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{{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.
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| 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>
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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__


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*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

== 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.

== 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|url=https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/article/faculty-perceptions-and-readership-patterns-of-finance-journals-a-global-view/71691E9CAA176A32F8B0FAE088B0C57B|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>


== Membership ==
== Membership ==
The association currently has over 11,400 members. A variety of membership options exist and membership is open to anyone.
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.
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 ==
== Administration ==
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.
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>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2503333</ref>


== ''Journal of Finance'' ==
Recent [https://afajof.org/past-meetings/ Annual Meeting] AFA sites:
''[[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>


== Annual meeting ==
2019 Atlanta, Georgia


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>
2018 Philadelphia, Pennsylvania


Recent Annual Meeting AFA sites:
2017 Chicago, Illinois
*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
<ref>{{Cite web|url=https://afajof.org/past-meetings/|title=Past Meetings}}</ref>


== Past and current presidents of the AFA ==
2016 San Francisco, California

2015 Boston, Massachusetts

== Past and Current Presidents of the AFA ==
{{div col|colwidth=18em}}
{{div col|colwidth=18em}}
*1940 [[Kenneth Field]]<ref name=39-69/>
2019 [[David Hirshleifer]]
*1941 [[Chelcie Bosland|Chelcie C. Bosland]]<ref name=39-69/>

*1942 [[Charles Prather|Charles L. Prather]]<ref name=39-69/>
2018 [[Peter DeMarzo]]
*1943 [[John Clark (economist)|John D. Clark]]<ref name=39-69/>

*1944 No President
2017 [[David Scharfstein]]
*1945 No President

*1946 [[Harry G. Guthman]]<ref name=39-69/>
2016 [[Campbell Harvey]]
*1947 [[Lewis Froman|Lewis A. Froman]]<ref name=39-69/>

*1948 [[Benjamin Haggott Beckhart|Benjamin H. Beckhart]]<ref name=39-69/>
2015 [[Patrick Bolton]]
*1949 [[Neil Jacoby|Neil H. Jacoby]]<ref name=39-69/>

*1950 [[Howard Bowen|Howard R. Bowen]]<ref name=39-69/>
2014 [[Luigi Zingales|Luigi G. Zingales]]
*1951 [[Raymond J. Saulnier]]<ref name=39-69/>

*1952 [[Edward Edwards (economist)|Edward E. Edwards]]<ref name=39-69/>
2013 [[Robert Stambaugh]]
*1953 [[Roland Robinson (economist)|Roland I. Robinson]]<ref name=39-69/>

*1954 [[Garfield V. Cox]]<ref name=39-69/>
2012 [[Sheridan Titman]]
*1955 [[Norris Johnson|Norris O. Johnson]]<ref name=39-69/>

*1956 [[Miller Upton]]<ref name=39-69/>
2011 [[Raghuram G. Rajan]]
*1957 [[Marshall Ketchum|Marshall D. Ketchum]]<ref name=39-69/>

*1958 [[Lester Chandler|Lester V. Chandler]]<ref name=39-69/>
2010 [[John H. Cochrane]]
*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/>
2009 [[Darrell Duffie|J. Darrell Duffie]]
*1961 [[Arthur Weimer|Arthur M. Weimer]]<ref name=39-69/>

*1962 [[Bion Howard|Bion B. Howard]]<ref name=39-69/>
2008 [[Jeremy C. Stein]]
*1963 [[George Conklin Jr.|George T. Conklin Jr.]]<ref name=39-69/>

*1964 [[Roger Murray|Roger F. Murray]]<ref name=39-69/>
2007 [[Kenneth French|Kenneth R. French]]
*1965 [[George Garvy]]<ref name=39-69/>

*1966 [[J. Fred Weston]]<ref name=39-69/>
2006 [[Richard C. Green]]
*1967 [[Robert Roosa|Robert V. Roosa]]<ref name=39-69/>

*1968 [[Harry Sauvain|Harry C. Sauvain]]<ref name=39-69/>
2005 [[John Y. Campbell]]
*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>

2004 [[René M. Stulz]]
*1970 [[Lawrence Ritter|Lawrence S. Ritter]]
*1971 [[Joseph Pechman|Joseph A. Pechman]]

*1972 [[Irwin Friend]]
2003 [[Douglas Diamond|Douglas W. Diamond]]
*1973 [[Sherman Maisel|Sherman J. Maisel]]

*1974 [[John Lintner]]
2002 [[Maureen O'Hara (professor)|Maureen O'Hara]]
*1975 [[Myron J. Gordon]]

2001 [[George Constantinides|George M. Constantinides]]
*1976 [[Merton Miller|Merton H. Miller]]
*1977 [[Alexander Robichek|Alexander A. Robichek]]

*1978 [[Burton Malkiel|Burton G. Malkiel]]
2000 [[Franklin Allen]]
*1979 [[Edward Kane|Edward J. Kane]]

1999 [[Hans Stoll|Hans R. Stoll]]
*1980 [[William F. Sharpe]]
*1981 [[Franco Modigliani]]

1998 [[Ed Elton|Edwin J. Elton]]
*1982 [[Harry Markowitz|Harry M. Markowitz]]
*1983 [[Stewart Myers|Stewart C. Myers]]

1997 [[Hayne Leland|Hayne E. Leland]]
*1984 [[James C. Van Horne]]
*1985 [[Fischer Black]]

