The European Finance Association (EFA) was created in 1974 under the auspices of the European Foundation for Management Development (EFMD) and in close cooperation with the European Institute for Advanced Studies in Management (EIASM).
The aim of the Association is to provide a professional society for academics and practitioners with an interest in research areas such as financial management and financial theory along with their applications. EFA serves a community of members working in Europe and elsewhere in the world, providing a network for targeted dissemination of information and exchange at the international level.
The European Finance Association's EFA Annual Meeting provides a convivial and professional yearly forum for networking, as well as a coveted opportunity to present and share research work in the greater field of Finance. The first EFA Annual Meeting was held in 1974 at the Centre d'Enseignement Supérieur des Affaires (CESA). Since then, many more EFA annual conferences have been organised in various cities (mainly in Europe and occasionally abroad). Every year since the early 1990s, EFA and EIASM jointly organise a one-day EFA-EIASM Doctoral Tutorial in Finance for PhD students which takes place immediately prior to the official opening of the EFA conference. Over the years, a variety of Best Paper Awards have been presented at the EFA Annual Meeting.
In 2004, the European Finance Review acquired a new name and a new Editorial Board (which has since evolved). As of January 2012, Franklin Allen is the Managing Editor of the Review of Finance. Former editors Marco Pagano and Josef Zechner are delighted that Prof. Allen was eager to accept this role, and are confident that under his guidance the journal will make further impressive progress. The intention is to firmly establish the Review of Finance (RoF) as a leading finance journal, competing worldwide with the top journals for the best articles in the field, aiming at a wide circulation and visibility amongst professionals and practitioners alike. The Editorial Board is thus committed to matching the standard of the very best international finance journals. The editorial policy of the RoF is guided by two main criteria: quality and innovation. A high-quality paper will not be turned down on the basis of being controversial or in a field outside the mainstream of Finance. In fact, submissions of high-quality papers in all areas of financial economics are welcomed: established areas such as asset pricing, corporate finance, banking and market microstructure – but also newly developing fields such as law and finance, behavioural finance, and experimental finance. EFA now owns the Review of Finance outright and works closely with its publisher partner Oxford Journals at Oxford University Press (OUP) to manage the RoF and circulate member subscriptions of its flagship journal.
To keep the EFA community informed of finance-related research activities, conferences, tutorials, and other selected events of relevance, the Association occasionally sends general announcements via e-mail, offers a members-only e-bulletin board service (at the discretion of the EFA Chair), and regularly updates its websites. The EFA Online JobMarket (also publicly accessible via the EIASM and associated websites) is a simple yet practical (and free!) internet self-service tool for employers to post job vacancies and opportunities in the field of Finance – intended especially to target young scholars and practitioners seeking employment in the early stages of their careers, among other potential candidates.
The EIASM Doctoral Education Network (EDEN) annually organises the EDEN Programme, a selection of intensive courses and relevant seminars designed for doctoral students, offered throughout the year. A core subject area of the EDEN Programme is Finance. The faculty teaching EDEN courses are all affiliated with leading international institutions.