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JOURNAL OF FINANCIAL ECONOMICS
Aims and Scope:The Journal of Financial Economics provides a specialized forum for the publication of research in the area of financial economics and the theory of the firm, placing primary emphasis on the highest quality analytical, empirical, and clinical contributions in the following major areas: capital markets, financial institutions, corporate finance, corporate governance, and the economics of organizations.
Managing Editor:G. WILLIAM SCHWERT, William E. Simon Graduate School of Business Administration, University of Rochester, Rochester, NY 14627 (email: [email protected])
Founding Editor:MICHAEL C. JENSEN, Graduate School of Business Administration, Harvard University, Boston, MA 02163 (email: [email protected])
Advisory Editors: DARRELL DUFFIE, Graduate School of Business, Stanford University, Stanford, CA 94305; EUGENE F. FAMA, Graduate School of Business, University of Chicago, Chicago, IL 60637; KENNETH R. FRENCH, Tuck School of Business, Dartmouth College, Hanover, NH, USA 03755; ANDREI SHLEIFER, Harvard University, Department of Economics, 315 Littauer Center, Cambridge, MA 02138; CLIFFORD W. SMITH, JR., William E. Simon Graduate School of Business Administration, University of Rochester, Rochester, NY 14627; RENÉ M. STULZ, The Ohio State University, Max M. Fisher College of Business, 806A Fisher Hall, 2100 Neil Avenue, Columbus, OH 43210; TONI M. WHITED, William E. Simon Graduate School of Business Administration, University of Rochester, Rochester, NY 14627.
Associate Editors: HENDRIK BESSEMBINDER, University of Utah; JOHN CAMPBELL, Harvard University; HARRY DeANGELO, University of Southern California; AMY DITTMAR, University of Michigan; RICHARD C. GREEN, Carnegie-Mellon University; JARRAD V.T. HARFORD, University of Washington; CAMPBELL R. HARVEY, Duke University; CHRISTOPHER M. JAMES, University of Florida; STEVEN N. KAPLAN, University of Chicago; G. ANDREW KAROLYI, Cornell University; JONATHAN M. KARPOFF, University of Washington; JOSH LERNER, Harvard Business School; TIM LOUGHRAN, University of Notre Dame; MICHELLE LOWRY, Pennsylvania State University; KEVIN J. MURPHY, University of Southern California; MICAH OFFICER, Loyola Marymount University; LUBOS PASTOR, University of Chicago; NEIL D. PEARSON, University of Illinois; JAY RITTER, University of Florida; JAY SHANKEN, Emory University; RICHARD G. SLOAN, University of California, Berkeley; JEROLD B. WARNER, University of Rochester; KAREN H. WRUCK, The Ohio State University; JEFFREY WURGLER, New York University; DAVID YERMACK, New York University; LU ZHANG, The Ohio State University.
Submission Fee:Unsolicited manuscripts must be accompanied by a submission fee of $500 for authors who are current Journal of Financial Economics subscribers and $550 for non-subscribers. This submission fee will be refunded for all accepted manuscripts. To encourage quicker response, referees are paid an honorarium out of the submission fee. There are no page charges. Payments by Visa or MasterCard should give details of cardholder’s name, credit card number, and expiration date. Checks should be made payable to the Journal of Financial Economics, and must be in U.S. dollars.
Publication information:Journal of Financial Economics (ISSN 0304-405X) is published monthly by Elsevier (Radarweg 29, 1043 NX Amsterdam, the Netherlands). Further information on this journal is available from the Publisher or from the Elsevier Customer Service Department nearest you or from this journal’s website (http://www.elsevier.com/locate/jfec). Information on other Elsevier products is available through Elsevier’s website (http://www.elsevier.com). Periodicals Postage Paid at Rahway, NJ, and at additional mailing offices. USA POSTMASTER: Send change of address to Journal of Financial Economics, Elsevier Customer Service Department, 3251 Riverport Lane, Maryland Heights, MO 63043, USA.
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