Jump to content

American Finance Association: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
Annual meeting: reverse order so chrono
 
(33 intermediate revisions by 16 users not shown)
Line 1: Line 1:
{{Infobox organization
The '''American Finance Association''' ('''AFA''') is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the ''[[Journal of Finance]]'', was first published in 1946.
| name = American Finance Association
| full_name =
| native_name =
| native_name_lang =
| logo =
| logo_size =
| logo_alt =
| logo_caption =
| image =
| image_size =
| alt =
| caption =
| map =
| map_size =
| map_alt =
| map_caption =
| map2 =
| map2_size =
| map2_alt =
| map2_caption =
| abbreviation = AFA
| nickname =
| pronounce =
| pronounce ref =
| pronounce comment =
| pronounce 2 =
| named_after =
| predecessor =
| merged =
| successor =
| formation = 1939
| founder =
| founding_location =
| dissolved =
| merger =
| type =
| tax_id =
| registration_id =
| status =
| purpose =
| professional_title =
| headquarters =
| location_city =
| location_country =
| location_city2 =
| location_country2 =
| addnl_location_city =
| addnl_location_country =
| addnl_location_city2 =
| addnl_location_country2 =
| coordinates =
| origins =
| region_served =
| products =
| services =
| methods =
| fields =
| membership =
| membership_year =
| language =
| owner =
| sec_gen =
| leader_title = President
| leader_name = Markus Brunnermeier<ref>{{cite web | title=OFFICERS AND DIRECTORS | website=The American Finance Association | date= | url=https://afajof.org/officers-and-directors/ | access-date=September 18, 2023}}</ref>
| leader_title2 =
| leader_name2 =
| leader_title3 =
| leader_name3 =
| leader_title4 =
| leader_name4 =
| board_of_directors =
| key_people =
| main_organ =
| parent_organization =
| subsidiaries =
| secessions =
| affiliations =
| budget =
| budget_year =
| revenue =
| revenue_year =
| disbursements =
| expenses =
| expenses_year =
| endowment =
| endowment_year =
| funding =
| staff =
| staff_year =
| volunteers =
| volunteers_year =
| students =
| students_year =
| awards =
| website = {{URL|http://www.afajof.org}}
| remarks =
| formerly =
| footnotes =
| bodystyle =
}}

The '''American Finance Association''' ('''AFA''') is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the ''[[Journal of Finance]]'', was first published in 1946.
__TOC__
__TOC__


Line 9: Line 111:
*Encourage the study of finance in [[college]]s and [[university|universities]]
*Encourage the study of finance in [[college]]s and [[university|universities]]
*Conduct other activities appropriate for a non-profit, professional society in the field of finance
*Conduct other activities appropriate for a non-profit, professional society in the field of finance

== Membership ==
As of 2022, the association has over 12,000 members.{{citation needed|date=January 2021}} A variety of membership options exist and membership is open to anyone.

A number of members are also distinguished in the Society of Fellows of the Association. These are members who have made significant contributions to the field of finance.


== Administration ==
== Administration ==
The administration of the association is overseen by both officers and a board of advisors. All of these positions are held by faculty at various American universities. The board of directors rotates over time and assists in key decisions and policies.
The administration of the association is overseen by both officers and a board of directors. All of these positions are held by faculty at various universities. The board of directors rotates over time and assists in key decisions and policies.


