American Finance Association
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The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the Journal of Finance, was first published in 1946.
Mission
The purpose of the association is to:- Act as a mutual association of persons with an interest in finance
- Improve the public understanding of financial problems
- Provide for the exchange of financial ideas through the distribution of the Journal of Finance and other media
- Encourage the study of finance in colleges and universities
- Conduct other activities appropriate for a non-profit, professional society in the field of finance
Administration
The administration of the association is overseen by both officers and a board of advisors. All of these positions are held by faculty at various American universities. The board of directors rotates over time and assists in key decisions and policies. The acting president is David Pyle of Harvard University.Membership
The association currently has approximately 8,000 members who pay dues of $80 per year. The membership must be renewed every calendar year, and is obtained only through written application.A number of members are also distinguished in the Society of Fellows of the Association. These are members who have made significant contributions to the field of finance. This includes all living past presidents and all future presidents.
Annual meeting
An annual meeting of the association is held every year in January. The president speaks on a selected topic and there are presentations of various financial papers.The 2007 annual meeting will be held in Chicago, IL.
Fischer Black Prize
Biennially, the association awards the Fischer Black Prize at its annual meeting. The award, named in honor of economist Fischer Black, recognizes an outstanding young academic whose original research has made a significant contribution to the field of finance. The inaugural winner of the award in 2003 was Raghuram Rajan.
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