We strongly recommend that submitting authors 1) peruse past issues of the journal in order to become familiar with the quality and composition of articles appearing in the journal, 2) motivate the main idea clearly and early in the paper, and 3) avoid submitting papers that have not been well vetted and/or professionally copy edited. Adhering to the above suggestions will improve the likelihood that your submission will enter the full review process, thus increasing the likelihood of being published in the journal.
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- Manuscripts should follow the Chicago Manual of Style.
- Please edit manuscripts carefully, writing in the active voice. Avoid expressions such as “This paper tests.” Do not use italics to indicate emphasis.
- Eliminate excess verbiage and avoid redundancies. In the introduction do not describe the contents of the subsequent sections.
- On the title page, include the title, author’s name, author’s affiliation, and a footnote that includes any acknowledgements. Double-space all text, including abstract, footnotes, and references.
- Include a single-paragraph abstract of no more than 100 words after the title page. Place JEL classification code(s) after the abstract.
- Use footnotes instead of endnotes. Keep number and length of footnotes to a minimum.
- Center primary headings, using Roman numerals. Begin subsection headings at the left margin.
- Tables should be able to stand alone. Make column headings descriptive and easily understood. Define all variables and abbreviations.
- 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.
- Present each table or figure on a separate page. Figures accepted for publication must be available in electronic form.
- Cite selectively in the text. Do not string cite. Cite references in the text by placing the publication date in parentheses, for example:
- Bernanke, Reinhart, and Sack (2004) find . . .
- or: Several researchers (e.g., Brunnermeier and Pederson 2009; Jensen and Moorman 2010) report . . .
- List source references alphabetically at the end of the manuscript using the format shown below. Do not list any reference not cited in the text. When citing several publications that appear in the same year by the same author(s), add a, b, c, etc. to the publication date.
- Jensen, G. R., and T. Moorman, 2010, Inter-temporal variation in the illiquidity premium, Journal of Financial Economics 98, 338–58.
- Cochrane, J. H., 2005, Asset Pricing (Princeton University Press, Princeton, NJ).
- Lambert, R., and D. Larcker, 2004, Stock options, restricted stock, and incentives, Working Paper, University of Pennsylvania.