1996 [[Eduardo Schwartz|Eduardo S. Schwartz]]
*1986 [[Robert C. Merton]]
*1987 [[Richard Roll]]

*1988 [[Stephen Ross (economist)|Stephen A. Ross]]
1995 [[Martin J. Gruber]]
*1989 [[Michael Brennan (finance)|Michael J. Brennan]]

1994 [[Sanford J. Grossman]]
*1990 [[Myron Scholes|Myron S. Scholes]]
*1991 [[Robert Litzenberger|Robert H. Litzenberger]]

1993 [[Mark Rubinstein]]
*1992 [[Michael C. Jensen]]
*1993 [[Mark Rubinstein]]

1992 [[Michael C. Jensen]]
*1994 [[Sanford J. Grossman]]
*1995 [[Martin J. Gruber]]

1991 [[Robert Litzenberger|Robert H. Litzenberger]]
*1996 [[Eduardo Schwartz|Eduardo S. Schwartz]]
*1997 [[Hayne Leland|Hayne E. Leland]]

1990 [[Myron Scholes|Myron S. Scholes]]
*1998 [[Ed Elton|Edwin J. Elton]]
*1999 [[Hans Stoll|Hans R. Stoll]]

*2000 [[Franklin Allen]]
1989 [[Michael Brennan (finance)|Michael J. Brennan]]
*2001 [[George Constantinides|George M. Constantinides]]

1988 [[Stephen Ross (economist)|Stephen A. Ross]]
*2002 [[Maureen O'Hara (professor)|Maureen O'Hara]]
*2003 [[Douglas Diamond|Douglas W. Diamond]]

1987 [[Richard Roll]]
*2004 [[René M. Stulz]]
*2005 [[John Y. Campbell]]

1986 [[Robert C. Merton]]
*2006 [[Richard C. Green]]
*2007 [[Kenneth French|Kenneth R. French]]

1985 [[Fischer Black]]
*2008 [[Jeremy C. Stein]]
*2009 [[Darrell Duffie|J. Darrell Duffie]]

1984 [[James C. Van Horne]]
*2010 [[John H. Cochrane]]
*2011 [[Raghuram G. Rajan]]

*2012 [[Sheridan Titman]]
1983 [[Stewart Myers|Stewart C. Myers]]
*2013 [[Robert Stambaugh]]

1982 [[Harry Markowitz|Harry M. Markowitz]]
*2014 [[Luigi Zingales|Luigi G. Zingales]]
*2015 [[Patrick Bolton]]

1981 [[Franco Modigliani]]
*2016 [[Campbell Harvey]]
*2017 [[David Scharfstein]]

1980 [[William F. Sharpe]]
*2018 [[Peter DeMarzo]]
*2019 [[David Hirshleifer]]

*2020 [[Kenneth Singleton]]
1979 [[Edward Kane|Edward J. Kane]]
*2021 [[John Graham (economist)|John Graham]]

*2022 Laura Starks
1978 [[Burton Malkiel|Burton G. Malkiel]]
*2023 [[Markus Brunnermeier]]

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 202: 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 below contains all living 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.
As non past president of the American Finance Association, elected Fellows of the American Finance Association are following:

2014 [[Albert S. Kyle|Albert S. “Pete” Kyle]]

2013 [[Bengt R. Holmström]]

2012 [[Andrei Shleifer]]

2011 [[Milton Harris (professor)|Milton Harris]]

2010 [[Douglas T. Breeden]]

2009 [[Richard Thaler|Richard H. Thaler]]

2008 [[John C. Cox]]

2007 [[Lars Peter Hansen]]

2006 [[Robert Shiller|Robert J. Shiller]]

2005 [[Robert F. Engle]]

2004 [[Robert Lucas, Jr.|Robert E. Lucas, Jr.]]

2003 [[Kenneth Arrow|Kenneth J. Arrow]]

2002 [[Paul Samuelson|Paul A. Samuelson]]

2001 [[Eugene Fama|Eugene F. Fama]]


==Prizes and awards==
==Prizes and awards==
Line 242: Line 240:
Annually, the [[Brattle Prize]]s are awarded annually for outstanding papers on [[corporate finance]] at its annual meeting.
Annually, the [[Brattle Prize]]s are awarded annually for outstanding papers on [[corporate finance]] at its annual meeting.


=== Smith Breeden Prizes ===
=== Dimensional Fund Advisors Prizes ===
Annually, the association awards the [[Smith Breeden Prize]]s 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 ===


AFA has established a new bi-annual finance award to be granted based on an individual's career achievements in outstanding thought leadership in the field of financial economics. Formally it is the '''[[Morgan Stanley]]-American Finance Association Award for Excellence in Finance'''. The Award began in 2008 and will continue for 5 bi-annual periods. There shall only be one recipient of the Award in any bi-annual period. [[Eugene Fama|Eugene F. Fama]] and Michael C. Jensen are among the winners so far.
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 257: Line 255:


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


[[Category:Professional associations based in the United States]]
[[Category:Business and finance professional associations]]
[[Category:Economics societies]]
[[Category:Economics societies]]
[[Category:Learned societies of the United States]]
[[Category:Organizations established in 1939]]
[[Category:Organizations established in 1939]]
[[Category:1939 establishments in the United States]]
[[Category:1939 establishments 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

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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

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  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".
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