A Citation Analysis of Risk, Insurance, and Actuarial Research: 2001 Through 2005

The bibliographies of 17  risk  journals were evaluated to determine the relative influence of these  risk  journals on risk, insurance, and actuarial research published during the years 2001 through 2005. Tables are provided that show the frequency with which each of these journals cites itself and the other sample journals. The journals are ranked, within two groups (risk and insurance group and actuarial group), based on their total influence (total citations including and excluding self-citations) and their per article influence (per article citations including and excluding self-citations). Finally, the most frequently cited articles from each  risk  journal are reported.     

Relative Significance of Journals,Authors, and Articles Cited in Financial Research

We evaluate journals based on their relative contributions to top-level finance research in a recent period. Journals are ranked according to the number of citations found in articles published in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Review of Financial Studies. The analysis controls for both the average number of articles and average number of words published annually in each cited journal. We identify the fifty most frequently cited journals during this period. We also list the fifty most frequently cited authors and articles and note topical trends in the research.     

Ranking of finance journals: Some Google Scholar citation perspectives

We conduct rankings on finance journals based on a rich database of citations for all articles from a set of 23 finance journals during 1990–2010. Our study is a major improvement in the literature by directly measuring the impact of each article within a set of finance journals. Our findings in journal citations generally echo the concern in Smith (2004) that some articles in premier journals have no/low impact while some articles in non-premier journals have high impact. In addition, we document that premier (non-premier) journals exhibit a linear (convex) curve of cumulative normalized citations across zero citation to less than or equal to eight citation buckets. We also show that author concentration index and editorial board members' citations represent alternative methods to evaluate finance journals.     

Ranking accounting journals using dissertation citation analysis: A research note

Prior literature on accounting journal rankings has provided different journal lists depending on the type of examination (citations- vs. survey-based) and the choice of journals covered. A recent study by Bonner, Hesford, Van der Stede, and Young (2006) [Bonner, S., Hesford, A., Van der Stede, W. A., & Young, M. S. (2006). The most influential journals in academic accounting. Accounting, Organizations and Society, 31(7), 663–685] documents disproportionately more citations in the financial accounting area, suggesting a financial accounting bias in the accounting literature. We use citations from accounting dissertations completed during 1999–2003 to provide a ranking of accounting journals. The database allows us to assess the research interests of new accounting scholars and the literature sources they draw from. Another innovation is our ranking of accounting journals based on specialty areas (auditing, financial, managerial, tax, systems, and other) and research methods (archival, experimental, modeling, survey, and other). To mitigate the financial accounting bias documented by Bonner et al. (2006), we derive a ranking metric by scaling (normalizing) the journal citations by the number of dissertations within each specialty area and research method. Overall, the top journals are, JAR, AOS, TAR, and JAE. We also provide evidence that top journal rankings do vary by specialty area as well as by research methods.     

THE RELATIVE IMPORTANCE OF JOURNALS USED IN FINANCE RESEARCH

The relative importance of various finance and related journals to research published in major finance journals is determined by noting the frequency that all other journals are cited in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Journal of Money, Credit and Banking during the period 1980 to mid?1985. Journals are ranked on the basis of their actual number of citations, citations per article, and citations per 10,000 words published annually. Results give an objective criterion for evaluating the relative impact on the major finance literature of writing in alternative journals. The list of journals developed with the citations methodology differs markedly, on the whole, from the list ranked by Coe and Weinstock (1983) who simply surveyed department chairpersons. Journals that are common to both lists, however, are ranked very much alike, indicating that chairpersons may rank journals they think to include in a subjective list in a way that is consistent with the citations criterion.     

