FINANCE est la revue de l'Association Française de Finance.

Compte tenu de son caractère international, la revue publie des articles rédigés en anglais et son actualité est disponible en langue anglaise.

"Finance" aims at covering all aspects of finance with financial economics, financial management, corporate finance, quantitative finance, financial econometrics, mathematical finance, international finance, banking finance, behavioral finance, entrepreneurial finance (and so) in mind. The list of interesting subjects is extremely large: Asset Pricing, Corporate Governance, Financial Markets, Financial Institutions and Banking (management, intermediation and regulation), Risk Management, Financial Distress and Bankruptcy, Ethics and Sustainability, Derivatives, Insurance, Macrofinance, Market Microstructure, Portfolio & Asset Management, Private Equity, Real Estate Finance, etc.

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Our editorial team welcomes high quality research across all the fields of finance. The content of the research may be theoretical, empirical or mixed. The journal uses double-blind review meaning that both authors and referees are anonymous. In addition, a desk rejection policy prevents waste of time for all parties. Our acceptance rate is about 15% (incuding the desk rejection policy).

Authors of accepted papers may find below information about their articles. Accepted papers are published along a FIFO policy.

'Finance ' is referenced

  • in various ranking/quality lists of academic journals such as CNRS, HCERES, FNEGE, ECONLIT, HARZING, ABDC Journal Quality List, SCOPUS, etc and
  • on various platforms such as Econpapers IDEAS/REPEC and ECONPAPERS.

It is considered by google.scholar and consequently by the Harzing "Publish or Perish" software. According to the Harzing's PoP software (and by using the ISSN number of 'Finance'), the h-index of 'Finance' is 15 (over the largest period) and 7 (when restricted to the 2012-2014 period). Similarly, the g-index is respectively 24 and 12.

 ISSN : 0752-6180
ISSN on-line : 2101-0145
Former title: Revue de l'Association Française de Finance (1980-1981).
Title: Finance (1982 - ...).
Publisher: Presses Universitaires de Grenoble

Published in 2020

Jean-Christophe Statnik (Université de Lille), Thi-Le-Giang Vu (Université de Lille),
"Does corruption impact the demand for bank credit? A study of discouraged borrowers in Asian developing countries", Finance, 41(3)

Jean-Louis Bertrand (ESSCA), Miia Chabot (ESSCA),
"Stock returns and weather: The case of European listed energy firms", Finance, 41(3)

Karima Bouaiss (Université de Lille), Carine Girard-Guerraud (Audencia Business School), Constantin Zopounidis (Audencia Business School),
"Bankruptcy of ECF-funded firms: Evidence from France", Finance, 41(3)

Sophie Béreau (UNamur), Jean-Yves Gnabo (UNamur), Henri Vanhomwegen (UNamur),
"Making a Difference: European Mutual Funds Distinctiveness and Peers’ Performance", Finance, 41(2)

Philippe Dupuy (GEM), Michel Albouy (GEM), Christophe Bonnet (GEM), Safwan Mchawrab (GEM),
"Cash Holdings and the Selection Effect in the Eurozone", Finance, 41(2)

Jean-François Carpantier (Aix-Marseille Université), Christelle Sapata (Université Paris-Est Créteil Val de Marne),
"The Ups and Downs of European Real Estate Markets’ Integration", Finance, 41(2)

Dejan Glavas (Agence Française de Développement),
"Green Regulation and Stock Price Reaction to Green Bond Issuance", Finance, 41(1)

Patrice Fontaine (EUROFIDAI), Tristan Roger (Université Paris-Dauphine),
"A re-examination of analysts’ differential target price forecasting ability", Finance, 41(1)

Philippe Cogneau (HEC Liège), Georges Hübner (HEC Liège),
"International Mutual Funds Performance and Persistence across the Universe of Performance Measures", Finance, 41(1)

Published in 2019

Hayne Leland (Berkeley Haas), Dirk Hackbarth (Questrom School of Business),
"Debt Maturity and the Leverage Ratcheting Effect", Finance, 40(3)

Hayne Leland (Berkeley Haas),
"Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk", Finance, 40(3)

Ulrich Hege (TSE), Pierre Mella-Barral (TBS Business School),
"Bond Exchange Offers or Collective Action Clauses?", Finance, 40(3)

David C. Shimko (NYU Tandon), "Long-Term Project Valuation in Capital-Constrained Firms", Finance, 40(3)

Franck Moraux (Université de Rennes 1),
"On Bankruptcy Procedures and the Valuation of Corporate Securities", Finance, 40(3)

Thomas Renault (Université Paris 1 Panthéon-Sorbonne), Roland GILLET (Université Paris 1 Panthéon-Sorbonne),
"When machines read the Web: market efficiency and costly information acquisition at the intraday level", Finance, 40(2)

Patricia Charléty (ESSEC), Marie-Cécile Fagart (Université Paris Descartes), Saïd Souam (Université Paris-Nanterre),
"Mandatory Voting, Large Shareholder Power, and Wolf Packs", Finance, 40(2)

Olessia Caillé (Université d'Orléans), Daria Onori (Université d'Orléans),
"Conditional Risk-Based Portfolio", Finance, 40(2)

Louis Raffestin (Université de Bordeaux),
"Endogenous crashes in the foreign exchange market: a theoretical model", Finance, 40(1)

