Journal of Financial Research

Cover image for Vol. 40 Issue 1

Edited By: Scott E. Hein, Jeffrey M. Mercer, and Drew B. Winters

Online ISSN: 1475-6803

Author Guidelines

Authors are advised to read "Important Information from the Executive Editors" at before submitting an article. Articles submitted to the Journal of Financial Research should be sent to as two unprotected pdf files. One file should contain the complete article with the title page and author information. The second file should exclude all author information (for blind review purposes). Payment of submission fees can be made by credit card, debit card, or electronic funds transfer, at Submission fees are $150 for members of the Southern Finance Association or Southwestern Finance Association, or $200 for non-members (which includes a one-year subscription to the Journal of Financial Research). You will receive an email receipt from after payment.

Beginning January 1, 2014, the JFR will no longer refund the submission fee for desk rejected papers. Furthermore, we will continue our practice of not providing any comments on desk rejections. Additionally, the submission fees will be $150 for members of SFA/SWFA, and $200 for non-members. The $50 difference provides membership and a one year subscription to the JFR.

Guidelines for manuscripts:
1.Manuscripts should follow the Chicago Manual of Style.
2.In general, manuscripts should follow The Chicago Manual of Style.
3.Please edit manuscripts carefully, writing in the active voice. Avoid expressions such as "This paper tests." Do not use italics to indicate emphasis.
4.Eliminate excess verbiage and avoid redundancies. In the introduction do not describe the contents of the subsequent sections.
5.On the title page, include the title, author's name, author's affiliation, and personal footnote, if desired. Double-space all text, including abstract, footnotes, and references.
6.Include a single-paragraph abstract of no more than 100 words after the title page. Place JEL classification code(s) after the abstract.
7.Use footnotes instead of endnotes. Keep number and length of footnotes to a minimum.
8.Center primary headings, using Roman numerals. Begin subsection headings at the left margin.
9.Tables should be able to stand alone. Make column headings descriptive and easily understood. Define all variables and abbreviations.
10.Number tables and equations with Arabic numbers, and number figures with Roman numerals. Enclose equation numbers in parentheses and place them in the right margin.
11.Present each table or figure on a separate page. Figures accepted for publication must be available in electronic form.
12.Cite references in the text by placing the publication date in parentheses, for example:
Cornell, B., 1986, Inflation measurements, Inflation risk, and the pricing of Treasury bills , Journal of Financial Research 9, 193-202.
Cox, J. and M. Rubinstein, 1983, Option Markets (Prentice-Hall, Englewood Cliffs, NJ).
Ho, T.S.Y., 1985, The value of a sinking fund provision under interest-rate risk, in E. I. Altman and M.G. Subrahmanyan, eds.: Recent Advances in Corporate Finance (Irwin, Homewood , IL ).

Online Open

OnlineOpen is available to authors of primary research articles who wish to make their article available to non-subscribers on publication, or whose funding agency requires grantees to archive the final version of their article. With OnlineOpen, the author, the author's funding agency, or the author's institution pays a fee to ensure that the article is made available to non-subscribers upon publication via Wiley Online Library, as well as deposited in the funding agency's preferred archive. For the full list of terms and conditions, see


Any authors wishing to send their paper OnlineOpen will be required to complete the payment form available from our website at:


Prior to acceptance there is no requirement to inform an Editorial Office that you intend to publish your paper OnlineOpen if you do not wish to. All OnlineOpen articles are treated in the same way as any other article. They go through the journal's standard peer-review process and will be accepted or rejected based on their own merit.

Copyright Submission

If your paper is accepted, the author identified as the formal corresponding author for the paper will receive an email prompting them to login into Author Services; where via the Wiley Author Licensing Service (WALS) they will be able to complete the license agreement on behalf of all authors on the paper.

For authors signing the copyright transfer agreement

If the OnlineOpen option is not selected the corresponding author will be presented with the copyright transfer agreement (CTA) to sign. The terms and conditions of the CTA can be previewed in the samples associated with the Copyright FAQs below:

CTA Terms and Conditions

For authors choosing OnlineOpen

If the OnlineOpen option is selected the corresponding author will have a choice of the following Creative Commons License Open Access Agreements (OAA):

Creative Commons Attribution License OAA

Creative Commons Attribution Non-Commercial License OAA

Creative Commons Attribution Non-Commercial -NoDerivs License OAA

To preview the terms and conditions of these open access agreements please visit the Copyright FAQs hosted on Wiley Author Services and visit

If you select the OnlineOpen option and your research is funded by The Wellcome Trust and members of the Research Councils UK (RCUK) you will be given the opportunity to publish your article under a CC-BY license supporting you in complying with Wellcome Trust and Research Councils UK requirements. For more information on this policy and the Journal’s compliant self-archiving policy please visit: