Editorial

Citation

Johnson, D. (2009), "Editorial", Managerial Finance, Vol. 35 No. 1. https://doi.org/10.1108/mf.2009.00935aaa.001

Editorial

Article Type: Editorial From: Managerial Finance, Volume 35, Issue 1.

Welcome to the new Managerial Finance!

The Emerald Group became the publisher of Managerial Finance three years ago. Since then, they have installed a new editor and have begun widening the readership and scope of the journal. We have also created a new editorial board and a new, large pool of ad hoc reviewers. The predominant use of special issues has been replaced with a more traditional format of having predominantly regular issues with a few special issues each year. There will continue to be 12 issues published annually, usually with five papers per issue. By producing 60 papers per year, Managerial Finance will have the publication space to include research across a wide spectrum of financial topics as well as the critical mass to improve its influence within the finance field. Finally, Emerald has adopted the Manuscript Central online manuscript management system to improve the speed and convenience of the reviewing and publication processes for authors, reviewers, editor and publisher alike. Managerial Finance, continuously published since 1975, has been revamped and improved under Emerald and continues its 35 years of providing useful decision-making information to its readership.

In this first issue of the new Managerial Finance, we have five fine papers on a variety of financial topics. We begin this issue with an extremely well written paper by Evan, Pyles and Choo. They examine the role of large equity positions by institutions and block shareholders. In the second paper, Jabbour, Kramin and Young study second generational credit default swap instruments such as synthetic collateriazed debt obligations. This work is highly topical given that the ongoing financial meltdown in the USA and beyond was caused in substantial part by this type of instrument.

The third paper in this issue, by Jones, Fu and Tang, extends the existing body of work around calendar time anomalies by examining seasonal equity offerings and day-of-the-week effects. Comer, Larrymore and Rodriguez shed more light on hybrid mutual funds, an under-researched area, in the fourth paper. Finally, Laopodis reports findings concerning stock prices and real investments which may alter future research and practices in this area.

As demonstrated by the papers in this first issue, Managerial Finance remains a broad based, general finance journal, publishing topics across the entire finance field. However, we will continue to place special emphasis on topics which we believe will be of managerial, decision-making interest to the readership. We especially welcome papers written by practicing professionals. We hope to continue to publish works from authors throughout the world. The basic requirements for a paper to be published in Managerial Finance are that it be interesting and useful to someone, and that it be well written.

In summary, I hope to receive feedback from the readership and potential authors alike. I hope those making managerial decisions will read this publication because they find our content useful. And I hope authors will consider submitting their best research because of the quick, efficient and professional review process and because they can share their work with a large readership base. Happy writing!

Don Johnson

Further reading

Comer, G., Larrymore, N. and Rodriguez, J. (2009), “Measuring the value of active fund management: the case of hybrid mutual funds”, Managerial Finance, Vol. 35 No. 1, pp. 63–77.Evans, J., Pyles, M. and Choo, H. (2009), “Antitakeover techniques and corporate ownership structures”, Managerial Finance, Vol. 35 No. 1, pp. 6–24.Jabbour, G., Kramin, M. and Young, S. (2009), “Nth-to-default swaps: valuation and analysis”, Managerial Finance, Vol. 35 No. 1, pp. 25–47.Jones, T., Xudong, F. and Tang, T. (2009), “Day-of-the-week effects in the seasoned equity offering discount”, Managerial Finance, Vol. 35 No. 1, pp. 48–62.Laopodis, N. (2009), “Real investment and stock prices in the US”, Managerial Finance, Vol. 35 No. 1, pp. 78–100.