Journal of Financial Economics

Pay Submission Fees Using PayPal


G. William Schwert
Managing Editor, Journal of Financial Economics


Effective July 1, 2004, the submission fee schedule is:

  1. For subscribers to the JFE, $500
  2. For non-subscribers to the JFE, $550.

As always, fees on the last submission are refunded for accepted papers. Resubmissions are generally required to pay another fee unless the editor explicitly waives this requirement. Submission fees are also refunded when, in the editor's judgment, the delay in providing a report and decision letter is abnormally long. Submission fees involved in disputes between authors and referees will also be adjusted (see the JFE web page for more information).

The Two-stage Review Process

I will screen all submissions and determine whether, even if the claims of the authors are correct, the topic of the paper is of sufficiently broad interest to warrant publication in the JFE. If I determine that the paper does not meet that standard, I will send a quick rejection letter and refund all but $100 of the submission fee. The submitting author will receive no referee's report and there will be no right of appeal.

My goal is to have fewer referees' reports that merely say "this paper is OK, but just not interesting/broad enough for the JFE." This outcome is expensive for authors, referees, and editors, and the feedback received by authors typically does not improve their papers very much.


Authors who are personal subscribers, pay $500 submission fee:
Authors who are personal subscribers, who have one submission coupon, pay $333.33 submission fee:
Authors who are personal subscribers, who have two submission coupons, pay $166.67 submission fee:
Authors who are not personal subscribers, pay $550 submission fee:
Authors who are not personal subscribers, who have one submission coupon, pay $366.67 submission fee:
Authors who are not personal subscribers, who have two submission coupons, pay $183.33 submission fee:
Authors who have to pay the $100 "quick rejection" submission fee:

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Last Updated on 10/9/2007