Risk Management and Insurance-Related Journals: A Survey of Risk and Insurance Academics

This research provides an assessment of the utility and quality of risk management and insurance (RMI)-related journals using professorial expert opinion. Although Social Science Citation Index (SSCI)-produced citation counts and article impact factors are widely available and commonly used methods of journal comparison, they are limited to very few generally premier journals in any field, including RMI, leaving stakeholders with substantial gaps when benchmarking journal factors. We bridge this gap by comparing RMI faculty opinion of quality to SSCI assessments for 13 journals with results indicating general consistency across these measures. The expert opinion approach is extended to assess quality across a sample of 30 RMI-related publications, along with assigning journal categories delineated based on reported academic utility, contributing to RMI boundary definitions. Posthoc analysis indicates only modest influences for some individual, institutional, and journal-related factors on professorial perceptions, evidence that expert opinions are reliable measures of RMI journal utility and quality. Additionally, only modest differences are found in journal quality assessments by academics relative to the teaching versus research institutional mission of their employers, as well as across perceived individual teaching versus research role expectations. Thus, the expert opinion approach to evaluating utility and quality, coupled with regression and subsample analysis, aids RMI academics and other stakeholders in journal assessment and boundary definition issues. These contributions to the advancement of journal assessment methodologies in general may also prove useful across academic disciplines.     

Accounting and Finance at forty: a retrospective evaluation

Accounting and Finance has evolved from a news bulletin to a full-grown refereed academic journal that has published papers written by authors from Australia, New Zealand, the United States of America, Canada, Europe and Asia. The Journal published its 41^st volume in 2001 and that anniversary issue coincides with the beginning of the new millennium. As part of the celebration of this important milestone, this article reviews the Journal's evolution, the variety of papers published and the Journal's impact on accounting and finance research in the Asia Pacific region. Data for 394 papers published in the Journal by 570 authors are analysed. I find that the distribution of institutions and authors that have published in the Journal is highly skewed, with the top five (11) institutions accounting for 35 per cent (51 per cent) of the published papers in the Journal. Similarly, 8 per cent of the authors have published 26 per cent of the articles in the Journal. Analysis of the citation pattern indicates that Accounting and Finance does not have much impact on research published in the Asia Pacific region, with the Journal accounting for only 1.06 per cent of all citations in the selected Asia Pacific journals. Sub-period analysis indicates that not even the establishment of the editorial board in the latter half of the 1990s has helped improve the impact of the Journal on research published in the Asia Pacific region. However, compared with other Asia-Pacific journals, Accounting and Finance has the strongest impact on publications in the selected journals. The impact is even stronger in the latter half of the 1990s. Also, the impact of Accounting and Finance on the more recent journals in the Asia Pacific region is stronger than that of the other more established journals.     

Journal Influence on the Design of Finance Doctoral Education

This article surveys the influence of research journals on finance doctoral education. Influence is measured by citations from syllabi of finance seminars. A sample of 101 distinct syllabi submitted by 33 finance doctoral programs yields a list of 1,031 articles cited by at least two schools. These 1,031 articles generate 3,273 citations referencing 17 finance, economics, and accounting journals, where multiple citations from a single school are counted as a single citation. The most notable findings are the wide variety of seminar content across finance doctoral programs and the dominance of five finance journals in providing this diverse content.     

Journal Communication and Influence in Financial Research

This article uses the articles and citations from a set of eight finance journals to explore interjournal citation patterns, the research interests of individual journals, each journal's influence in particular areas, areas of recent interest to finance, and the extent of interdisciplinary borrowing by finance. We find the following: two journals comprise the research core of finance research, most journals publish in a variety of research areas but are influential in a smaller number, a higher level of interest in financial markets than in corporate finance or financial institutions, and an overall low level of borrowing from outside disciplines.     

