Scott Hein, Jeffery Mercer, and Drew Winters, Past Co-Executive Editors of the Journal of Financial Research, have selected two articles deemed to be outstanding.

From the Spring 2018 issue, “The Effects of Mutual Funds on M&A Compensation” written by Patty Bick and Matthew D. Crook.  The authors study how mutual funds influence firm behavior around an acquisition through votes against management proposals.

From the Fall 2018 issue, “An Examination of 13F Filings” written by Anne Anderson and Paul Brockman.  This study examines Form 13F institutional holdings and finds evidence of reporting discrepancies that can be significant for the users of such filings.

We congratulate the authors of both papers and thank all who choose the JFR as their primary outlet in which to publish high quality research in finance.