Bhagwan Chowdhry, Executive Editor
Editorial: Who wouldn't like FAMe?
An All New World

The top academic finance and accounting journals collectively publish about 500 research articles every year. Even subscribers do not read most of them. Exposure of scholarly research to practitioners and policy makers is even more limited and sporadic. Once in a while, a journalist from The Economist, the Wall Street Journal, or the Financial Times features a research paper, generating a flurry of short-lived interest from many, a huge number of downloads, and fifteen minutes of fame for the authors. Most papers never receive such attention.

This is about to change.

Welcome to the inaugural issue of Finance & Accounting Memos (FAMe). FAMe is inviting authors of articles accepted for publication in top finance and accounting journals (and occasionally beyond) to write short versions of their articles in language that makes the main ideas and results more accessible to broader audiences. FAMe synopses should not be cut-and-paste from the abstract, introduction and conclusion of the original article but distill the paper's key propositions. This usually entails a few equations, numerical examples, key tables, or figures. FAMe is a “cross-over” journal/magazine = jagazine, clearly academic in nature, yet understandable by interested and smart non-academics. We strongly request of our readers that FAMe not be cited. All citations should go to the original journal articles instead in order to emphasize where the real research was published.

We believe that FAMe will make our academic journals, societies, and profession better. Papers, authors, and journals will garner more visibility, readership, and citations. Readers will find it easier to keep up with more research from beyond their own specific fields of interest. Doctoral students will find it easier to digest more current research quickly and efficiently. MBA students and practitioners will find academic research more accessible and relevant. (We hope professors will assign FAMe versions in their classes.) Journalists and policy makers will find it easier to access more research to guide public debate.

Of course, FAMe will only succeed if all of us collectively see value in it, contribute to it, and provide suggestions for improvement. Many thanks to all the authors who contributed to the inaugural issue—please spread the word and encourage your colleagues to write and submit for future issues of FAMe.

Many people helped make FAMe possible. We thank Ken Singleton (JF), Campbell Harvey (JF), Sheridan Titman (AFA), David Hirshleifer (RFS), Michael Weisbach (RFS), Wayne Ferson (RAPS), Paolo Fulghieri (RCFS), Matthew Spiegel (SFS), Bill Schwert (JFE), Paul Malatesta (JFQA), Hank Bessembinder (JFQA), Jarrad Harford (JFQA), Stephen Brown (JFQA), Ray Ball (JAR), Jerry Zimmerman (JAE), Ross Watts (JAE), Richard Sloan (RAST), Harry Evans (TAR) for their encouragement, support, and believing in what FAMe is trying to accomplish. Zac Rolnik and Mike Casey (NOW Publishers) helped brainstorm many useful suggestions for publishing FAMe. Ani Adzhemyan worked on the first version. Swati Desai and Lily Qiu were indispensable in FAMe production, art design and helped curate the paintings.

David Aboody, Amit Goyal and Ivo Welch as co-editors worked constantly with me on all aspects of FAMe. FAMe Associate Editors generously contributed their time and suggestions in reading the submissions and helped many authors rewrite their submissions. Without our day jobs and intellectual grounding at the Anderson School, the academic home of many of our editors and myself, we could not have undertaken our new venture. And finally, FAMe would not have seen the light of day, had it not been for Ivo Welch who not only prodded me to realize an idea that I had been discussing with many of you for years, but also underwrote the cost of developing and producing FAMe. In addition, he spent many hours designing and coding so that FAMe could be produced in formats suitable for printing (pdf), reading on tablets and e-readers (epub), and online web formats simultaneously. On behalf of myself and the profession, I offer my gratitude to Ivo.

Enjoy the inaugural issue of FAMe. FAMe is available both in print format and online, and is optimized for large-screen tablets. Incidentally, all paintings are generously hyperlinked—as are the FAMe memos—an invitation to explore deeper. Go look!


Bhagwan Chowdhry

Executive Editor




And do not forget to download issue #2 (corporate finance) at

It's available in pdf, html, and ebook format!