Making the Big Leagues: Factors Contributing to Publication in Elite Economics Journals

Publication in the best journals of ones discipline is for many the equivalent of making the big leagues in sports or performing at Carnegie Hall in the arts. Using individual-specific data collected from 704 economists, this study provides a multivariate analysis of the factors which contribute to publication in top economics journals. By examining only publications in elite journals, the analysis avoids pitfalls associated with weighting the quality of a wide array of journals while maintaining an emphasis on the determinants of excellence in scholarship. Empirical results indicate that many factors impact elite journal publication, including the quality of graduate education, collaboration with colleagues, presenting at professional conferences, teaching commitments, and service work.     

Species Invasion as Catastrophe: The Case of the Brown Tree Snake

This paper develops a two-stage model for the optimal management of a potential invasive species. The arrival of an invasive species is modeled as an irreversible event with an uncertain arrival time. The model is solved in two stages, beginning with the post-invasion stage. Once the arrival occurs, the optimal path of species removal is that which minimizes the present value of damage and removal costs plus the expected present value of prevention costs. An expenditure-dependent, conditional hazard rate describing species arrival is developed based on discussions with natural resource managers. We solve for the optimal sequence of prevention expenditures, given the minimum invasion penalty as just described. For the case of the Brown Tree Snake potentially invading Hawaii, we find that pre-invasion expenditures on prevention are inverse U-shaped in the hazard rate. Efficient prevention should be approximately $2.9?million today and held constant until invasion. Once invasion occurs, optimal prevention requires $3.1?million annually and $1.6?million per year on species removal to keep the population at its steady state level, due to high search costs at very small population levels.     

Financial Opacity and Firm Performance: The Readability of REIT Annual Reports

We examine the capital market pricing implications of firm disclosure opacity as measured by the linguistic readability of REIT annual reports. The SEC has expressed concern that firms selectively manage the transparency of disclosures in order to hide adverse information. After controlling for other non-experimental factors that influence the readability of REIT financial statements, we find (1) financial opacity is negatively related to reported firm performance, and (2) the residual opacity that remains after controlling for other determinants of annual report readability has incremental explanatory power for returns beyond the Fama and French (1992, 1993) risk factors. The opacity risk-return premium persists after controlling for a (heretofore undocumented) stark monotonic decrease in annual report readability following the Sarbanes-Oxley Act of 2002.     

Exogenous brand crises: brand infection and contamination

Marketing Letters - Although there is an established literature regarding brand transgressions, Covid-19 has highlighted the need to better understand exogenously created brand crises. We...     

Ranking accounting authors and departments in accounting education: different methodologies – significantly different results

This research tests whether Holderness Jr., D. K., Myers, N., Summers, S. L., & Wood, D. A. [(2014). Accounting education research: Ranking institutions and individual scholars. Issues in Accounting Education, 29(1), 87–115] accounting-education rankings are sensitive to a change in the set of journals used. It provides updated rankings for accounting-education authors from Australia, Canada, New Zealand, the Republic of Ireland, the United Kingdom, and the United States using a sample that included the publications in 13 accounting-education journals. Our analysis indicated that Holderness et al.’s rankings of authors and departments were significantly different from our rankings. This research provides rankings of the top 50 authors and departments for three periods: from 2010 to 2015, from 2004 to 2015, and from 1992 to 2015. We provide data indicating the distribution of authors for these periods to assist authors not listed in the most prolific lists in determining their relative ranking. Finally, we provide data on the distribution of journal choices for accounting-education publications for the authors from each country.     

A Comparison of Conjoint Methods When There Are Many Attributes

This paper compares several methods of performing conjoint analysis when there is a large number of attributes. National parks were described in terms of 17 attributes and 56 levels. Subjects were randomly assigned to one of four groups and each person responded to a calibration questionnaire that allowed the estimation of one of the following conjoint analysis models: full profile, ACA, individual-level hybrid, or full profile on the person's eight stated most important attributes. Validations were performed in terms of individual choices and aggregate choice shares. Reliabilities were assessed on both ratings and choices.Surprisingly even with a large number of attributes, the full profile method consistently validated best. Second was a full profile model estimated on the respondent's stated eight most important attributes. ACA and individual hybrid conjoint analysis performed similarly, but worse than these two methods on most measures. Validation differences were more strongly related to differences in attribute importances than desirabilities for levels within an attribute. It appears that these respondents were not able to accurately report self-explicated importances with a large number of attributes.     

Gangs of Chicago: Perceptions of Crime and its Effect on the Recreation Behavior of Latino Residents in Urban Communities

Perception of safety is an important factor affecting the leisure behavior of Latinos residing in urban neighborhoods. Yet research on how fear of crime and fear of gangs in particular affect leisure of ethnic and racial minorities is underdeveloped. The objectives of this study are to examine how gangs operate in recreation spaces in Latino neighborhoods, how gangs affect the use of outdoor recreation environments and how Latinos respond to these issues. The study is based on focus groups conducted with Latino residents in Chicago. Findings indicate gang members are almost constantly present in parks, which serve as spaces for drug use and distribution. Moreover, gangs operate in other areas of the neighborhood making it unsafe to access parks. Participants employ strategies to address the gang problem including avoidance, protective and collective behaviors.