Asian Review of Financial Research (ARFR) invites scholarly research papers in all areas of financial economics. ARFR is a quarterly academic journal sponsored by Korean Finance Association, and it has been in continuous publication since 1988. Manuscripts must be written in English, and they should be submitted by e-mail to journal@korfin.org. Submitted papers will be reviewed and referred for eventual publication. Every year editorial board review and select up to five best papers among accepted papers, which will be awarded US$2,500 each.