The Journal of Financial Economics (JFE), was established in 1974 by leading economists Michael C. Jensen, Eugene F. Fama, and Robert C. Merton to provide a dedicated forum for high-quality research in corporate finance, asset pricing, financial markets, and related areas of economics. From its earliest years, the journal gained prominence not only for the quality of its publications but also for its pioneering editorial practices, such as publishing transparency statistics on editorial performance and compensating referees for prompt reviews—measures that enhanced both efficiency and academic rigor. Over nearly five decades, JFE has been guided by a succession of notable editors, including long-serving Managing Editor G. William Schwert (1995–2021), followed by David Hirshleifer, and currently Toni Whited. More
