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A Note from Bill Christie, Editor, Financial Management

I am delighted to have been asked to serve as Editor of Financial Management, and I am grateful to Lemma Senbet, Alex Triantis and Jim Seward for making the transition so painless. We all owe the three of them a great debt of gratitude for their dedication to the journal and for being instrumental in advancing the reputation of Financial Management.

I am also fortunate to be joined by an outstanding set of colleagues who have agreed to serve in an advisory capacity, helping to map strategy and think through the many issues that face the journal. The Advisory Board is composed of Jeff Coles, John Graham, Mike Lemmon, and Jay Ritter.

A number of Associate Editors are rolling off the editorial board this year, and I wish to recognize them and thank them for their service to the journal. Achieving Emeritus status are Franklin Allen, Bernard Dumas, Laurie Hodrick, Steven Kaplan, Alan Kraus, Volislav Maksimovic, Robert McDonald, Anthony Saunders, Eduardo Schwartz, Chester Spatt, Anjan Thakor, and Peter Tufano. Thanks to each of you for your work on behalf of Financial Management and the FMA.

I am delighted to welcome a new group of Associate Editors who have agreed to serve on the editorial board starting with the Spring 2006 issue. I am grateful for their enthusiasm and willingness to work to continue improving the quality and impact of the articles we publish. Joining the editorial board are Reena Aggarwal, Brad Barber, Benjamin Esty, Laura Field, Gustavo Grullon, Karl Lins, Anil Shivdasani, Kumar Venkataraman, and Sunil Wahal. Welcome aboard!

Those of you who have been kind enough to serve as referees during the past few months will have noticed that Financial Management has changed the incentive structure for producing timely and thoughtful referee reports. Beginning late last year, referee’s who return their report within 3 weeks of electronic receipt and offer author(s) constructive feedback on improving their paper (even if simultaneously recommending rejection) will receive payments of $150. Similar reports received within five weeks receive $100. These increased honorariums have generally been effective in achieving the goals of providing a timely response to author(s) and offering feedback that author(s) can use to improve the quality of their work.

Finally, Financial Management has adopted a fully web-based interface to manage the submission of papers and referee reports. This will aid to further reduce turnaround times and provide the editorial office with a more efficient means of managing and evaluating the entire process. Author(s) and reviewers also will have access to all the materials related to their submission as it moves through the editorial process.

William Christie
Vanderbilt University

Editorial Board

Executive Editor
William G Christie
Vandberbilt University

Advisory Editors
Jeffrey Coles, Arizona State University
John Graham, Duke University
Michael Lemmon, University of Utah
Jay Ritter, University of Florida

Associate Editors
Reena Aggarwal, Georgetown University
Brad Barber, UC Davis
Robert Dammon, Carnegie Mellon University
Benjamin Esty, Harvard Business School
Laura Field, Penn State University
Stuart Gilson, Harvard Business School
Gustavo Grullon, Rice University
Ravi Jagannathan, Northwestern University
Karl Lins, University of Utah
David Mauer, Southern Methodist University
Stewart Myers, MIT
Mitchell Peterson, Northwestern University
Annette Poulsen, University of Georgia
Mark Ready, University of Wisconsin Madison
Henri Servaes, London Business School
Dennis Sheehan, Penn State University
Anil Shivdasani, UNC Chapel Hill
Laura Starks, University of Texas Austin
Hans Stoll, Vanderbilt University
Robert Taggart, Boston College
Kumar Venkataraman, Southern Methodist University
Sunil Wahal, Arizona State University
Michael Weisbach, University of Illinois
Andrew Winton, University of Minnesota