39. Finance

Description of Publication: Financial Management

Established in 1970, the FMA is a global leader in developing and disseminating knowledge about financial decision making. The mission of the FMA is to broaden opportunities for professional interaction between and among academicians, practitioners, and students; to promote the development and understanding of basic and applied research and of sound financial practices, and to enhance the quality of education in finance. FMA has an excellent Web site and serves as one of the most comprehensive links to financial information available on the Internet.

According to its editor, Financial Management (FM) serves both academicians and practitioners who are concerned with the financial management of nonfinancial businesses, financial institutions, and public and private not-for-profit organizations. FM's editorial policy is designed to promote interest and knowledge of issues in management and decision making at the company level. The principal criteria are originality, rigor, currency, practical relevance, and clarity. It is an excellent research source. The Web site also has a listing of career centers that FM works with at various universities. An example of an article from FM is "Resolution of Financial Distress: Debt Restructuring via Chapter 11, Prepackaged Bankruptcies and Workouts," by Sris Chatterjee, Upinder Dhillon, and Gabriel Ramirez. ("Financially distressed firms select a debt restructuring method based on the degree of their leverage, the severity of their liquidity crisis, the extent of creditor coordination, and magnitude of their financial distress".)

A second publication you should look into (but will not be covered here for space considerations) is Financial Practice and Education. The following four journals written with differing perspectives are offered as insight for the aspiring young financier to better recognize his or her calling:

1. The Journal of Banking and Finance (ISSN 0378-4266) is a monthly publication, the aim of which is to provide an outlet for the increasing flow of scholarly research concerning financial institutions and the money and capital markets within which they function. The emphasis is primarily on applied and policy-oriented research. The Journal is thus intended to improve communications between, and within, the academic and other research communities and those members of financial institutions, both private and public, national and international, who are responsible for operational and policy decisions. You can contact the Journal at (212) 633-3730; or fax: (212) 633-3680; or e-mail: usinfo-f@elsevier.com.

2. The following is an abstract from The Review of Financial Studies (ISSN 0893-9454), which gives a good example of the subject matter and writing from this periodical:
   "The Performance of Japanese Mutual Funds."

If you would like information on this type of financial journal, call Oxford University Press at (919) 677-0977 or (800) 852-7323; fax: (919) 677-1714; or e-mail: jnlorders@oup.co.uk.

3. Another journal to consider is the Journal of Financial Markets, which publishes high-quality original research on applied and theoretical issues related to securities trading and pricing. The area of coverage includes the analysis and design of trading mechanisms, optimal order placement strategies, the role of information in securities markets, financial intermediation as it relates to securities investments-for example, the structure of brokerage and mutual fund industries, and analyses of short- and long-run horizon price behavior. The journal strives to maintain a balance between theoretical and empirical work. If that description interests you, call Editor Bruce Lehmann at (619) 534-0945; or fax: (619) 534-3939, or e-mail: blehmann@ucsd.edu.

4. The Journal of Finance (ISSN 0022-1082) is the official publication of the American Finance Association and is published five times a year, in March, June, July, September, and December. The Journal of Finance is an esoteric publication that primarily serves the needs of the academic community. Theory and conceptualization are the goals of the publication. The Journal is somewhat lengthy and the pages serialized to run in sequence with each issue. Each book is broken down into "Articles," "Shorter Papers," "Book Reviews," and "Miscellanea." Each article is abstracted to quickly introduce the reader to the essential character of the message. Also given are sections for dates, place and program for association meetings; announcements; style instructions; book advertisements; and calls for papers. An example of an article is "Time Variations and Covariations in the Expectation and Volatility of Stock Market Returns," by Robert F. Whitelaw.

Another source of economic information comes from the 12 Federal Reserve Banks across the nation. The Board of Governors of the Federal Reserve System can be reached at (202) 452-3244 in Washington, DC. The Federal Reserve Bank of New York, (212) 720-6134 (www.ny.frb.org) is somewhat unique in its operational responsibilities and is worth a special look. The Federal Reserve Bank of Atlanta's Economic Review (see also Chapter 22) will be used here as an example. It presents analysis of economic and financial topics relevant to Federal Reserve policy (e.g. "To Call or Not to Call? Optimal Call Policies for Callable U.S. Treasury Bonds," by Robert R. Bliss and Ehud I. Ronn). The publication presents its findings in a format understandable to the nonspecialist. If interested, call (404) 521-8020. Also, the bank invites visits on the Internet, www.frbatlanta.org, and provides information on, among other things:

• Economic education
• Conferences / speeches
• Dollar index
• Press releases
• Southeast manufacturing survey
• Information about the bank

For an additional international financial perspective, see Global Finance (Chapter 41), and The Financial Times (Chapter 42).

www.fma.org
fma@bsn01.bsn.usf.edu

Financial Management

quarterly publication
For more information, call: the Financial Management Association International -FMA- at the University of South Florida,
Phone (813) 974-2084
Fax (813) 974-3318

In this section:

32. Trade Journals
33. Business Law
34. Marketing
35. Advertising
36. Management
37. Human Resources
38. Organizations
39. Finance

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