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Welcome
Welcome to the homepage of The American Finance Association (AFA): the premier academic organization devoted to the study and promotion of knowledge about financial economics.

 

AFA News:

NEW! Morgan Stanley Prize for Excellence in Financial Markets Morgan Stanley has established a prize to reward excellence in financial research by doctoral students at 20 participating universities. To apply, students must submit a single-authored finance paper by October 1, 2010. For more information on this prize, click here.

2011 Student Travel Grants This year the Association will offer up to 120 travel grants of $1,500 each to doctoral students to help defray the costs of attending our Annual Meeting to be held in Denver, Colorado.  Any current AFA member in the U.S. or abroad is invited to nominate one student, whom he or she has taught or supervised, to be considered for this award. Please click on the header above for more details.

AFA History Project Videos of 12 interviews in the AFA Masters of Finance series and 4 videos of lectures on the History of Financial Thought. are available on the History of Finance page. For more information on these interviews and lectures, please click on the header above and scroll down.

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Meetings, Conferences, and Research Support:

NEW! March 2, 2011 - March 5, 2011 CALL FOR PAPERS AND PARTICIPATION
Institution: 2011 ANNUAL MEETING OF THE MIDWEST FINANCE ASSOCIATION
For more information click on the event header above; for an event web site click here

NEW! January 7, 2011 - January 8, 2011 International conference on innovation and change for survival and growth
Institution: Management development Institute, India and University of Connecticut, USA
For more information click on the event header above; for an event web site click here

NEW! April 7, 2011 - April 9, 2011 European Financial Management Conference on Alternative Investments
Institution: York University Schulich School of Business
For more information click on the event header above; for an event web site click here

NEW! August 22, 2010 Best Paper Competition
Institution: Bogazici University and Istanbul Stock Exchange of Turkey
For more information click on the event header above; for an event web site click here

NEW! December 14, 2010 PhD Forum as part of the Australasian Finance and Banking Conference
Institution: Australian School of Business
For more information click on the event header above; for an event web site click here

NEW! January 8, 2011 - January 9, 2011 Call for Papers: The Tenth International Accounting Conference on Global Financial Meltdown & Recovery: Changing Paradigm of Accounting & in collaboration with International Association for Accounting Education and Research (IAAER)
Institution: The Indian Accounting Association Research Foundation (IAARF)
For more information click on the event header above; for an event web site click here

NEW! January 27, 2011 - January 28, 2011 Call for Papers: 3rd Annual Conference on Hedge Funds - Market intermediaries, financial markets, and the real economy
Institution: CREST-INSEE and HEC Paris
For more information click on the event header above; for an event web site click here

NEW! July 27, 2010 - September 29, 2010 Annual Hawaii International Business Research Confernece
Institution: World Business Institute
For more information click on the event header above; for an event web site click here

June 25, 2010 - September 15, 2010 Editorship: Journal of Financial Research
Institution: SFA/SWFA
For more information click on the event header above; for an event web site click here

Call for Papers: The 5th Conference on Asia-Pacific Financial Markets (CAFM)
Institution: Korean Securities Association
For more information click on the event header above; for an event web site click here

April 13, 2011 - April 16, 2011 EFA Annual Meeting
Institution: Eastern Finance Association
For more information click on the event header above; for an event web site click here

June 10, 2011 Research Conference on Financial Networks
Institution: Geneva Finance Research Institute
For more information click on the event header above; for an event web site click here

December 18, 2010 - December 19, 2010 Conference
Institution: Financial Research Association
For more information click on the event header above; for an event web site click here

June 1, 2010 - September 30, 2010 Call for Papers: Financial Services Policy Reform
Institution: Networks Financial Institute at Indiana State University
For more information click on the event header above; for an event web site click here

December 11, 2010 - December 12, 2010 The 6th International Conference on Asian Financial Markets
Institution: Graduate School of Economics, Nagasaki University
For more information click on the event header above; for an event web site click here

October 28, 2010 Call for Papers: Conference on Lifecycle Finance, Insurance and Economics
Institution: The Individual Finance and Insurance Decisions (IFID) Centre
For more information click on the event header above; for an event web site click here

November 12, 2010 Academic Conference
Institution: University of Delaware Lerner College of Business and Economics
For more information click on the event header above; for an event web site click here

November 11, 2010 - November 13, 2010 International Conference on Financial Sector Reforms and the Indian Economy
Institution: British Northern Universities India Forum(BNUIF) & Indian Institute of Management(Kozhikode)
For more information click on the event header above; for an event web site click here

April 15, 2011 - April 17, 2011 Risk and Insurance Conference
Institution: University of Guelph
For more information click on the event header above; for an event web site click here

September 28, 2010 - September 29, 2010 OSC/SEC 2010
Institution: Infonex
For more information click on the event header above; for an event web site click here

November 27, 2010 - November 28, 2010 First Academic Summit on Valuation and Financial Modeling
Institution: Symbiosis centre for Management and Human Resource Development
For more information click on the event header above; for an event web site click here

December 19, 2010 - December 20, 2010 Tel Aviv Finance Conference
Institution: Tel Aviv University
For more information click on the event header above; for an event web site click here

Call for Papers: Special Issue on Emerging Capital Markets
Institution: Korean Securities Association
For more information click on the event header above; for an event web site click here

Best Paper Competition
Institution: Bogazici University and Istanbul Stock Exchange of Turkey
For more information click on the event header above; for an event web site click here

December 15, 2010 - December 17, 2010 International Research Forum
Institution: The Hong Kong Polytechnic University
For more information click on the event header above; for an event web site click here

January 12, 2011 - January 13, 2011 Campus for Finance - Research Conference 2011
Institution: WHU - Otto Beisheim School of Management
For more information click on the event header above; for an event web site click here

