The Review of Financial Studies

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The Review of Financial Studies  
Discipline Finance
Language English
Edited by Andrew Karolyi
Publication details
Publication history
Frequency Monthly
Standard abbreviations
Rev. Financial Stud.
ISSN 0893-9454 (print)
1465-7368 (web)
LCCN sf93094251
OCLC no. 40777420

The Review of Financial Studies is a peer-reviewed academic journal covering the field of finance. It is published by Oxford University Press on behalf of the Society for Financial Studies. It was established following discussions at the 1986 Western Finance Association meetings, and the first issue was published in 1988.[1] The current editor-in-chief is Andrew Karolyi. It is considered to be one of the premier finance journals.[2][3] According to the Journal Citation Reports, the journal has a 2015 impact factor of 3.119.[4]


The following persons are or have been editors-in-chief:

  • Andrew Karolyi (Cornell University, 2014–present)
  • David Hirshleifer (UC Irvine, 2011–2014)
  • Matthew Spiegel (Yale University, 2005–2011)
  • Maureen O'Hara (Cornell University, 2000–2005)
  • Ravi Jagannathan (Northwestern University, 1997–2000)
  • Franklin Allen (University of Pennsylvania, 1994–1997)
  • Chester Spatt (Carnegie Mellon University, 1991–1994)
  • Michael Brennan (UCLA; 1988–1990)


The Michael J. Brennan Best Paper Award, named after the first editor of the journal, is an annual prize given to authors of the best paper published in the journal in the past year. The first prize is US$20,000 and the second prize is US$7,000.[5] The journal also awards a Rising Scholar Award, a Referee of the Year Award, and multiple Distinguished Referee Awards. The winners are announced at the Society for Financial Studies Cavalcade conference in May as well as in the journal and on its website. The winners are selected by the editorial board, including the executive editor, the co-editors, and the associate editors.


  1. ^ "History of the RFS". 
  2. ^ Oltheten, Elisabeth; Theoharakis, Vasilis; Travlos, Nickolaos G. (2005-03-01). "Faculty Perceptions and Readership Patterns of Finance Journals: A Global View". Journal of Financial and Quantitative Analysis. 40 (1): 223–239. doi:10.1017/S0022109000001800. 
  3. ^ Borokhovich, Kenneth A.; Bricker, Robert J.; Simkins, Betty J. (1994-06-01). "Journal Communication and Influence in Financial Research". The Journal of Finance. 49 (2): 713–725. doi:10.1111/j.1540-6261.1994.tb05159.x. 
  4. ^ "The Review of Financial Studies". 2015 Journal Citation Reports. Web of Science (Science ed.). Thomson Reuters. 2016. 
  5. ^ "Awards". Oxford University Press. Retrieved 2014-08-10. 

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