Applications of high-frequency data in finance: A bibliometric literature review

This study aims to provide a bibliometric literature review (BLR) on the applications of high-frequency data in finance. To the best of our knowledge, this is the first BLR on this topic. It aims to map the evolution of the literature, identifying the leading sources of knowledge in terms of the most influential journals, articles, and authors. It also provides a chronological development of the conceptual and intellectual structures of the networks in this topical research area. Using the Scopus database, the study identifies 2920 articles on the application of high-frequency intraday data in finance. These had been published in 393 journals during the period from 1977 to 2019. A thorough content analysis of the 100 most influential papers (ranked based on average citations per year) is also provided concerning research attributes in terms of datasets, asset classes, country of analysis and the major themes and sub-themes of these papers. The Journal of Banking and Finance is the leading journal in terms of the number of publications, whereas the Journal of Finance is the leading journal in terms of citations received on this topic. Tim Bollerslev is the leading author in this area in terms of the total number of publications (36), total citations (7241) and h-index (30). The most cited article in terms of total citations and average citations per year is Andersen, Bollerslev, Diebold, and Labys (2003) titled “Modeling and forecasting realized volatility”, which has appeared in Econometrica. The majority of the top 100 surveyed papers are empirical (66%). Volatility modeling as a major theme is the front runner with 29% of the surveyed papers. The theme “Volatility modeling” has most often been studied with Realized Volatility. The Trade and Quote (TAQ) database and 5-minute interval data appear to be the most favored choices in terms of data usage in high-frequency finance research. 56% of the surveyed papers have used the data on stocks, with NYSE stocks being the most popular, while US financial markets are the most commonly studied markets (65%).     

Finance Research Productivity and Influence

This study examines differences in finance research productivity and influence across 661 academic institutions over the five-year period from 1989 through 1993. We find that 40 institutions account for over 50 percent of all articles published by 16 leading journals over the five-year period; 66 institutions account for two-thirds of the articles. Influence is more skewed, with as few as 20 institutions accounting for 50 percent of all citations to articles in these journals. The number of publications and publication influence increase with faculty size and academic accreditation. Prestigious business schools are associated with high publication productivity and influence.     

Influential Articles, Journals, and Institutions in Risk Management and Insurance

We use a threshold citation approach to measure the influence of articles, journals, and institutions in risk management and insurance research. The three frequently cited articles in risk management and insurance research are "Increasing Risk: I. A Definition" by Rothschild and Stiglitz (1970), "Precautionary Saving in the Small and in the Large" by Kimball (1990), and "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information" by Rothschild and Stiglitz (1990). Journal of Risk and Insurance, Econometrica, and Journal of Political Economy are the three influential journals in risk management and insurance research. Furthermore, the five influential institutions in risk management and insurance research are the University of Pennsylvania, Harvard University, the University of Rochester, the University of Michigan, and Massachusetts Institute of Technology.     

Productivity in “Top‐Ten” Academic Accounting Journals by Researchers at Canadian Universities*

We examine the research productivity of academic accountants at Canadian universities for the 11‐year period 1990‐2000. Our analysis is based on the “top‐ten” ranked refereed journals in accounting, auditing, and taxation, as documented by Brown and Huefner (1994). We first provide an overview of the importance of publishing in highly ranked accounting journals for individual academics, departments, and business faculties. We then provide details of the proportion of articles published in each of these journals by academics from Canadian universities; the type of research published in each journal (auditing, financial accounting, managerial accounting, and taxation); and details of editorial board service. Our results indicate that even at the most productive Canadian university (in terms of “top‐ten” publications), faculty members publish (on average) approximately one article every seven years. Six Canadian universities have faculty members with, on average, more than one article in “top‐ten” journals every 10 years. We also provide results of analyses that rank each Canadian university, after controlling for the relative quality of each journal, using impact factors published by the Social Science Citation Index. In addition, statistics are provided with regard to the 15 most productive researchers, in terms of “top‐ten” publications, in the 11‐year period. Finally, in conjunction with the 25th anniversary of the Canadian Academic Accounting Association, we examine the productivity of academic accountants at Canadian universities over the past 25 years by combining our results with those reported by Richardson and Williams (1990).     

Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2012 Update

This article reports the main results of the 2012 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. Pricing and modeling insurance risks and methodological advancement in risk valuation were popular fields of research in 2012. Of special note is new work on behavioral pricing and liquidity. Additionally, underwriting cycles attracted some controversy, and emerging risks, such as systemic risk and potential interrelations between insurance and other financial markets, were also areas of intense discussion.     

