Advances in Financial Studies (AFS) is a quarterly-published double blind peer reviewed scholarly research journal devoted to theoretical and empirical innovation in all areas of Finance including but not limited to financial economics, corporate finance & corporate governance, asset pricing & applied financial econometrics, banking & financial institutions etc. The Journal aims to attract and publish high-quality articles for the research community and practitioners having the primary selection criteria of quality, originality, and robustness of analysis in the field.