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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.

The purpose of the association is to:

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.

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.

The association currently has approximately 8,000 members who pay dues of $40 per year. The membership must be renewed every calendar year, and is obtained only through written application.

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. This includes all living past presidents and all future presidents.

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.


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