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.     

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.     

Networks and productivity: Causal evidence from editor rotations

Using detailed publication and citation data for over 50,000 articles from 30 major economics and finance journals, we investigate whether network proximity to an editor influences research productivity. During an editor's tenure, his current university colleagues publish about 100% more papers in the editor's journal, compared to years when he is not editor. In contrast to editorial nepotism, such “inside” articles have significantly higher ex post citation counts, even when same-journal and self-cites are excluded. Our results thus suggest that despite potential conflicts of interest faced by editors, personal associations are used to improve selection decisions.     

An Analysis of Finance Journal Impact Factors

This paper provides an analysis of the citation counts of articles published in the leading finance journals. It identifies the determinants of the most prevalent measure of influence for finance journals, the Social Sciences Citation Index impact factors. It finds that impact factors are affected by citations outside the finance field, are not affected by the distribution of published articles across subfields, and are good predictors of the long-term citation counts of articles. The citation impact factors are reduced for both the Journal of Financial Economics and The Journal of Finance by their publication of other than regular articles.     

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.     

A Note on Perceptions of Finance Journal Quality

Finance journal quality is a critical issue for faculty annual elevations, for the tenure and promotion process, and for the administration of faculty workload plans. Unlike other studies that use objective measures (such as citation frequencies) to rate journals, this study focuses on the opinions of chairpersons about the relative quality of 55 finance, insurance, and real estate journals. A sample of 218 finance department chairpersons at AACSB accredited business schools were surveyed, and 125 responses were received (57.34% response rate). Besides overall aggregate scores, responses are segregated and tested for differences across several dimensions. The results offer interesting and current insight on general perceptions of journal quality.     

会计学研究视角与研究领域拓展——基于国际期刊的研究

研究视角对专业学科的发展起着重要的作用。财务金融学中实证方法的引入,推动实证会计的兴起。随着会计学科的不断发展,固守原有的研究视角逐渐成为限制会计研究发展的障碍。为了推动会计研究的发展,本文选择国际期刊作为切入点,通过划分不同研究视角来确定现有会计研究中存在不足,并在此提出有待深入的研究领域,探索未来研究的方向。研究发现,现有会计研究以经济学视角和管理学视角为主流,而在社会学视角和信息技术视角方面有待进一步拓展。     

A quality-based global assessment of financial research

We conduct rankings on finance programs based on a rich database of citations for all articles from a set of 23 quality finance journals during 1990–2010. Our work represents a new perspective on the evaluation of faculty research as compared to the traditional counting of total number of publications in the literature. Our findings show that the top-five institutions are the University of Chicago, Harvard University, New York University, the University of Pennsylvania, and Duke University. In general, the top programs are able to produce a large number of high impact articles and a majority of their citations are drawn from premier finance journals. In addition, European and Asia–Pacific institutions are doing very well during the recent years. Our author assessment suggests that for an author with at least five normalized citations per year from articles that appeared in the 23 finance journals, she will be in the top 1.7 % of all authors.     

Thirty years of the Global Finance Journal: A bibliometric analysis

In 1989, Global Finance Journal (GFJ) started publishing articles examining financial topics from a global perspective. In 2018, the journal celebrated its 30th anniversary. This study provides a retrospective analysis of the journal's content. It offers insights into the publication activity, citation trends, most prominent themes, and state of collaboration among GFJ contributors and its aggregate contribution to the field of finance. Overtime, GFJ has experienced a rise in both publication activity and citations, which reflects its growing presence among finance journals and the relevance and diversity of its contributions to research.     

Publishing patterns within the UK accounting and finance academic community

This study reports on publishing patterns in the UK and Irish accounting and finance academic community for the 2-year period 1998–1999 using the data contained in the BAR Research Register. It is found that the community has been growing modestly since 1991, with a doubling in the number of PhD-qualified staff (to 30%) and a reduction in the number with a professional qualification (from 81 to 58%). Nearly half of all outputs appear in other than academic journals. The mean number of publications is 1.76 per capita, with significantly more staff active in publishing than in 1991 (44% compared to 35%). However, only 17% publish in a subset of 60 ‘top’ journals. Just over half of all articles are published in the core discipline journals, the rest appearing mainly in management, economics, sociology, education and IT journals. This may indicate a growing maturity in the disciplines, whereby applied research findings are flowing back into related foundation and business disciplines. Nearly two-thirds of academic articles are co-authored, with 25% of contributions coming from outside the community, indicating an openness to interdisciplinary collaboration, collaboration with overseas academics and collaboration with individuals in practice. The findings of this study will be of assistance to those making career decisions (either their own career or decisions involving other people's careers). They also raise awareness of the way in which the accounting and finance disciplines are developing.     

THE IMPACT OF ACCOUNTING RESEARCH ON FINANCE

This paper assesses the impact of accounting research on finance using citational methods and content analysis. The data are 715 articles published in seven finance journals. In contrast to previous research of the influence of finance research on accounting, the results show relatively little impact of accounting research on finance. The limited impact of accounting on finance is principally provided by four accounting journals and a small group of accounting authors. The impact found is often the result of bridging papers, in which either finance articles have accounting authors, or vice versa. These results suggest a substantial disregard of ostensibly pertinent capital-markets accounting research by finance scholars. The reasons for finance’s disregard of this work, whether for reasons of perceived value, quality, or for other reasons, is unclear. However, it is apparent that accounting capital-markets research is not as influential in finance as might be expected.     

