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Society for Financial Studies


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Volume 33 Issue 8 August 2020
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The Review of Financial Studies is a major forum for the promotion and wide dissemination of significant new research in financial economics …

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Why Does Equity Capital Flow out of High Tobin’s q Industries?
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Who Is Afraid of BlackRock?
Corporate Money Demand
Does Option Trading Have a Pervasive Impact on Underlying Stock Prices?
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Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches
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The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors
Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test
Market Liquidity and Funding Liquidity

Editor's Choice

Pricing Uncertainty Induced by Climate Change
Uncertainty and Economic Activity: A Multicountry Perspective
Monetary Transmission through Shadow Banks
On the Rise of FinTechs: Credit Scoring Using Digital Footprints


As the world struggles to deal with COVID-19 and its huge economic impact, OUP has pulled together a special collection on the causes and potential policy responses to major economic shocks and crises. Explore freely available content from our books, journals, and online content until September 2020.

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Highly Cited Articles


Read a collection of highly cited articles from The Review of Financial Studies.



The SFS Cavalcade is a three day conference covering all areas of finance. Our goal is to provide a setting that produces the kind of in-depth participation of a smaller conference while accommodating the variety of papers of a larger one. More information.

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The Review of Financial Studies is a major forum for the promotion and wide dissemination of significant new research in financial economics. Learn more about submitting your work.

Society for Financial Studies


The Review of Financial Studies is published on behalf of the Society for Financial Studies (SFS). To learn more, click here.

A subscription to the society's family of journals, including 获取科学上网客户端 - 推酷:2021-6-11 · 下载客户端,连接上网。 第一步本人写过“一些vps商家整理”可供参考;第二步“再谈科学上网”,用文中两三条命令即可部署好SS服务端。 本文针对第三步进行讨论:获取科学上网必须用到的客户端。 and The Review of Corporate Finance Studies, includes membership to the SFS.

highly cited


We are proud to announce that RFS Editor Ralph Koijen was recently awarded The Fischer Black Prize for 2019. This prestigious award is presented biennially to recognize a top finance researcher under age forty.

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