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The AFA Board of Directors is excited to announce that Antoinette Schoar of MIT will become the next executive editor of the Journal of Finance, effective July 1, 2022. Dr. Schoar will be joined by co-editors Urban Jermann (Wharton), Leonid Kogan (MIT), Jonathan Lewellen (Dartmouth) and Thomas Philippon (NYU). Dr. Schoar will be the first woman to serve as executive editor of the Journal of Finance.

The AFA Editorial Committee nominated Dr. Schoar as executive editor in recognition of her tremendous research record and leadership in the field of finance. The Editorial Committee was chaired by AFA President John Graham and consisted of Reena Aggarwal, John Campbell, Andrea Eisfeldt, Wei Jiang, Ralph Koijen, Michael Roberts, and Dimitri Vayanos.

Meet the new editorial team (effective July 1, 2022):

Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance at the MIT Sloan School of Management. Dr. Schoar has served as co-head of the NBER Corporate Finance and NBER Entrepreneurship groups and as president of the Society for Financial Studies. Her research interests range from corporate finance, private equity and entrepreneurial finance to household finance, fintech and financial inclusion. Her recent research focuses on cryptocurrencies, the market for financial advice and the role of retail financial product design in shaping consumer decisions in retirement savings or lending markets. She is also the cofounder of ideas42, a non-profit organization that uses insights from behavioral economics, finance and psychology to solve social problems.

Urban Jermann is the Safra Professor of International Finance and Capital Markets at the Wharton School of the University of Pennsylvania. His research focuses on the interactions between financial markets and the macroeconomy. Recent projects have covered topics such as long-term debt dynamics, benchmark interest rates, exchange rate policies, and government debt management.

Leonid Kogan is the Nippon Telegraph and Telephone Professor of Management and a Professor of Finance at the MIT Sloan School of Management and a Research Associate at the National Bureau of Economic Research. His research covers theoretical and empirical topics in capital markets and related areas. Several of his recent projects explore how technological progress affects equity markets, firm dynamics, and household income risk.

Jonathan Lewellen is the Carl E. and Catherine M. Heidt Professor of Finance at the Tuck School of Business at Dartmouth College and a Research Associate at the National Bureau of Economic Research.  His research focuses on the behavior of stock prices, the properties of asset-pricing tests, the investment decisions and performance of institutional investors, and the behavior of corporate investment.  His work won, in different years, the 1st and 2nd place Fama/DFA prize for Capital Markets and Asset Pricing.

Thomas Philippon is the Max L. Heine Professor of Finance at New York University, Stern School of Business and a Research Associate at the National Bureau of Economic Research. His research covers applied theory, corporate finance and macroeconomics, and his recent book “The Great Reversal” focuses on the increasing market power of large firms. Philippon won the 2013 Bernácer Prize for Best European Economist under 40 and was named one of the “top 25 economists under 45” by the IMF.