American Finance Association
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
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
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.[1][2][3][4][5]
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
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.[6]
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
Past and current presidents of the AFA
 | This section may require cleanup to meet Wikipedia's quality standards. The specific problem is: Dates in reverse chronological order, contrary to WP:DATELIST. List would be more compact if bulleted. (January 2021) |
2020 Kenneth Singleton
2019 David Hirshleifer
2018 Peter DeMarzo
2017 David Scharfstein
2016 Campbell Harvey
2015 Patrick Bolton
2014 Luigi G. Zingales
2013 Robert Stambaugh
2012 Sheridan Titman
2011 Raghuram G. Rajan
2010 John H. Cochrane
2009 J. Darrell Duffie
2008 Jeremy C. Stein
2007 Kenneth R. French
2006 Richard C. Green
2005 John Y. Campbell
2004 René M. Stulz
2003 Douglas W. Diamond
2002 Maureen O'Hara
2000 Franklin Allen
1999 Hans R. Stoll
1998 Edwin J. Elton
1997 Hayne E. Leland
1996 Eduardo S. Schwartz
1995 Martin J. Gruber
1994 Sanford J. Grossman
1993 Mark Rubinstein
1992 Michael C. Jensen
1990 Myron S. Scholes
1989 Michael J. Brennan
1988 Stephen A. Ross
1987 Richard Roll
1986 Robert C. Merton
1985 Fischer Black
1984 James C. Van Horne
1983 Stewart C. Myers
1982 Harry M. Markowitz
1981 Franco Modigliani
1980 William F. Sharpe
1979 Edward J. Kane
1978 Burton G. Malkiel
1976 Merton H. Miller
1975 Myron J. Gordon
1974 John Lintner
1973 Sherman J. Maisel
1972 Irwin Friend
1971 Joseph A. Pechman
1970 Lawrence S. Ritter
1969 Walter E. Hoadley[7]
1968 Harry C. Sauvain[7]
1967 Robert V. Roosa[7]
1966 J. Fred Weston[7]
1965 George Garvy[7]
1964 Roger F. Murray[7]
1962 Bion B. Howard[7]
1961 Arthur M. Weimer[7]
1959 James J. O'Leary[7]
1956 Miller Upton[7]
1955 Norris O. Johnson[7]
1954 Garfield V. Cox[7]
1952 Edward E. Edwards[7]
1950 Howard R. Bowen[7]
1949 Neil H. Jacoby[7]
1947 Lewis A. Froman[7]
1946 Harry G. Guthman[7]
1945 No President
1944 No President
1943 John D. Clark[7]
1940 Kenneth Field[7]
Fellows of the American Finance Association
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 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
Fischer Black Prize
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
Annually, the Brattle Prizes are awarded annually for outstanding papers on corporate finance at its annual meeting.
Dimensional Fund Advisors Prizes
Annually, the association awards the 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.
Morgan Stanley-AFA Award for Excellence in Finance
The 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.
Notes
- ^ "Google Scholar Metrics". scholar.google.com. Retrieved 2016-10-15.
- ^ 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.
- ^ 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.
- ^ "Academic Journal Guide 2015". Archived from the original on 2016-06-19. Retrieved 2016-10-15.
- ^ "Journal Rankings on Finance". www.scimagojr.com. Retrieved 2016-10-15.
- ^ https://ssrn.com/abstract=2503333
- ^ 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.