Anna Calamia (TBS Business School), Laurent Deville (EDHEC BS), Fabrice Riva (Université Paris-Dauphine),
"Liquidity provision in ETF markets: The basket and beyond", Finance, 40(1)

Stefano Nasini (IÉSEG School of Management), Deniz Erdemlioglu (IÉSEG School of Management),
"Multiple channels of financial contagion: an empirical analysis of stock price dynamics", Finance, 40(1)


Published in 2018

Bernd Hanke (Global Systematic Investors LLP), Garrett Quigley (Global Systematic Investors LLP), David Stolin (Toulouse Business School), Maxim Zagonov (Toulouse Business School)
"Institutional Trading and Near-Term Stock Returns", Finance, 39(3)

Francois-Eric Racicot (Telfer School of Management, University of Ottawa), William F. Rentz (Telfer School of Management, University of Ottawa), Raymond Theoret (École des sciences de la gestion, Université du Québec à Montréal)
"Testing the new Fama and French factors with illiquidity: A panel data investigation", Finance, 39(3)

Guillaume Baechler (Université Toulouse 1 Capitole), Laurent Germain (Toulouse Business School)
"A literature review on Neurofinance", Finance, 39(2)

Nicolas Aubert (Aix-Marseille Université), Yacine Bekrar (Toulon University), Niaz Kammoun (Aix Marseille Université)
"Financial decisions of the financially literate", Finance, 39(2)

François Desmoulins-Lebeault (Grenoble Ecole de Management), Jean-François GAJEWSKI (Université Jean Moulin de Lyon 3, IAE Lyon school of Management, Magellan), Luc Meunier (Grenoble Ecole de Management)
"What can we learn from Neurofinance?", Finance, 39(2)

Werner De Bondt (Driehaus College of Business, DePaul University), Marie Pfiffelmann (LaRGE Research Center, EM Strasbourg Business School, University of Strasbourg,) and Patrick Roger (LaRGE Research Center, EM Strasbourg Business School, University of Strasbourg)
"Richard Thaler: the anomalies of life", Finance, 39(1)

Romain Boulland (ESSEC Business School)
"Analysts' stickiness, over-reaction and drift", Finance, 39(1)

Fabrice Hervé (IAE DIJON - CREGO - Université de Bourgogne) and Armin Schwienbacher (SKEMA Business School - Université Côte d'Azur)
"Round-Number Bias in Investment: Evidence from Equity Crowdfunding", Finance, 39(1)

Marie-Hélène Broihanne (LaRGE Research Center, EM Strasbourg Business School, University of Strasbourg), Hava Orkut (LaRGE Research Center, EM Strasbourg Business School, University of Strasbourg)
"Investment goals and mental accounting in French retail clients", Finance, 39(1)

Published in 2017

Muhammad Farooq Ahmad (IÉSEG School of Management), Christof Beuselinck (IÉSEG School of Management and LEM), Helen Bollaert (SKEMA Business School - Université Côte d'Azur)
"Employment Protection and Payout Policy ", Finance, 38(3)

Olivier BRUNO (Université Côte d'Azur, CNRS, GREDEG, SKEMA), Eric Nasica (Université Côte d'Azur, CNRS, GREDEG), André CARTAPANIS (Sciences Po Aix, CHERPA, et GREDEG, Université Côte d'Azur-CNRS)
"Modelling bank leverage and financial fragility under the new minimum leverage ratio of Basel III regulation", Finance, 38(3)

Sami Attaoui (NEOMA BS), Moez Bennouri (MRM), Imen Mejri (NEOMA BS)
"Performance-Sensitive Debt: A New Mechanism", Finance, 38(2)

Catherine D'Hondt (Louvain Finance (IMMAQ)), Patrick Roger (LaRGE Research Center)
"Investor Sentiment and Stock Return Predictability : The power of ignorance", Finance, 38(2)

Christophe Moussu (ESCP), Arthur Petit-Romec (SKEMA BS)
"ROE in Banks: Performance or Risk Measure? Evidence from Financial Crises", Finance, 38(2)

Selma Boussetta (CRM, University of Toulouse Capitole)
"Competition in Exchanges and Reputational Concerns", Finance, 38(1)

Olesya V. Grishchenko (Division of Monetary Affairs, Federal Reserve Board), Eduard Dubin (House of Finance, Goethe University), Vasily Kartashov (House of Finance, Goethe University)
"Habit Formation Heterogeneity : Implications for Aggregate Asset Pricing", Finance, 38(1)

Saqib Aziz (Rennes School of Business) et Jean-Jacques Lilti (University of Rennes 1, CREM UMR CNRS 6211)
"Bank Deregulation, Consolidation and Stability : Evidence on U.S. M&A centric activity", Finance, 38(1)

Published in 2016

Linus Siming (Audencia Business School, France)
"Government Awards as Economic Instruments of Governance ", Finance, 37(3)

David Ardia (Univ. Neuchâtel, Suisse), Kris Boudt (Vrije Universiteit Brussel, Belgium), Marjan Wauters (KU Leuven, Belgium)
"Smart beta and CPPI performance ", Finance, 37(3)

Igor Salitskiy (Vienna University of Economics and Business, Austria)
"Recent Trends in Executive Compensation : Are They