== ''Journal of Finance'' ==
== ''Journal of Finance'' ==
''[[The Journal of Finance]]'' is an [[academic journal]] that covers the whole field of finance. It began publication in 1946. According to ''[[Journal Citation Reports]]'', it has a 2015 [[impact factor]] of 5.290. The current editorial team is Stefan Nagel (editor), Philip Bond, Amit Seru, and Wei Xiong. The ''Journal of Finance'', ''[[The Review of Financial Studies]]'', and the ''[[Journal of Financial Economics]]'' are considered to be the top-three finance journals.<ref>{{Cite web|url=https://scholar.google.com/citations?view_op=top_venues&hl=en&vq=bus_finance|title=Google Scholar Metrics|website=scholar.google.com|access-date=2016-10-15}}</ref><ref>{{Cite journal|last=Oltheten|first=Elisabeth|last2=Theoharakis|first2=Vasilis|last3=Travlos|first3=Nickolaos G.|date=2005-03-01|title=Faculty Perceptions and Readership Patterns of Finance Journals: A Global View|journal=Journal of Financial and Quantitative Analysis|volume=40|issue=1|pages=223–239|doi=10.1017/S0022109000001800|issn=1756-6916}}</ref><ref>{{Cite journal|last=Borokhovich|first=Kenneth A.|last2=Bricker|first2=Robert J.|last3=Simkins|first3=Betty J.|date=1994-06-01|title=Journal Communication and Influence in Financial Research|journal=The Journal of Finance|language=en|volume=49|issue=2|pages=713–725|doi=10.1111/j.1540-6261.1994.tb05159.x|issn=1540-6261}}</ref><ref>{{Cite news|url=https://charteredabs.org/Academic-Journal-Guide/files/assets/basic-html/index.html#26|title=Academic Journal Guide 2015|access-date=2016-10-15|archive-url=https://web.archive.org/web/20160619044829/http://charteredabs.org/Academic-Journal-Guide/files/assets/basic-html/index.html#26|archive-date=2016-06-19|url-status=dead}}</ref><ref>{{Cite web|url=http://www.scimagojr.com/journalrank.php?category=2003|title=Journal Rankings on Finance|website=www.scimagojr.com|access-date=2016-10-15}}</ref>
''[[The Journal of Finance]]'' is an [[academic journal]] that covers the whole field of finance. It began publication in 1946. According to ''[[Journal Citation Reports]]'', it has a 2015 [[impact factor]] of 5.290. The current editor is [[Antoinette Schoar]]. The ''Journal of Finance'', ''[[The Review of Financial Studies]]'', and the ''[[Journal of Financial Economics]]'' are considered to be the top-three finance journals.<ref>{{Cite web|url=https://scholar.google.com/citations?view_op=top_venues&hl=en&vq=bus_finance|title=Google Scholar Metrics|website=scholar.google.com|access-date=2016-10-15}}</ref><ref>{{Cite journal|last1=Oltheten|first1=Elisabeth|last2=Theoharakis|first2=Vasilis|last3=Travlos|first3=Nickolaos G.|date=2005-03-01|title=Faculty Perceptions and Readership Patterns of Finance Journals: A Global View|journal=Journal of Financial and Quantitative Analysis|volume=40|issue=1|pages=223–239|doi=10.1017/S0022109000001800|issn=1756-6916}}</ref><ref>{{Cite journal|last1=Borokhovich|first1=Kenneth A.|last2=Bricker|first2=Robert J.|last3=Simkins|first3=Betty J.|date=1994-06-01|title=Journal Communication and Influence in Financial Research|journal=The Journal of Finance|language=en|volume=49|issue=2|pages=713–725|doi=10.1111/j.1540-6261.1994.tb05159.x|issn=1540-6261}}</ref><ref>{{Cite news|url=https://charteredabs.org/Academic-Journal-Guide/files/assets/basic-html/index.html#26|title=Academic Journal Guide 2015|access-date=2016-10-15|archive-url=https://web.archive.org/web/20160619044829/http://charteredabs.org/Academic-Journal-Guide/files/assets/basic-html/index.html#26|archive-date=2016-06-19|url-status=dead}}</ref><ref>{{Cite web|url=http://www.scimagojr.com/journalrank.php?category=2003|title=Journal Rankings on Finance|website=www.scimagojr.com|access-date=2016-10-15}}</ref>

== Membership ==
The association currently has over 11,400 members. A variety of membership options exist and membership is open to anyone.

A number of members are also distinguished in the Society of Fellows of the Association. These are members who have made significant contributions to the field of finance.


== Annual meeting ==
== Annual meeting ==


An annual meeting of the association is held every year in January, in conjunction with the [[American Economic Association]] and the North American Winter Meetings of the [[Econometric Society]] as a part of the [[Allied Social Sciences Association]]. The president speaks on a selected topic and there are presentations of various financial papers. The AFA, [[Western Finance Association]] Meetings, and [[Society for Financial Studies]] Cavalcade are considered to be the three top general finance conferences in the world.<ref>https://ssrn.com/abstract=2503333</ref>
An annual meeting of the association is held every year in January, in conjunction with the [[American Economic Association]] and the North American Winter Meetings of the [[Econometric Society]] as a part of the [[Allied Social Science Associations]]. The president speaks on a selected topic and there are presentations of various financial papers. The AFA, [[Western Finance Association]] Meetings, and [[Society for Financial Studies]] Cavalcade are considered to be the three top general finance conferences in the world.<ref>{{Cite SSRN|title=Finance Conference Quality and Publication Success: A Conference Ranking|first1=Sebastian J.|last1=Reinartz|first2=Daniel|last2=Urban|date=December 9, 2016|ssrn=2503333}}</ref>


Recent [https://afajof.org/past-meetings/ Annual Meeting] AFA sites:
Recent Annual Meeting AFA sites:
*2015 Boston, Massachusetts
*2015 Boston, Massachusetts
*2016 San Francisco, California
*2016 San Francisco, California
Line 33: Line 135:
*2020 San Diego, California
*2020 San Diego, California
*2021 Virtual Annual Meeting
*2021 Virtual Annual Meeting
*2022 Virtual Annual Meeting
<ref>{{Cite web|url=https://afajof.org/past-meetings/|title=Past Meetings}}</ref>


== Past and current presidents of the AFA ==
== Past and current presidents of the AFA ==
{{div col|colwidth=18em}}
{{cleanup section|date=January 2021|reason=Dates in reverse chronological order, contrary to [[WP:DATELIST]]. List would be more compact if bulleted.}}
*1940 [[Kenneth Field]]<ref name=39-69/>
{{div col|colwidth=18em}}2021 [[John Graham (economist)|John Graham]]
*1941 [[Chelcie Bosland|Chelcie C. Bosland]]<ref name=39-69/>

*1942 [[Charles Prather|Charles L. Prather]]<ref name=39-69/>
2020 [[Kenneth Singleton]]
*1943 [[John Clark (economist)|John D. Clark]]<ref name=39-69/>

*1944 No President
2019 [[David Hirshleifer]]
*1945 No President

*1946 [[Harry G. Guthman]]<ref name=39-69/>
2018 [[Peter DeMarzo]]
*1947 [[Lewis Froman|Lewis A. Froman]]<ref name=39-69/>

*1948 [[Benjamin Haggott Beckhart|Benjamin H. Beckhart]]<ref name=39-69/>
2017 [[David Scharfstein]]
*1949 [[Neil Jacoby|Neil H. Jacoby]]<ref name=39-69/>

*1950 [[Howard Bowen|Howard R. Bowen]]<ref name=39-69/>
2016 [[Campbell Harvey]]
*1951 [[Raymond J. Saulnier]]<ref name=39-69/>

2015 [[Patrick Bolton (economist)|Patrick Bolton]]
*1952 [[Edward Edwards (economist)|Edward E. Edwards]]<ref name=39-69/>
*1953 [[Roland Robinson (economist)|Roland I. Robinson]]<ref name=39-69/>

*1954 [[Garfield V. Cox]]<ref name=39-69/>
2014 [[Luigi Zingales|Luigi G. Zingales]]
*1955 [[Norris Johnson|Norris O. Johnson]]<ref name=39-69/>

*1956 [[Miller Upton]]<ref name=39-69/>
2013 [[Robert Stambaugh]]
*1957 [[Marshall Ketchum|Marshall D. Ketchum]]<ref name=39-69/>

*1958 [[Lester Chandler|Lester V. Chandler]]<ref name=39-69/>
2012 [[Sheridan Titman]]
*1959 [[James O'Leary (economist)|James J. O'Leary]]<ref name=39-69/>

*1960 [[Paul Van Arsdell|Paul M. Van Arsdell]]<ref name=39-69/>
2011 [[Raghuram G. Rajan]]
*1961 [[Arthur Weimer|Arthur M. Weimer]]<ref name=39-69/>

*1962 [[Bion Howard|Bion B. Howard]]<ref name=39-69/>
2010 [[John H. Cochrane]]
*1963 [[George Conklin Jr.|George T. Conklin Jr.]]<ref name=39-69/>

*1964 [[Roger Murray|Roger F. Murray]]<ref name=39-69/>
2009 [[Darrell Duffie|J. Darrell Duffie]]
*1965 [[George Garvy]]<ref name=39-69/>

