Call for Replications with Out-of-Period Extension

The Critical Finance Review is hereby soliciting "replications with out-of-period extensions" for prominent financial economics papers. Given that these replication-extensions are intended merely to update the sample to 2018 with the very same techniques used in the original paper, they should be uncontroversial.

To qualify, the original prominent paper must have been published before 2005 in a top-5 finance journal (or be a finance paper published in a top-5 economics journal), must have at least 500 cites in Google Scholar (and at least 50 cites per year in most recent years), and must have no prominent follow-up papers that have already documented the out-of-period performance between 2005 and 2018. (The extension must be novel!) The extended sample should add at least 10 years of novel data. If appropriate, the extended sample should also be truncated to exclude years before 1963. Inquire with the editor first if a paper almost but not fully fits these criteria.

The structure of these replication-extensions is set. They must first replicate the key results of the original paper as closely as possible (same technique, sample, data, etc.). They should explain and quote the original paper's key table and numbers next to their replicated numbers. They should then repeat the analysis with the novel extended sample. The submission should end with assessments (1) whether the original associations have continued stably beyond publication, and (2) whether the original results should be considered obsolete as of 2018, given the combined original and extended sample.

Like all submissions to the CFR, these replication-extensions will be peer-reviewed (refereed). However, the journal decides on the editorial aspect of whether the submission is interesting, not the referee. This call for papers implies that the editor is very interested in bringing the existing finance literature up-to-date by learning about the stability of still-important finance papers. Furthermore, the editor does not consider stable associations to be uninteresting. However, more prominent original papers whose findings have reversed in recent years are more interesting. Thus, a more prominent original paper or a starker reversal alone will do. The editor considers a lack of novel techniques in these replication-extensions a plus not a minus.

The submissions can contain no more than one page reflecting on other potential concerns of the original paper (such as strengths or shortcomings of the specification, selection of observations, or omitted variables). This reflection must be relegated to an appendix. (The CFR is interested in more general critique submissions, too, but not in the context of this replication-extension call.)

The title should cite the original paper. The abstract should provide an assessment of the results from the out-of-period extension.

The submissions should follow the CFR style. (For example, tables and figures should end with interpretations.)

The maximum length of the submission must not exceed 10 pages, plus 2 pages for tables and figures.

The data and programs must be made available to the public.

Submissions must be made through the Editorial Express website. The submission fee is not waived.

The CFR plans to collect accepted replication-extensions and publish them in regular print issues as normal papers, either with other (often topic-related) papers, or when sufficiently many of replication-extensions submissions have been accepted. Like all accepted papers, the papers are posted on the editor's website before publication.

/calls/RFRE.html Last modified: