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Journal of Finance Names Duke Professor Campbell R. Harvey as Editor

Note to editors: A photo of Campbell Harvey is available at: http://www.fuqua.duke.edu/news/images/News & Events/News Releases/camharvey.jpg

October 19, 2005

Durham, NC -- Campbell R. Harvey, the J. Paul Sticht Professor of International Business at Duke University’s Fuqua School of Business, has been named editor of the Journal of Finance. His term as editor will begin July 1, 2006.

The Journal of Finance is the leading scientific journal in the field of finance and is the official publication of The American Finance Association. Published six times each year, it is the most widely cited academic journal in finance and the second-most cited in all of economics. Each issue of the journal reaches more than 8,000 academics, finance professionals, libraries, government and financial institutions around the world.

“It is a tremendous honor and recognition to have one of our most distinguished faculty members serve as editor of the Journal of Finance,” said Douglas T. Breeden, William T. Priest Professor of Finance and Dean of The Fuqua School of Business. “The person holding this position is a very important intellectual gatekeeper for the field of finance. Cam is on the cutting edge of financial research and I have every confidence that his term as editor will be a period of continued excellence and growth for the journal. I am also thrilled that this will make Duke University the first place that many financial researchers send their research for publication.”

Harvey is widely known for his work in portfolio management and global risk management. His research on the implications of changing risk and the dynamics of risk premiums for tactical asset allocation has been published in the top academic and practitioner journals. He is also recognized for his surveys of corporate chief financial officers.

"I am delighted that Campbell Harvey will take over the editorship of the Journal of Finance next year," said Professor John Y. Campbell, Morton L. and Carole S. Olshan Professor of Economics at Harvard University and the current president of the American Finance Association.  "The editor's responsibility is to maintain the intellectual standards of the finance profession.  Cam has the energy, experience, and seriousness needed for this vital task."

Harvey received his Ph.D. in business finance from the University of Chicago and has been a member of the Fuqua faculty since 1986. In addition to his faculty role at Duke, he is a research associate of the National Bureau of Economic Research (NBER) in Cambridge , MA , and has served as a visiting scholar to the Board of Governors of the Federal Reserve System.

Harvey is a former member of the Board of Directors of the American Finance Association and is vice-president of the Western Finance Association. In the past, he served as an associate editor of the Journal of Finance and as co-editor of the Review of Financial Studies.

“My goal is to keep the journal on its current path and to try to make it even more innovative,” said Harvey . “Handling over 1,000 scientific papers a year is a daunting task and will take most of my professional time. Of course, I am very excited about the opportunity to serve the profession.”

Harvey was selected as Editor by a search committee formed by The American Finance Association. As editor of the Journal of Finance, he and a team of associate editors will be responsible for review of more than 1,000 papers submitted to the journal annually.

Harvey succeeds outgoing editor Robert Stambaugh, the Ronald O. Perelman Professor of Finance at the University of Pennsylvania ’s Wharton School.