*1966 [[J. Fred Weston]]<ref name=39-69/>
2008 [[Jeremy C. Stein]]
*1967 [[Robert Roosa|Robert V. Roosa]]<ref name=39-69/>

*1968 [[Harry Sauvain|Harry C. Sauvain]]<ref name=39-69/>
2007 [[Kenneth French|Kenneth R. French]]
*1969 [[Walter Hoadley|Walter E. Hoadley]]<ref name=39-69>{{cite journal|jstor=2325795|title=The American Finance Association: 1939-1969|author=Kavesh, Robert A.|journal=Journal of Finance|volume=25|issue=1|pages=1–17|doi=10.1111/j.1540-6261.1970.tb00409.x|year=1970}}</ref>

2006 [[Richard C. Green]]
*1970 [[Lawrence Ritter|Lawrence S. Ritter]]
*1971 [[Joseph Pechman|Joseph A. Pechman]]

2005 [[John Y. Campbell]]
*1972 [[Irwin Friend]]
*1973 [[Sherman Maisel|Sherman J. Maisel]]

2004 [[René M. Stulz]]
*1974 [[John Lintner]]
*1975 [[Myron J. Gordon]]

2003 [[Douglas Diamond|Douglas W. Diamond]]
*1976 [[Merton Miller|Merton H. Miller]]
*1977 [[Alexander Robichek|Alexander A. Robichek]]

*1978 [[Burton Malkiel|Burton G. Malkiel]]
2002 [[Maureen O'Hara (professor)|Maureen O'Hara]]
*1979 [[Edward Kane|Edward J. Kane]]

*1980 [[William F. Sharpe]]
2001 [[George Constantinides|George M. Constantinides]]
*1981 [[Franco Modigliani]]

*1982 [[Harry Markowitz|Harry M. Markowitz]]
2000 [[Franklin Allen]]
*1983 [[Stewart Myers|Stewart C. Myers]]

1999 [[Hans Stoll|Hans R. Stoll]]
*1984 [[James C. Van Horne]]
*1985 [[Fischer Black]]

1998 [[Ed Elton|Edwin J. Elton]]
*1986 [[Robert C. Merton]]
*1987 [[Richard Roll]]

1997 [[Hayne Leland|Hayne E. Leland]]
*1988 [[Stephen Ross (economist)|Stephen A. Ross]]
*1989 [[Michael Brennan (finance)|Michael J. Brennan]]

1996 [[Eduardo Schwartz|Eduardo S. Schwartz]]
*1990 [[Myron Scholes|Myron S. Scholes]]
*1991 [[Robert Litzenberger|Robert H. Litzenberger]]

1995 [[Martin J. Gruber]]
*1992 [[Michael C. Jensen]]
*1993 [[Mark Rubinstein]]

1994 [[Sanford J. Grossman]]
*1994 [[Sanford J. Grossman]]
*1995 [[Martin J. Gruber]]

*1996 [[Eduardo Schwartz|Eduardo S. Schwartz]]
1993 [[Mark Rubinstein]]
*1997 [[Hayne Leland|Hayne E. Leland]]

1992 [[Michael C. Jensen]]
*1998 [[Ed Elton|Edwin J. Elton]]
*1999 [[Hans Stoll|Hans R. Stoll]]

*2000 [[Franklin Allen]]
1991 [[Robert Litzenberger|Robert H. Litzenberger]]
*2001 [[George Constantinides|George M. Constantinides]]

*2002 [[Maureen O'Hara (professor)|Maureen O'Hara]]
1990 [[Myron Scholes|Myron S. Scholes]]
*2003 [[Douglas Diamond|Douglas W. Diamond]]

*2004 [[René M. Stulz]]
1989 [[Michael Brennan (finance)|Michael J. Brennan]]
*2005 [[John Y. Campbell]]

*2006 [[Richard C. Green]]
1988 [[Stephen Ross (economist)|Stephen A. Ross]]
*2007 [[Kenneth French|Kenneth R. French]]

1987 [[Richard Roll]]
*2008 [[Jeremy C. Stein]]
*2009 [[Darrell Duffie|J. Darrell Duffie]]

1986 [[Robert C. Merton]]
*2010 [[John H. Cochrane]]
*2011 [[Raghuram G. Rajan]]

1985 [[Fischer Black]]
*2012 [[Sheridan Titman]]
*2013 [[Robert Stambaugh]]