2000~2009年《财经理论与实践》学术轨迹及被引定量研究

运用词频统计及共现方法分析了2000~2009年国内学术期刊《财经理论与实践》所发表的2000余篇论文的所有关键词及被引情况,得出该刊近10年的学术轨迹情况、被相关期刊的引用情况、高影响力作者及高影响力论文的情况。研究结果反映了国内金融学研究领域的现状、特征及动向。     

Measuring the impact of accounting journals using Google Scholar and the g-index

The UK's proposed Research Excellence Framework promotes a move towards citation analysis for assessing research performance. However, for business disciplines, journal rankings are likely to remain an important aid in evaluating research quality. The accounting literature includes many journal rankings and citation studies, however there has been little coverage of recent advances in these areas. This study explores approaches to assessing the impact of accounting journals with a focus on quantitative measures as a complement to peer-review-based evaluation. New data sources and techniques for citation studies are reviewed, and the g-index is selected for further analysis. The g-index was developed by Professor Leo Egghe in 2006 as an improvement on the h-index. Like the h-index, the g-index represents a relationship between papers published and the level of citations they receive, but the g-index is more sensitive to highly cited paper. To apply the g-index to accounting journals, the study first combines eight published journals rankings to produce a list of 34 highly-regarded titles. Citation data are then gathered from Google Scholar and used to calculate g-index scores as the basis of a new ranking. Google Scholar is found to have broader coverage of accounting citations than Scopus or the Web of Science databases, but requires cleaning to remove duplicate entries. The use of the g-index for ranking journals is found to be a useful innovation in citation analysis, allowing a more robust assessment of the impact of journals.     

The Journal of Risk and Insurance: Authors of Influence

The purpose of our study is to identify the most influential authors who published in the Journal of Risk and Insurance (JRI) between 1989 and 2010 using citations as our primary indicator of author influence. Extant citation studies concerning the JRI are at the journal level rather than the author level or they examine citations appearing in JRI articles rather than citations to JRI articles. Our study examines articles published in the JRI from 1989 to 2010 and the citations to these articles from 1989 to 2014 reported in Thomson Reuters Web of Science (WOS). This approach is consistent with the method used by WOS to calculate journal impact factors. Our study presents a variety of author productivity measures based on JRI publication activity and citations to JRI articles. The top 50 authors are ranked and identified for each metric.     

A Digital Picture of the Actuarial Research Community

The evolution of publication patterns in actuarial research is described through a survey of the contents of four peer-reviewed journals identified in several studies as the most influential in the field, including the North American Actuarial Journal. The research output of countries and institutions is compared over the 30-year period 1982–2011 on the basis of the number of articles and pages published, adjusted for journal page size. While simple counts such as these are only a cursory measure of productivity, and certainly not a measure of quality, they lead to rankings that broadly reflect the level of activity in actuarial research worldwide. Countries and institutions that are most active in the field are easily identified from these rankings. Such information is valuable to governmental funding agencies and administrators in academia or industry responsible for the quantitative assessment of research performance. Young researchers and prospective graduate students may also find it useful to acquaint themselves with the breadth of the actuarial research community.     

指数保险有效性实证分析

运用Miranda模型研究发现,农户个体产量波动与所在区域产量波动存在高度正相关性,基于区域产量保险的保费率低于传统农业保险的保费率,这有利于刺激指数保险的需求。由于指数保险克服了传统农业保险市场中的逆向选择与道德风险问题,降低了交易成本,从而指数保险能够降低农户的保费支出并有效管理农业生产风险。     

Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2011 Update

This article summarizes the results of the 2011 Risk Premium Project (RPP) continual update. The aim of RPP is to review the actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. We find that behavioral insurance and new instruments of alternative risk transfer are popular fields of research in nonlife insurance. Capital allocation and enterprise risk management, too, are currently very important research topics. Moreover, the financial crisis has stimulated new work on corporate governance and insurance.