The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics.
The board of directors rotates over time and assists in key decisions and policies.
The purpose of the society is to recognize those members who have made a distinguished contribution to the field of finance.
Biennially, the association awards the Fischer Black Prize at its annual meeting.
The award, named in honor of economist Fischer Black, recognizes an outstanding young academic whose original research has made a significant contribution to the field of finance.
Annually, the association awards the Dimensional Fund Advisors Prizes[11] (prizes prior to 2019 were sponsored by Amundi Pioneer, Amundi Smith Breeden, and Smith Breeden) for the top three papers in the Journal of Finance in any area other than corporate finance at its annual meeting.