1984 [[James C. Van Horne]]
*2014 [[Luigi Zingales|Luigi G. Zingales]]
*2015 [[Patrick Bolton]]

*2016 [[Campbell Harvey]]
1983 [[Stewart Myers|Stewart C. Myers]]
*2017 [[David Scharfstein]]

*2018 [[Peter DeMarzo]]
1982 [[Harry Markowitz|Harry M. Markowitz]]
*2019 [[David Hirshleifer]]

1981 [[Franco Modigliani]]
*2020 [[Kenneth Singleton]]
*2021 [[John Graham (economist)|John Graham]]

*2022 Laura Starks
1980 [[William F. Sharpe]]
*2023 [[Markus Brunnermeier]]

1979 [[Edward Kane|Edward J. Kane]]

1978 [[Burton Malkiel|Burton G. Malkiel]]

1977 [[Alexander Robichek|Alexander A. Robichek]]

1976 [[Merton Miller|Merton H. Miller]]

1975 [[Myron Gordon (economist)|Myron J. Gordon]]

1974 [[John Lintner]]

1973 [[Sherman Maisel|Sherman J. Maisel]]

1972 [[Irwin Friend]]

1971 [[Joseph Pechman|Joseph A. Pechman]]

1970 [[Lawrence Ritter|Lawrence S. Ritter]]

1969 [[Walter Hoadley|Walter E. Hoadley]]<ref name=39-69>{{cite journal|jstor=2325795|title=The American Finance Association: 1939-1969|author=Kavesh, Robert A.|journal=Journal of Finance|volume=25|issue=1|pages=1–17|doi=10.1111/j.1540-6261.1970.tb00409.x|year=1970}}</ref>

1968 [[Harry Sauvain|Harry C. Sauvain]]<ref name=39-69/>

1967 [[Robert Roosa|Robert V. Roosa]]<ref name=39-69/>

1966 [[J. Fred Weston]]<ref name=39-69/>

1965 [[George Garvy]]<ref name=39-69/>

1964 [[Roger Murray|Roger F. Murray]]<ref name=39-69/>

1963 [[George Conklin Jr.|George T. Conklin Jr.]]<ref name=39-69/>

1962 [[Bion Howard|Bion B. Howard]]<ref name=39-69/>

1961 [[Arthur Weimer|Arthur M. Weimer]]<ref name=39-69/>

1960 [[Paul Van Arsdell|Paul M. Van Arsdell]]<ref name=39-69/>

1959 [[James O'Leary (economist)|James J. O'Leary]]<ref name=39-69/>

1958 [[Lester Chandler|Lester V. Chandler]]<ref name=39-69/>

1957 [[Marshall Ketchum|Marshall D. Ketchum]]<ref name=39-69/>

1956 [[Miller Upton]]<ref name=39-69/>

1955 [[Norris Johnson|Norris O. Johnson]]<ref name=39-69/>

1954 [[Garfield V. Cox]]<ref name=39-69/>

1953 [[Roland Robinson (economist)|Roland I. Robinson]]<ref name=39-69/>

1952 [[Edward Edwards (economist)|Edward E. Edwards]]<ref name=39-69/>

1951 [[Raymond J. Saulnier]]<ref name=39-69/>

1950 [[Howard Bowen|Howard R. Bowen]]<ref name=39-69/>

1949 [[Neil Jacoby|Neil H. Jacoby]]<ref name=39-69/>

1948 [[Benjamin Haggott Beckhart|Benjamin H. Beckhart]]<ref name=39-69/>

1947 [[Lewis Froman|Lewis A. Froman]]<ref name=39-69/>

1946 [[Harry G. Guthman]]<ref name=39-69/>

1945 No President

1944 No President

1943 [[John Clark (economist)|John D. Clark]]<ref name=39-69/>

1942 [[Charles Prather|Charles L. Prather]]<ref name=39-69/>

1941 [[Chelcie Bosland|Chelcie C. Bosland]]<ref name=39-69/>

1940 [[Kenneth Field]]<ref name=39-69/>
{{div col end}}
{{div col end}}


Line 204: Line 229:


