The Journal of Financial Economics (JFE), was established in 1974 by leading economists Michael C. JensenEugene F. Famaand Robert C. Merton to provide a dedicated forum for high-quality research in corporate financeasset pricingfinancial marketsand related areas of economics. From its earliest yearsthe journal gained prominence not only for the quality of its publications but also for its pioneering editorial practicessuch as publishing transparency statistics on editorial performance and compensating referees for prompt reviews—measures that enhanced both efficiency and academic rigor. Over nearly five decadesJFE has been guided by a succession of notable editorsincluding long-serving Managing Editor G. William Schwert (1995–2021)followed by David Hirshleiferand currently Toni Whited. More