Border disputes,conflicts, war,and financial markets research: A systematic review

Border disputes, conflicts, and war have long existed and have evidenced impacts on financial markets. However, the extant literature needs to be revisited in light of existing contributions and underlying gaps to provide further insights into future research agendas. We conducted a bibliometric analysis of 215 articles published in high-quality journals to show the publication and citation trends in the war literature concentrated on financial markets. Concomitantly, while highlighting the most influential articles, contemporary themes, and the intellectual structure of the war literature on financial markets, we show the top contributing journals with the most prolific authors and their affiliated countries. Extant literature sheds light on how border disputes, conflicts, and war, while impacting macroeconomic variables, have impacted returns, volatility, and stability of the global financial markets. We provide eight clusters defining the concentration of the available literature and six broader areas directing future research.     

World Ranking of Real Estate Research: Recent Changes in School Competitiveness and Research Institutions

Real estate programs are ranked based upon page counts of articles published in three major real estate journals. The page counts are employed to capture many variations in the length of articles. For each author, his/her most recent affiliation is used to evaluate the school competitiveness of current faculty members rather than a perceived school reputation of the past. In this study, we find that top-tier schools in real estate research are not necessarily the most famous schools in economics and finance; progressive universities specializing in real estate research hold the top ranks. Furthermore, school competitiveness has changed substantially in the United States. The changes are mainly because of a mobility of faculty members. The results also show that U.S. institutions dominate research in real estate.     

Ranking Journals Using Social Science Research Network Downloads

I use a new approach to rank journals, namely the number and percent frequency of articles a journal publishes that are heavily downloaded from the Social Science Research Network (SSRN). I rank 18 accounting and finance journals, and I identify five journals not considered by the two most recent major published ranking studies of publications by accounting faculty, namely (in rank order): Journal of Financial Economics, Review of Accounting Studies, Review of Quantitative Finance and Accounting, Journal of Corporate Finance, and Journal of International Financial Management and Accounting. I show that financial accounting faculties are more likely to post their working papers to SSRN, and papers posted by financial faculties generate more downloads. I mitigate this bias in favor of the financial area by providing separate rankings based on authors in the financial versus non-financial areas.     

Making sense and transparency in finance literature: Evidence from trends in readability

Transparency continues to interest finance scholarship, as regards not just to financial reporting, but to a host of areas. Concomitantly, there is a growing emphasis on the transparency of the finance research process, with journals initiating requirements for uploading data and codes. However, little consideration is given to the transparency of finance scholarly texts, despite new emphasis by academic institutions and accreditation bodies on articles having an impact on practitioners. We use textual analysis to investigate the readability of articles in a selection of finance journals. Results evidence that academic articles are becoming less readable. Whether readability straightforwardly implies transparency is unclear, still, we consider these issues alongside our findings. Our study should be of great interest to those concerned with the state of finance scholarship.     

The Impact of Accounting Education Research

Abstract

This paper presents an exploratory study into the nature and patterns of usage of accounting education research. The study adopts the most accessible metric, Google Advanced Scholar citations, to analyse the impact of research published in the six principal English-language accounting education journals. The analysis reveals a global readership for these journals but evidence of relatively low citation levels. However, papers tended to be cited more than expected in cross-disciplinary education journals, discipline-specific education journals, and non-education journals. Guidance is offered to authors seeking to maximise the impact of their research, and issues of concern are identified for editors and publishers. This is the first paper to look beyond content at the usefulness of research in accounting education as indicated by citations. In doing so, it contributes to the current debate on the quality of this research, and of research in accounting and finance in general.     

The demise of the ARC journal ranking scheme: an ex post analysis of the accounting and finance journals

The recent abolition of the ARC journal ranking scheme is indicative of some problematical features of journal ranking in general and the ARC scheme in particular. An alternative citation‐based ranking scheme is applied to the accounting and finance journals to highlight some loopholes in the abandoned ARC scheme and provide some suggestions for how to proceed with ERA 2012. By re‐ranking journals according to their citation indices, it is demonstrated that the ARC ranking placed a large number of journals where they do not belong. As a result, the ARC scheme induced some adverse behavioural changes with respect to preferred publication outlets.     

Voting with Their Feet: In Which Journals Do the Most Prolific Finance Researchers Publish?

The financial economics literature has experienced rapid growth over the past 40 years, triggering a dramatic increase in the number of journals. We employ a new method to analyze the current pecking order of finance journals. Specifically, we analyze the publication records of prolific authors to provide evidence regarding the perceived quality of a set of 23 high‐impact finance journals. Assuming these scholars target the “best” research outlets, their publication records can reveal information about their subjective rankings of the next‐best alternatives to the traditional elite finance journals. The results suggest that prolific authors are most likely to target outlets that have raised their profile in recent years (e.g., Financial Management and Financial Analysts Journal) and new specialized finance journals (e.g., Journal of Financial Markets, Journal of Corporate Finance, and Journal of Financial Intermediation) when publishing outside the set of elite journals.     

Central bank intervention

This special issue of the Journal of International Finance, Institutions and Money contains 11 articles that consider aspects of central bank intervention. It is particularly timely to publish such a special issue since the topic of central bank intervention has been an important issue in international finance during the last decade. Monetary policy, trading rules, econometric evidence of the effects of intervention on exchange rates and future direction on research in this area constitute the sections in this special issue.     

A Retrospective Evaluation of European Financial Management (1995–2008)

We provide a retrospective evaluation of European Financial Management (EFM) from 1995 to 2008. In 14 years, EFM has published a total of 333 articles, with 564 authors from 299 academic and non-academic institutions. The authors and institutions represent 26 different countries. Two interesting results emerge from this analysis. First, although EFM is a young finance journal, it has achieved a highly respectable status among all finance journals. In fact, EFM has surpassed a number of well-established finance journals in its research impact. Second, consistent with its mission, EFM has published articles whose authors have European affiliations and research content. Nonetheless, we find that EFM is the publication outlet of authors outside the European region as well. The rising readership and variety of articles published suggest that EFM is a general finance journal that has done very well in serving the interests of the finance profession for the last 14 years.