In January 2000, the Board of Directors of the American Finance Association instituted a Society of Fellows of the Association. The purpose of the society is to recognize those members who have made a distinguished contribution to the field of finance.
In January 2000, the Board of Directors of the American Finance Association instituted a Society of Fellows of the Association. The purpose of the society is to recognize those members who have made a distinguished contribution to the field of finance.
Since Fellows are selected by the membership for their contributions to the field of finance, and since this is the principal criterion for election as president, all living past presidents and all future presidents of the association are designated as Fellows. The list of [https://afajof.org/fellows/ AFA Fellows] contains all past presidents and the Fellows selected since that date.
Since Fellows are selected by the membership for their contributions to the field of finance, and since this is the principal criterion for election as president, all living past presidents and all future presidents of the association are designated as Fellows. The list of AFA Fellows<ref>{{Cite web|url=https://afajof.org/fellows/|title=Fellows}}</ref> contains all past presidents and the Fellows selected since that date.
Each year, the Nominating Committee, chaired by the current president, solicits names from the membership and nominates a slate of no more than five candidates from which current Fellows elect a maximum of two new Fellows. Polling of the current Fellows is carried out by the immediate past-president prior to the next annual meeting.
Each year, the Nominating Committee, chaired by the current president, solicits names from the membership and nominates a slate of no more than five candidates from which current Fellows elect a maximum of two new Fellows. Polling of the current Fellows is carried out by the immediate past-president prior to the next annual meeting.


==Prizes and awards==
==Prizes and awards==
Line 216: Line 241:


=== Dimensional Fund Advisors Prizes ===
=== Dimensional Fund Advisors Prizes ===
Annually, the association awards the [https://afajof.org/prizes/ Dimensional Fund Advisors Prizes] (prizes prior to 2019 were sponsored by Amundi Pioneer, Amundi Smith Breeden, and Smith Breeden) for the top three papers in the ''Journal of Finance'' in any area other than corporate finance at its annual meeting.
Annually, the association awards the Dimensional Fund Advisors Prizes<ref>{{Cite web|url=https://afajof.org/prizes/|title=Prizes}}</ref> (prizes prior to 2019 were sponsored by Amundi Pioneer, Amundi Smith Breeden, and Smith Breeden) for the top three papers in the ''Journal of Finance'' in any area other than corporate finance at its annual meeting.


=== Morgan Stanley-AFA Award for Excellence in Finance ===
=== Morgan Stanley-AFA Award for Excellence in Finance ===


The '''[https://afajof.org/morgan-stanley-american-finance-association-award-for-excellence-in-finance/ Morgan Stanley-American Finance Association Award for Excellence in Finance]''' was a bi-annual finance award granted based on an individual's career achievements in outstanding thought leadership in the field of financial economics.The Award began in 2008 and continued for 5 bi-annual periods.
The Morgan Stanley-American Finance Association Award for Excellence in Finance<ref>{{Cite web|url=https://afajof.org/morgan-stanley-american-finance-association-award-for-excellence-in-finance/|title=Morgan Stanley - American Finance Association Award for Excellence in Finance}}</ref> was a bi-annual finance award granted based on an individual's career achievements in outstanding thought leadership in the field of [[financial economics]]. The Award began in 2008 and continued for 5 bi-annual periods.


==Notes==
==Notes==
{{reflist}}
{{Reflist}}


== External links ==
== External links ==
Line 230: Line 255:


{{Financial economics awards}}
{{Financial economics awards}}
{{Authority control}}


[[Category:Professional associations based in the United States]]
[[Category:Professional associations based in the United States]]

Latest revision as of 13:42, 14 May 2024

American Finance Association
AbbreviationAFA
Formation1939
President
Markus Brunnermeier[1]
Websitewww.afajof.org

The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the Journal of Finance, was first published in 1946.

Mission

[edit]

The purpose of the association is to:

  • Act as a mutual association of persons with an interest in finance
  • Improve the public understanding of financial problems
  • Provide for the exchange of financial ideas through the distribution of the Journal of Finance and other media
  • Encourage the study of finance in colleges and universities
  • Conduct other activities appropriate for a non-profit, professional society in the field of finance

Membership

[edit]

As of 2022, the association has over 12,000 members.[citation needed] A variety of membership options exist and membership is open to anyone.

A number of members are also distinguished in the Society of Fellows of the Association. These are members who have made significant contributions to the field of finance.

