Society for Financial Studies

The Society for Financial Studies (SFS) is a nonprofit, academic society in the field of finance. It owns and runs three academic journals: (1) the Review of Financial Studies, (2) the Review of Asset Pricing Studies, and (3) the Review of Corporate Finance Studies. It organizes the SFS Cavalcade North America and the SFS Cavalcade Asia-Pacific, which are annual academic conferences. It financially supports and co-sponsors many independent finance academic conferences. Its governing board is the nine-member, SFS Council.

The Society for Financial Studies was incorporated as a nonprofit corporation in California in 1987. Its initial purpose was to own and run a new academic journal, which was called the Review of Financial Studies (RFS). The founding officers of SFS were Joseph Williams (President), George Constantinides (Vice President), and Mark Weinstein (Secretary/Treasurer). The founding editor of the Review of Financial Studies was Michael Brennan. The founding publisher was Oxford University Press, which has continued to publish RFS up to the present day.

The Review of Financial Studies is an academic journal that covers the field of finance. It began publication in 1988 with 18 regular research articles spread out over 4 quarterly issues. In 2016, it published 90 regular research articles spread out over 12 monthly issues. According to Journal Citation Reports, it has a 2015 citation impact factor of 3.119. It is one of the top-three academic journals in finance, along with the Journal of Finance and the Journal of Financial Economics. Its past issues are archived by JSTOR. The current editorial team is Andrew Karolyi (Executive Editor), Francesca Cornelli, David Denis, Itay Goldstein, Robin Greenwood, Wei Jiang, Philip Strahan, and Stijn Van Nieuwerburgh.

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