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43 Nonprofit & Voluntary Sector Q. 5 (2014)

handle is hein.journals/npvolsq43 and id is 1 raw text is: Editorial Nonprofit and Voluntary Sector Quarterly 2014, Vol. 43(1) 5-6 From the Editors' Desk @The Author(s) 2013 Reprints and permissions: sagepub.com/journalsPermissions.nav DOI: 10.1177/0899764013519478 nvsq.sagepub.com OSAGE It gives us great pleasure in this issue of Nonprofit and Voluntary Sector Quarterly (NVSQ) to congratulate the authors of the 2012 NVSQ Best Article Award presented at the 2013 Annual ARNOVA (Association for Research on Nonprofit Organizations and Voluntary Action) Conference held in Hartford, Connecticut, in November. The winners this year are Anais P6rilleux, Universit6 de Mons, Belgium; Marek Hudon, Universit6 Libre de Bruxelles, Belgium; and Eddy Bloy, Universit6 Lyon-2, France, who coau- thored the article, Surplus Distribution in Microfinance: Differences Among Cooperative, Nonprofit, and Shareholder Forms of Ownership. Microfinance institutions (MFls) have garnered a great deal of recent attention, both positive and negative, in how they deal with helping the poor access credit. Using an existing database on MFls, the article examines how different types of MFls, non- profits, for-profits, and member-based MFls allocate their financial surplus to the vari- ous stakeholders. The authors find that the institutional form and ownership type of the MFls matter and determine how the surplus is allocated. These findings are of great importance for policy makers, who face an increasingly commercial landscape in which for-profit MFls operate with attendant high interest rates that are controversial and antithetical to helping the poor for whom MFls were originally designed. Bravo, Anais, Marek, and Eddy! And, thank you to members of the ARNOVA award committee, Rikki Abzug, Tricia Bromley, Claudia Petrescu, Jennifer Taylor, and Jeremy Thornton. Committee members read all NVSQ articles published in 2012 and selected the article that best answers an important question based on theoretical rigor and analytical sophistication with clarity of presentation. Award winning articles are no doubt the product of the ingenuity and intelligence of the authors. Yet, no good article stands alone in the absence of input and guidance from colleagues. Behind the scenes, the anonymous peer reviewers for NVSQ helped to improve the article, and they share with the authors the accolades of this award. Thank you to the reviewers of this article, you know who you are! We thank as well all other reviewers for NVSQ, who work to make every article worthy of an award. Although the peer review process is an integral part of publishing in academic jour- nals, in its current form is relatively recent; the journal Nature instituted formal peer review only in 1967 (http://www.nature.com/nature/history/timeline_1960s.html). According to Mario Biagioli (2002), the formal process of peer review started in 1663, when the recently formed Royal Society of London passed a resolution that required every book published under its Royal Charter to be reviewed by two members of the Council of the Society. They did this to insure that all publications were relevant to the Charter, and that the Crown would not consider them offensive (Ranalli, 2011).

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