Editorial Aims and Scope

Editorial Aims

The Journal of Law, Finance, and Accounting offers an outlet for high-quality empirical and theoretical scholarly work at the intersection of law, finance, and accounting. This includes research examining how law and regulation affect the structure, governance, performance, and function of firms, markets, and institutions that comprise the financial system, as well as research that addresses the different ways capital is raised and the links between financial markets and the real economy. This interdisciplinary research area is referred to as “law and finance” although relevant work comes from scholars whose principal home may be in accounting, economics, or political science.

There is already significant research effort devoted to topics within this interdisciplinary space. Areas of inquiry include:

  • corporate governance
  • the effect of legal and regulatory policy on financial firms, products, and markets
  • the impact of changes of law and regulation (including accounting standards and practices) on how financial markets and institutions function
  • how law, finance, accounting, and advanced economies co-evolve
  • the effects of financial markets on innovation, economic growth, and macro-economic stability
  • the political economy of financial market regulation.

In the aftermath of the financial crisis, high-quality, policy-relevant research on financial markets and institutions is especially important. Even so, opportunities to publish this integrative work in major field journals are scarce. One of the major goals of the JLFA is the creation of a central forum where the implications of such interdisciplinary research for public policy may be explored and debated. The JLFA is sponsored by the NYU Stern School of Business, the NYU School of Law, and KPMG. It is published by Now Publishers and co-hosted by the Social Science Research Network (SSRN).

Editorial Scope

Topics of interest include, but are not limited to:

  • The impact of the structure of the legal system — including legal origins, procedural rules, and the legal environment in general, on the evolution of financial contracts, financial markets, business enterprises and business groups.
  • The impact of particular legal and market institutions, including accounting, on financial markets and corporate actions, and innovation, economic growth and stability.
  • The co-evolution of the legal rules and market institutions that govern financial sector activity, that activity itself, and the nature of the broader economy and financial markets.
  • The regulation, organization, and performance of financial institutions.
  • The relationships between the structure and performance of financial institutions, and the performance of these institutions and the overall performance of financial markets and economies.
  • The interplay between legal rules, accounting regulations, corporate governance, firm performance, cost of equity and debt capital, financial market performance, and economic performance.
  • The political economy of the regulation of corporate governance, financial institutions, and financial markets.
  • Accounting, finance, and legal issues concerning ownership and property.