World's Best Scientists 2026 revealed!
Review of Financial Studies
H-index 49

Review of Financial Studies

0893-9454

Published by: Oxford University Press

https://academic.oup.com/rfs

Ranking & Metrics

Discipline name Position Best Scientists Publications D-Index
Economics and Finance 8 163 189 49

Additional Metrics

Number of Best Scientists*: 172
Documents by Best Scientists*: 192
Top 100 Ranked Scientists*: 16
SCIMAGO H-index: 250
SCIMAGO SJR: 16.546
Impact Factor: 5.4

Overview

Top Research Topics at Review of Financial Studies?

The main research concerns discussed in the journal are Monetary economics, Econometrics, Financial economics, Finance and Market liquidity. The Monetary economics works featured in it incorporate elements from Asset (economics), Equity (finance), Shareholder, Investment (macroeconomics) and Debt. The field of Corporate governance is the anchor for the Shareholder studies presented in Review of Financial Studies.

While work presented in it provided substantial information on Econometrics, it also covered topics in Bond and Portfolio.

  • Monetary economics (28.91%)
  • Econometrics (19.13%)
  • Financial economics (16.75%)

What are the most cited papers published in the journal?

  • A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (6680 citations)
  • Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (6670 citations)
  • Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test (2884 citations)

Research areas of the most cited articles at Review of Financial Studies:

The published papers mainly tackle studies in Financial economics, Econometrics, Monetary economics, Volatility (finance) and Portfolio. While work presented in the journal papers provide substantial information on Econometrics, it also covers topics in Asset (economics), Stock market and Interest rate. The most cited publications with studies in Monetary economics featured incorporate elements of Debt, Earnings, Investment (macroeconomics) and Shareholder.

What topics the last edition of the journal is best known for?

  • Law
  • Finance
  • Statistics

The previous edition focused in particular on these issues:

The objective of the journal is to combine knowledge in the areas of Monetary economics, Econometrics, Market liquidity, Asset (economics) and Finance. Earnings, Capital (economics), Investment (macroeconomics) and Debt are some topics wherein Monetary economics research discussed in it have an impact. In addition to Econometrics research, Review of Financial Studies aims to explore topics under Variance (accounting) and Stock market.

The work on Market liquidity addressed in Review of Financial Studies expands to the thematically related Financial system. The journal links adjacent topics like Asset (economics) with Systematic risk.

The most cited articles from the last journal are:

  • The Macroeconomics of Epidemics (254 citations)
  • Risks and Returns of Cryptocurrency (80 citations)
  • Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home (77 citations)

Papers citation over time

A key indicator for each journal is its effectiveness in reaching other researchers with the papers published at that venue.

The chart below presents the interquartile range (first quartile 25%, median 50% and third quartile 75%) of the number of citations of articles over time.

The top authors publishing in Review of Financial Studies (based on the number of publications) are:

  • René M. Stulz (18 papers) published 2 papers at the last edition,
  • Avanidhar Subrahmanyam (14 papers) published 2 papers at the last edition,
  • Viral V. Acharya (14 papers) published 1 paper at the last edition,
  • David Hirshleifer (13 papers) absent at the last edition,
  • John M. Griffin (13 papers) absent at the last edition.

The overall trend for top authors publishing in this journal is outlined below. The chart shows the number of publications at each edition of the journal for top authors.

Only papers with recognized affiliations are considered

The top affiliations publishing in Review of Financial Studies (based on the number of publications) are:

  • New York University (132 papers) published 13 papers at the last edition, 9 more than at the previous edition,
  • University of Pennsylvania (120 papers) published 11 papers at the last edition, 8 more than at the previous edition,
  • University of Chicago (106 papers) published 11 papers at the last edition the same number as at the previous edition,
  • University of Michigan (89 papers) published 5 papers at the last edition, 2 more than at the previous edition,
  • Columbia University (87 papers) published 8 papers at the last edition, 2 more than at the previous edition.