September 16, 2010 - September 18, 2010 European Journal of Finance / Journal of Business Ethics Joint Special Issue Conference with Michael Jensen Keynote
Institution: York University Schulich School of Business
For more information click on the event header above; for an event web site click here

May 8, 2010 - August 8, 2010 Summer Research Conference 2010 in Finance
Institution: Centre for Analytical Finance, Indian School of Business
For more information click on the event header above; for an event web site click here

September 23, 2010 - September 24, 2010 Liquidity and Liquidity Risks conference
Institution: Deutsche Bundesbank, EBC, and EBS
For more information click on the event header above; for an event web site click here

September 3, 2010 Conference on Managerial Compensation
Institution: Cardiff University
For more information click on the event header above; for an event web site click here

August 30, 2010 - August 31, 2010 Workshop on Microfinance Management and Governance
Institution: Centre for International Banking, Insurance and Finance
For more information click on the event header above; for an event web site click here

Call for Book Chapter Proposals
Institution: Elon University, Elon, North Carolina
For more information click on the event header above; for an event web site click here

December 15, 2010 - December 17, 2010 23rd Australasian Finance and Banking Conference
Institution: School of Banking and Finance, Australian School of Business, UNSW
For more information click on the event header above; for an event web site click here

September 24, 2010 - September 26, 2010 Northern Finance Association Conference
Institution: University of Manitoba
For more information click on the event header above; for an event web site click here

October 28, 2010 - October 29, 2010 Swissquote Conference on Interest Rate and Credit Risk
Institution: Ecole Polytechnique Fédérale de Lausanne (EPFL)
For more information click on the event header above; for an event web site click here

October 14, 2010 - October 16, 2010 Symposium on International Corporate Finance and Governance
Institution: University of Twente, The Netherlands
For more information click on the event header above; for an event web site click here

August 14, 2010 - August 15, 2010 Edwards Symposium on Corporate Governance
Institution: University of Saskatchewan
For more information click on the event header above; for an event web site click here

Call for Papers
Institution: Journal of Corporate Finance
For more information click on the event header above; for an event web site click here

July 29, 2010 - July 31, 2010 10th Brazilian Finance Conference
Institution: Fundação Getulio Vargas - Sao Paulo
For more information click on the event header above; for an event web site click here

November 18, 2010 - November 19, 2010 XVIII Finance Forum
Institution: Spanish Finance Association
For more information click on the event header above; for an event web site click here

June 29, 2010 - July 2, 2010 Asian Finance Association (AsianFA) 2010 International Conference
Institution: The Asian Finance Association (AsianFA)
For more information click on the event header above; for an event web site click here

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Annual Meeting:

The 2011 Annual Meeting will be held January 7-9, 2011 in Denver, CO with Raghuram Rajan as Program Chair. Submissions closed March 16. The AFA sessions will be held in the Denver Marriott City Center Hotel. After September 14, meeting registration and hotel reservations may be made at the AEA web site, www.vanderbilt.edu/aea. Go to the Annual Meeting page for links to 2011 Annual Program Documents.

 

Forthcoming Articles
NEW!   Are Options on Index Futures Profitable for Risk Averse Investors? Empirical Evidence
  George M. Constantinides, Michal Czerwonko, Jens Carsten Jackwerth, and Styliano
NEW!   New: Which CEO Characteristics Matter
  Steven N. Kaplan, Mark M. Klebanov, and Morten Sorensen
NEW!   The Causal Impact of Media in Financial Markets
  Christopher A Parsons and Joseph E Engelberg
NEW!   Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act
  Dhammika Dharmapala, C. Fritz Foley, and Kristin J. Forbes
NEW!   Public Information and Coordination: Evidence from a Credit Registry Expansion
  Andrew Hertzberg, Jose Maria Liberti, and Daniel Paravisini
NEW!   Municipal Debt and Marginal Tax Rates: Is there a Tax Premium in Asset Prices?
  Francis A. Longstaff
NEW!   Private Equity and Long-Run Investment: The Case of Innovation
  Josh Lerner, Morten Sorensen, and Per Stromberg
NEW!   Intermediated Investment Management
  Neal M. Stoughton, Youchang Wu, and Josef Zechner
NEW!   Do Individual Investors Have Asymmetric Information Based on Work Experience?
  Trond M. Døskeland and Hans K. Hvide
NEW!   The Illiquidity of Corporate Bonds
  Jack Bao, Jun Pan, and Jiang Wang
NEW!   The Interim Trading Skills of Institutional Investors
  Andy Puckett and Xuemin (Sterling) Yan
NEW!   The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Public Care Aversion from Bequest Motives
  John Ameriks, Andrew Caplin, Steven Laufer, and Stijn Van Nieuwerburgh
NEW!   Financial Distress and the Cross Section of Equity Returns
  Lorenzo Garlappi and Hong Yan
  Explaining the Magnitude of Liquidity Premia: The Roles of Return Predictability, Wealth Shocks and State-dependent Transaction Costs
  Anthony W. Lynch and Sinan Tan
  Style Related Comovement: Fundamentals or Labels?
  Brian H. Boyer
  Institutional Trade Persistence and Long-Term Equity Returns
  Amil Dasgupta, Andrea Prat, and Michela Verardo
  Collateral, Risk Management, and the Distribution of Debt Capacity
  Adriano A. Rampini and S. Viswanathan
  Employee Stock Options and Investment
  Ilona Babenko, Michael Lemmon, and Yuri Tserlukevich
  The Cost of Debt
  Jules H. van Binsbergen, John R. Graham, and Jie Yang
  Why Are CEOs Rarely Fired? Evidence from Structural Estimation
  Lucian A. Taylor

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