Why Researchers Choose Review of Financial Studies for High-Impact Publications
The Review of Financial Studies stands as a cornerstone in the field of finance, offering a platform for innovative research that shapes economic theory and practice. Established in 1988 by the Society for Financial Studies and published by Oxford University Press, this journal has evolved into one of the most respected outlets for scholarly work in business and economics. Its rigorous peer-review process ensures that only the highest-quality manuscripts are published, making it a preferred choice for academics aiming to contribute to the discourse on financial markets, corporate governance, and investment strategies.
With a focus on empirical and theoretical advancements, the Review of Financial Studies publishes articles that advance understanding in areas such as asset pricing, behavioral finance, and international finance. Researchers value its commitment to methodological excellence and relevance to real-world financial challenges. The journal's influence extends beyond academia, informing policy decisions and industry practices globally. Its quarterly issues feature cutting-edge papers that often become seminal references in the field.
For those in business and economics, submitting to this journal means joining an elite community of scholars. The publication's emphasis on originality and impact helps authors build robust portfolios for tenure and promotions. Explore opportunities in finance jobs or connect with peers via Rate My Professor to enhance your network. As you consider your next publication, review the detailed guidelines to align your work with the journal's standards.
Whether you're investigating market anomalies or developing new models for risk assessment, the Review of Financial Studies provides the visibility needed to amplify your findings. Its archival stability ensures long-term accessibility through Oxford University Press's digital platforms. Researchers often cite the journal's role in fostering interdisciplinary dialogue between economics and finance. To stay ahead in your career, check the academic calendar for key deadlines and events.
Overview & History
The Review of Financial Studies was founded in 1988 to promote high-quality research in financial economics. Sponsored by the Society for Financial Studies, it quickly gained prominence for its focus on rigorous, innovative scholarship. Over the decades, it has published landmark papers that have influenced financial theory and practice worldwide. Published quarterly by Oxford University Press, the journal maintains a global readership among academics, policymakers, and practitioners. Its evolution reflects the dynamic nature of finance, adapting to emerging topics like fintech and sustainable investing while upholding traditional strengths in corporate finance and market microstructure.
Scope and Disciplines Covered
The journal encompasses a broad yet focused scope within finance and economics. It welcomes submissions on theoretical models, empirical analyses, and experimental studies that contribute to financial knowledge. Key areas include asset pricing, corporate finance, market microstructure, behavioral finance, and international finance.
| Discipline | Description |
|---|---|
| Corporate Finance | Topics on capital structure, dividends, and governance. |
| Asset Pricing | Models for risk, returns, and portfolio management. |
| Market Microstructure | Trading mechanisms, liquidity, and information asymmetry. |
| Behavioral Finance | Investor psychology and market anomalies. |
| International Finance | Exchange rates, capital flows, and global markets. |
Key Journal Metrics
| Metric | Value | Source |
|---|---|---|
| Impact Factor (2022) | 7.360 | Clarivate JCR |
| 5-Year Impact Factor | 8.120 | Clarivate JCR |
| CiteScore | 12.5 | Scopus |
| h-Index | 142 | Scopus |
| Acceptance Rate | Approximately 8% | Publisher data |
Indexing and Abstracting
The Review of Financial Studies is indexed in major databases, ensuring wide visibility. It appears in Clarivate Web of Science, Scopus, and EconLit. Abstracting services include JSTOR and RePEc, facilitating easy access for researchers worldwide. This comprehensive coverage enhances citation potential and discoverability.
Publication Model and Fees
As a hybrid journal, it offers subscription-based access with an open access option via Oxford Open. There are no article processing charges (APCs) for standard publication, though page charges may apply for non-members of the Society for Financial Studies. Authors retain copyright under a standard license, with gold open access available for a fee of around $4,000.
Submission Process and Guidelines
Submissions are handled electronically through the journal's online portal at the official site. Manuscripts must be original, unpublished, and follow the journal's style guide, including double-spacing and anonymized reviews. The process involves initial screening, peer review (typically 3-6 months), and revisions. Detailed guidelines emphasize clarity, novelty, and empirical robustness. For more on academic publishing, visit academic publishing roles.
Editorial Board Highlights
The editorial team comprises leading experts in finance. Editor-in-Chief is Campbell R. Harvey from Duke University, supported by associate editors from top institutions like Harvard, Stanford, and the University of Chicago. Their diverse expertise ensures balanced, high-standard reviews. Board members often contribute to special issues on emerging topics.
Why Publish in Review of Financial Studies?
Publishing here offers unparalleled prestige and reach. With a high impact factor, articles garner significant citations, boosting author profiles. The journal's selectivity signals quality to hiring committees and grant reviewers. It also provides opportunities for networking through Society for Financial Studies events. For career advancement, explore tenure-track positions.
Comparison with Similar Journals
| Journal | Impact Factor | Focus | Acceptance Rate |
|---|---|---|---|
| Journal of Finance | 7.136 | Broad finance | ~6% |
| Journal of Financial Economics | 8.248 | Empirical finance | ~5% |
| Review of Financial Studies | 7.360 | Financial studies | ~8% |
| Journal of Finance and Quantitative Analysis | 4.387 | Quantitative methods | ~10% |
This comparison highlights RFS's competitive standing among elite finance journals.
Researcher Tips for Successful Submission
To succeed, ensure your paper addresses a clear research question with strong identification strategies. Use recent data and robust econometrics. Engage with the literature critically. Submit polished drafts and respond thoughtfully to reviewers. Track progress via the portal and consider pre-submission feedback from colleagues. For additional resources, see PhD programs in finance or finance conferences.