The overall trend for top affiliations publishing in this journal is outlined below. The chart shows the number of publications at each edition of the journal for top affiliations.

Publication chance based on affiliation

The publication chance index shows the ratio of articles published by the best research institutions in the journal edition to all articles published within that journal. The best research institutions were selected based on the largest number of articles published during all editions of the journal.

The chart below presents the percentage ratio of articles from top institutions (based on their ranking of total papers).Top affiliations were grouped by their rank into the following tiers: top 1-10, top 11-20, top 21-50, and top 51+. Only articles with a recognized affiliation are considered.

During the most recent 2021 edition, 2.46% of publications had an unrecognized affiliation. Out of the publications with recognized affiliations, 30.81% were posted by at least one author from the top 10 institutions publishing in the journal. Another 17.68% included authors affiliated with research institutions from the top 11-20 affiliations. Institutions from the 21-50 range included 26.77% of all publications and 24.75% were from other institutions.

Returning Authors Index

A very common phenomenon observed among researchers publishing scientific articles is the intentional selection of journals they have already attended in the past. In particular, it is worth analyzing the case when the authors participate in the same journal from year to year.

The Returning Authors Index presented below illustrates the ratio of authors who participated in both a given as well as the previous edition of the journal in relation to all participants in a given year.

Returning Institution Index

The graph below shows the Returning Institution Index, illustrating the ratio of institutions that participated in both a given and the previous edition of the conference in relation to all affiliations present in a given year.

The experience to innovation index

Our experience to innovation index was created to show a cross-section of the experience level of authors publishing in a journal. The index includes the authors publishing at the last edition of a journal, grouped by total number of publications throughout their academic career (P) and the total number of citations of these publications ever received (C).

The group intervals were selected empirically to best show the diversity of the authors' experiences, their labels were selected as a convenience, not as judgment. The authors were divided into the following groups:

  • Novice - P < 5 or C < 25 (the number of publications less than 5 or the number of citations less than 25),
  • Competent - P < 10 or C < 100 (the number of publications less than 10 or the number of citations less than 100),
  • Experienced - P < 25 or C < 625 (the number of publications less than 25 or the number of citations less than 625),
  • Master - P < 50 or C < 2500 (the number of publications less than 50 or the number of citations less than 2500),
  • Star - P ≥ 50 and C ≥ 2500 (both the number of publications greater than 50 and the number of citations greater than 2500).

The chart below illustrates experience levels of first authors in cases of publications with multiple authors.

Educational Backgrounds of Notable Authors

An incredible facet often missed when discussing academic journals is the educational background of the authors contributing to them. These authors, many of whom have completed some of the most prestigious financial studies programs, contribute immensely to the high-quality research published. A significant portion of the authors featured in the "Review of Financial Studies" hail from North Dakota. This isn't surprising considering that North Dakota offers an array of quality financial studies programs. For instance, you can find some of the best accounting programs in North Dakota, producing many scholars and professionals who progress to contribute to premier journals such as the "Review of Financial Studies". By investigating, acknowledging, and discussing the authors' educational backgrounds, we enhance our understanding of the diverse skill sets and knowledge streams contributing to these research studies. This insight can augment our appreciation for these studies, highlighting how experience and comprehensive education pave the way for groundbreaking financial research.

Top Publications

  • The Importance of Climate Risks for Institutional Investors

    Philipp Krueger;Zacharias Sautner;Laura T Starks

    (2020)
    2361 Citations
  • Get Real! Individuals Prefer More Sustainable Investments

    Rob Bauer;Tobias Ruof;Paul Smeets

    (2021)
    594 Citations
  • Risks and Returns of Cryptocurrency

    (2020)
    572 Citations
  • Climate Finance

    Unknown

    (2020)
    473 Citations
  • The Macroeconomics of Epidemics

    Unknown

    (2021)
    459 Citations

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Best Scientists Contributing to This Journal