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Executive Editor: Matthew Spiegel ♦ Editors: Geert Bekaert, Paolo Fulghieri, Alexander Ljungqvist, Laura Starks, Pietro Veronesi, Michael Weisbach
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News

March 11, 2010:

It appears that our database code has ceased running properly. Until the problem is fixed the acceptance rate you see on the home page will be substantially off. It is actually about 8.8% not the 3+% shown now.

March 8, 2010:

Should the RFS adopt a policy requiring authors to make their data available to the profession as a condition of publication? There are many pros and cons to this. Prior to adopting a policy, if any, we would welcome an opportunity to obtain your views in the RFS Forum.

December 28, 2009:

All of the decision letters for the Utah Winter Finance Conference dual submission papers have now gone out. If you are expecting to receive one and have not then please contact Matthew Spiegel at your earliest convenience.

December 8, 2009:

The Utah Winter Finance Conference reviews have been forwarded to the RFS. We hope to have decisions out prior to the New Year. Unfortunately, at this point that cannot be guaranteed. The editor in charge of the reviews, Matthew Spiegel, will soon be on the road for two weeks. But he has promised to work on processing the 100+ submissions from the conference as quickly as possible.

Send comments regarding this web page to Matthew Spiegel.



Turnaround:
Mean: 55.26 days
Median: 49 days
Total Submissions
(since 03/13/09): 1130
Acceptance Rate: 7.79%

Conference Announcements
Entrepreneurial Finance and Innovation Conference
June 14-15, 2010
The Inn at Harvard
Boston, MA
SUBMISSION DEADLINE: March 15

Texas Finance Festival
April 30 - May 1, 2010
AT&T Executive Education and Conference Center
Austin, TX
SUBMISSION DEADLINE: February 1, 2010


COLOR Pages!
The RFS publishes pages in color! You can include figures for free in the PDF files posted at Oxford University's web page Advanced Access. If you want some or all of the figures to appear in color in the printed version as well there is a service fee of $600 per figure. This just covers the journal's costs.
Forthcoming in the RFS

Executive Compensation: A New View from a Long-Term Perspective, 1936–2005
by Carola Frydman and Raven E. Saks

We analyze the long-run trends in executive compensation using a new dataset of top officers of large firms from 1936 to 2005. The median real value of compensation was remarkably flat from the late 1940s to the 1970s, revealing a weak relationship between pay and aggregate firm growth. By contrast, this correlation was much stronger in the past thirty years. This historical perspective also suggests that compensation arrangements have often helped to align managerial incentives with those of shareholders because executive wealth was sensitive to firm performance for most of our sample. These new facts pose a challenge to several common explanations for the rise in executive pay since the 1980s.

 

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