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Influential Articles, Journals, and Institutions in Risk Management and Insurance
Authors:Kam C Chan  Kartono Liano
Institution:Kam C. Chan is with the Department of Finance, Western Kentucky University, Bowling Green, KY 42101;phone: 270-745-2977;fax: 270-745-5284;e-mail: . Kartono Liano is with the Department of Finance and Economics, Mississippi State University, Box 9580, Mississippi State, MS 39762-9580;phone: 662-325-2341;fax: 662-325-1977;e-mail: . We acknowledge the helpful comments from two anonymous reviewers. Any remaining errors, if any, are ours. This article was subject to double-blind peer review.
Abstract: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.
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