Administration

[edit]

The administration of the association is overseen by both officers and a board of directors. All of these positions are held by faculty at various universities. The board of directors rotates over time and assists in key decisions and policies.

Journal of Finance

[edit]

The Journal of Finance is an academic journal that covers the whole field of finance. It began publication in 1946. According to Journal Citation Reports, it has a 2015 impact factor of 5.290. The current editor is Antoinette Schoar. The Journal of Finance, The Review of Financial Studies, and the Journal of Financial Economics are considered to be the top-three finance journals.[2][3][4][5][6]

Annual meeting

[edit]

An annual meeting of the association is held every year in January, in conjunction with the American Economic Association and the North American Winter Meetings of the Econometric Society as a part of the Allied Social Science Associations. The president speaks on a selected topic and there are presentations of various financial papers. The AFA, Western Finance Association Meetings, and Society for Financial Studies Cavalcade are considered to be the three top general finance conferences in the world.[7]

Recent Annual Meeting AFA sites:

  • 2015 Boston, Massachusetts
  • 2016 San Francisco, California
  • 2017 Chicago, Illinois
  • 2018 Philadelphia, Pennsylvania
  • 2019 Atlanta, Georgia
  • 2020 San Diego, California
  • 2021 Virtual Annual Meeting
  • 2022 Virtual Annual Meeting

[8]

Past and current presidents of the AFA

[edit]

Fellows of the American Finance Association

[edit]

In January 2000, the Board of Directors of the American Finance Association instituted a Society of Fellows of the Association. The purpose of the society is to recognize those members who have made a distinguished contribution to the field of finance. Since Fellows are selected by the membership for their contributions to the field of finance, and since this is the principal criterion for election as president, all living past presidents and all future presidents of the association are designated as Fellows. The list of AFA Fellows[10] contains all past presidents and the Fellows selected since that date. Each year, the Nominating Committee, chaired by the current president, solicits names from the membership and nominates a slate of no more than five candidates from which current Fellows elect a maximum of two new Fellows. Polling of the current Fellows is carried out by the immediate past-president prior to the next annual meeting.

Prizes and awards

[edit]

Fischer Black Prize

[edit]

Biennially, the association awards the Fischer Black Prize at its annual meeting. The award, named in honor of economist Fischer Black, recognizes an outstanding young academic whose original research has made a significant contribution to the field of finance.

Brattle Prizes

[edit]

Annually, the Brattle Prizes are awarded annually for outstanding papers on corporate finance at its annual meeting.

Dimensional Fund Advisors Prizes

[edit]

Annually, the association awards the Dimensional Fund Advisors Prizes[11] (prizes prior to 2019 were sponsored by Amundi Pioneer, Amundi Smith Breeden, and Smith Breeden) for the top three papers in the Journal of Finance in any area other than corporate finance at its annual meeting.

Morgan Stanley-AFA Award for Excellence in Finance

[edit]

The Morgan Stanley-American Finance Association Award for Excellence in Finance[12] was a bi-annual finance award granted based on an individual's career achievements in outstanding thought leadership in the field of financial economics. The Award began in 2008 and continued for 5 bi-annual periods.

Notes

[edit]
  1. ^ "OFFICERS AND DIRECTORS". The American Finance Association. Retrieved September 18, 2023.
  2. ^ "Google Scholar Metrics". scholar.google.com. Retrieved 2016-10-15.
  3. ^ 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. ISSN 1756-6916.
  4. ^ 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. ISSN 1540-6261.
  5. ^ "Academic Journal Guide 2015". Archived from the original on 2016-06-19. Retrieved 2016-10-15.
  6. ^ "Journal Rankings on Finance". www.scimagojr.com. Retrieved 2016-10-15.
  7. ^ Reinartz, Sebastian J.; Urban, Daniel (December 9, 2016). "Finance Conference Quality and Publication Success: A Conference Ranking". SSRN 2503333.
  8. ^ "Past Meetings".
  9. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab Kavesh, Robert A. (1970). "The American Finance Association: 1939-1969". Journal of Finance. 25 (1): 1–17. doi:10.1111/j.1540-6261.1970.tb00409.x. JSTOR 2325795.
  10. ^ "Fellows".
  11. ^ "Prizes".
  12. ^ "Morgan Stanley - American Finance Association Award for Excellence in Finance".
[edit]