G. William Schwert: Difference between revisions
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G. William "Bill" Schwert (1949-present) is a retired [[University of Rochester]] [[Simon Business School]] finance professor who was the managing editor of the [[Journal of Financial Economics]] from 1996-2021, after previously serving as one of several editors. While managing editor, the annual number of journal submissions processed increased from approximately 325 in 1996 to 1,655 in 2021. In spite of the large number of submissions, the journal kept the median turnaround time to 28 days in 2020, largely by offering referees (peer reviewers) a financial incentive to complete a review in a timely manner. |
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'''G. William "Bill" Schwert''' is a retired{{cn|date=July 2024}} [[University of Rochester]] [[Simon Business School]] finance professor,<ref name=fma-fellows/> and was the managing editor of the ''[[Journal of Financial Economics]]'' (''JFE'') from 1996 to 2021,{{cn|date=July 2024|reason=Source needed for 2021 retirement}} after previously serving as one of several editors.<ref name=fma-fellows/> |
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Schwert graduated from [[Trinity College (Connecticut)|Trinity College]] in Hartford, Connecticut in 1971 and earned a PhD in financial economics from what is now the [[University of Chicago Booth School of Business]] in 1975.<ref>{{Cite web |last=Schwert |first=G. William |date=2024-05-24 |title=G. William Schwert |url=https://www.billschwert.com/Vita.pdf}}</ref>{{primary source inline|date=July 2024}} Aside from one year as an assistant professor at Chicago, he spent his entire career at Rochester's Simon School before being granted professor emeritus status in 2021. In 1998, he was named Distinguished University Professor of Finance and Statistics.{{cn|date=July 2024}} In 2009, he was named a Fellow of the Financial Management Association<ref name=fma-fellows>{{Cite web |last=FMA Fellows Program |date=June 4, 2024 |title=FMA Fellows Program |url=https://www.fma.org/index.php?option=com_content&view=article&id=60:fellow-program&catid=20:site-content |access-date=June 4, 2024 |website=Financial Management Association list of FMA Fellows}}</ref> and in 2019 he was named a Fellow of the [[American Finance Association]].<ref>{{Cite web |last=Fellows |date=June 4, 2024 |title=Fellows |url=https://afajof.org/fellows/ |access-date=June 4, 2024 |website=The American Finance Association Fellows}}</ref> |
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'''Publications''' |
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| ⚫ | As a researcher, Schwert's most influential publications concern the volatility of stock market prices. On Google Scholar, he has over 41,000 citations.<ref>{{Cite web |last=Schwert |first=G. William |date=2024-05-24 |title=Google Scholar |url=https://scholar.google.com/citations?user=0iBUM5wAAAAJ&hl=en&oi=ao |
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| ⚫ | As a researcher, Schwert's most influential publications concern the volatility of stock market prices. On Google Scholar, he has over 41,000 citations.<ref>{{Cite web |last=Schwert |first=G. William |date=2024-05-24 |title=Google Scholar |url=https://scholar.google.com/citations?user=0iBUM5wAAAAJ&hl=en&oi=ao }}</ref> His articles include |
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"Asset Returns and Inflation" (with [[Eugene Fama|Eugene F. Fama]]) ''Journal of Financial Economics'' 1977 |
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"Expected Stock Returns and Volatility" (with [[Kenneth French|Kenneth R. French]] and [[Robert F. Stambaugh]]) ''Journal of Financial Economics'' 1987 |
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"Why Does Stock market Volatility Change Over Time?" ''Journal of Finance'' 1989 |
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'''Journal of Financial Economics''' |
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In his years as managing editor of the ''JFE'', the annual number of journal submissions (including resubmissions) increased from approximately 325 in 1996 to 1,655 in 2021.<ref>{{Cite web |last=Schwert |first=G. William |date=2024-05-29 |title=The Remarkable Growth in Financial Economics, 1974-2020 |ssrn=3722311 |url=https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3722311 }}</ref>{{synthesis inline|reason=This statement implies that Schwert is responsible for this, but the paper (which he authored) does not necessarily reflect that.|date=July 2024}} In comparison, the number of submissions and resubmissions to the [[The Journal of Finance|''Journal of Finance'']] (''JF'') increased from approximately 1,000 in 1996 to 1,332 in 2020.<ref>{{Cite web |last=American Finance Association |date=2024-05-29 |title=Journal Statistics |url=https://afajof.org/journal-statistics/ }}</ref>{{Relevance inline|date=July 2024}} In spite of the large increase in the number of submissions, the ''JFE'' kept the median turnaround time to 28 days in 2020, largely by offering referees (peer reviewers) a financial incentive to complete a review in a timely manner. In comparison, in 2023, the ''JF'' had a median turnaround time of 50 days.<ref>{{Cite web |last=American Finance Association |date=June 5, 2024 |title=Journal Statistics |url=https://afajof.org/journal-statistics/ }}</ref> During this 25 year period, however, the ''JFE'' lost ground relative to the ''JF'' in the 2-year impact factor.<ref>{{Cite web |last=CountryOfPapers |date=June 5, 2024 |title=Top 15 Journals in Finance |url=https://countryofpapers.com/search-journals/top-15-journals-finance }}</ref> |
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==References== |
==References== |
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[[Category:Living people]] |
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[[Category:University of Rochester faculty]] |
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[[Category:University of Chicago Booth School of Business alumni]] |
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[[Category:20th-century American economists]] |
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Latest revision as of 12:33, 14 July 2024
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G. William "Bill" Schwert is a retired[citation needed] University of Rochester Simon Business School finance professor,[1] and was the managing editor of the Journal of Financial Economics (JFE) from 1996 to 2021,[citation needed] after previously serving as one of several editors.[1]
Schwert graduated from Trinity College in Hartford, Connecticut in 1971 and earned a PhD in financial economics from what is now the University of Chicago Booth School of Business in 1975.[2][non-primary source needed] Aside from one year as an assistant professor at Chicago, he spent his entire career at Rochester's Simon School before being granted professor emeritus status in 2021. In 1998, he was named Distinguished University Professor of Finance and Statistics.[citation needed] In 2009, he was named a Fellow of the Financial Management Association[1] and in 2019 he was named a Fellow of the American Finance Association.[3]
Publications
As a researcher, Schwert's most influential publications concern the volatility of stock market prices. On Google Scholar, he has over 41,000 citations.[4] His articles include
"Asset Returns and Inflation" (with Eugene F. Fama) Journal of Financial Economics 1977
"Expected Stock Returns and Volatility" (with Kenneth R. French and Robert F. Stambaugh) Journal of Financial Economics 1987
"Why Does Stock market Volatility Change Over Time?" Journal of Finance 1989
Journal of Financial Economics
In his years as managing editor of the JFE, the annual number of journal submissions (including resubmissions) increased from approximately 325 in 1996 to 1,655 in 2021.[5][improper synthesis?] In comparison, the number of submissions and resubmissions to the Journal of Finance (JF) increased from approximately 1,000 in 1996 to 1,332 in 2020.[6][relevant?] In spite of the large increase in the number of submissions, the JFE kept the median turnaround time to 28 days in 2020, largely by offering referees (peer reviewers) a financial incentive to complete a review in a timely manner. In comparison, in 2023, the JF had a median turnaround time of 50 days.[7] During this 25 year period, however, the JFE lost ground relative to the JF in the 2-year impact factor.[8]
References
[edit]- ^ a b c FMA Fellows Program (June 4, 2024). "FMA Fellows Program". Financial Management Association list of FMA Fellows. Retrieved June 4, 2024.
- ^ Schwert, G. William (May 24, 2024). "G. William Schwert" (PDF).
- ^ Fellows (June 4, 2024). "Fellows". The American Finance Association Fellows. Retrieved June 4, 2024.
- ^ Schwert, G. William (May 24, 2024). "Google Scholar".
- ^ Schwert, G. William (May 29, 2024). "The Remarkable Growth in Financial Economics, 1974-2020". SSRN 3722311.
- ^ American Finance Association (May 29, 2024). "Journal Statistics".
- ^ American Finance Association (June 5, 2024). "Journal Statistics".
- ^ CountryOfPapers (June 5, 2024). "Top 15 Journals in Finance".
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