Review of Financial Studies Journal Impact Factor & Information

Publisher: Society for Financial Studies, Oxford University Press (OUP)

Journal description

The Review of Financial Studies is a major forum for the promotion and wide dissemination of significant new research in financial economics. As reflected by its broadly based editorial board the Review balances theoretical and empirical contributions. The primary criteria for publishing a paper are its quality and importance to the field of finance without undue regard to its technical difficulty. Finance is interpreted broadly to include the interface between finance and economics. The Review is sponsored by The Society for Financial Studies. The editors of the Review and officers of the Society are elected for limited terms.

Current impact factor: 4.75

Impact Factor Rankings

Additional details

5-year impact 5.18
Cited half-life 7.40
Immediacy index 0.75
Eigenfactor 0.05
Article influence 6.44
Website Review of Financial Studies website
Other titles Review of financial studies (Online)
ISSN 1465-7368
OCLC 40777420
Material type Document, Periodical, Internet resource
Document type Internet Resource, Computer File, Journal / Magazine / Newspaper

Publisher details

Oxford University Press (OUP)

  • Pre-print
    • Author can archive a pre-print version
  • Post-print
    • Author cannot archive a post-print version
  • Conditions
    • Pre-print can only be posted prior to acceptance
    • Pre-print must be accompanied by set statement (see link)
    • Pre-print must not be replaced with post-print, instead a link to published version with amended set statement should be made
    • Pre-print on author's personal website, employer website, free public server or pre-prints in subject area
    • Publisher's version/PDF cannot be used
    • Published source must be acknowledged
    • Must link to publisher version
    • Set phrase to accompany archived copy (see policy)
    • Publisher last contacted on 14/08/2013
    • This policy is an exception to the default policies of 'Oxford University Press (OUP)'
  • Classification
    ​ yellow

Publications in this journal

  • Review of Financial Studies 02/2014;
  • Review of Financial Studies 01/2014;
  • [Show abstract] [Hide abstract]
    ABSTRACT: We develop and solve a model of optimal portfolio choice with transaction costs and predictability in house prices. We model house prices using a process with a time-varying expected growth rate. Housing adjustments are infrequent and characterized by both the wealth-to-housing ratio and the expected growth in house prices. We find that the housing portfolio share immediately after moving to a more valuable house is higher during periods of high expected growth in house prices. We also find that the share of wealth invested in risky assets is lower during periods of high expected growth in house prices. Finally, the decrease in risky portfolio holdings for households moving to a more valuable house is greater in high-growth periods. These findings are robust to tests using household-level data from the Panel Study of Income Dynamics (PSID) and Survey of Income and Program Participation (SIPP) surveys. The coefficients obtained using model-simulated data are consistent with those obtained in the empirical tests.
    Review of Financial Studies 01/2014; 27(3):823-880. DOI:10.1093/rfs/hht062
  • [Show abstract] [Hide abstract]
    ABSTRACT: Using a novel dataset on correlation swaps, we study the relation between correlation risk, hedge fund characteristics and their risk-return profile. We find that hedge funds' ability to create market neutral returns is often associated with a significant exposure to correlation risk, which helps to explain the large abnormal returns found in previous models. We also estimate a significant negative market price of correlation risk, which accounts for the cross-section of hedge fund excess returns. Finally, we detect a pronounced nonlinear relation between correlation risk exposure and the tail risk of hedge fund returns.
    Review of Financial Studies 01/2014; 27(2):581-616. DOI:10.2139/ssrn.1221342
  • [Show abstract] [Hide abstract]
    ABSTRACT: We explore a continuous-time agency model with double moral hazard. Using a venture capitalist (VC)–entrepreneur relationship where the VC both supplies costly effort and chooses the optimal timing of the initial public offering (IPO), we show that optimal IPO timing is earlier under double moral hazard than under single moral hazard. Our results also indicate that the manager's compensation tends to be paid earlier under double moral hazard. We derive several comparative static results, notably that IPO timing is earlier when the need for monitoring by the VC is smaller and when the volatility of cash flows is larger.
    Review of Financial Studies 10/2013; 26(10):2620-2647. DOI:10.1093/rfs/hht027
  • [Show abstract] [Hide abstract]
    ABSTRACT: Market liberalization may not result in full market integration if implicit barriers are important. We test this proposition for investable and non-investable segments of 22 emerging markets (EMs). We also measure the degree of integration for six major developed markets (DMs) as a meaningful benchmark. We find that while the DMs are close to fully integrated, both EM segments are not effectively integrated with the global economy. We quantify the importance of implicit barriers and show that better institutions, stronger corporate governance and more transparent markets in EMs would jointly contribute to a higher degree of integration by about 20-30 percent.
    Review of Financial Studies 01/2013; Vol. 26, No. 7:1694-1739.
  • [Show abstract] [Hide abstract]
    ABSTRACT: We show that stock prices are more accurate when short sellers are more active. First, in a large panel of NYSE-listed stocks, intraday informational efficiency of prices improves with greater shorting flow. Second, at monthly and annual horizons, more shorting flow accelerates the incorporation of public information into prices. Third, greater shorting flow reduces post-earnings announcement drift for negative earnings surprises. Fourth, short sellers change their trading around extreme return events in a way that aids price discovery and reduces divergence from fundamental values. These results are robust to various econometric specifications and their magnitude is economically meaningful.
    Review of Financial Studies 01/2013; DOI:10.2139/ssrn.972620