IDEAS home Printed from https://ideas.repec.org/a/eee/jbfina/v111y2020ics0378426619302900.html
   My bibliography  Save this article

Finance journal rankings: Active scholar assessment revisited

Author

Listed:
  • Currie, Russell R.
  • Pandher, Gurupdesh S.

Abstract

This study constructs finance journal rankings and classifications using the active scholar assessment (ASA) methodology with nested effects regression estimation. We observe some interesting changes over the past nine years and also compare the new ASA journal rankings with Scimago's SJR rankings, Thomson Reuters’ JCR rankings and ABS classifications. Responses from active finance scholars in a web survey are used to endogenously rank and classify a broad set of 102 finance journals by quality and importance. Regression estimation with nested random journal-within-tier effects enables journals in the four tier groups (A-D) to be separated into ``upper'', ``middle'' and ``lower'' categories (e.g. A+, A and A-). In addition to citation-based ranking, ASA study results can provide useful information and guidance to authors and editors on active scholar perceptions of journal quality and importance, tenure & promotion committees in assessing research, and university libraries in managing their resources.

Suggested Citation

  • Currie, Russell R. & Pandher, Gurupdesh S., 2020. "Finance journal rankings: Active scholar assessment revisited," Journal of Banking & Finance, Elsevier, vol. 111(C).
    • Handle: RePEc:eee:jbfina:v:111:y:2020:i:c:s0378426619302900
    DOI: 10.1016/j.jbankfin.2019.105717
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378426619302900
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbankfin.2019.105717?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mingers, John & Yang, Liying, 2017. "Evaluating journal quality: A review of journal citation indicators and ranking in business and management," European Journal of Operational Research, Elsevier, vol. 257(1), pages 323-337.
    2. Luh-Yu (Louie) Ren, 2016. "A Note about the Finance Journal Rankings and Citation Counts," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 12(Suppl. 1), pages 183–194-1.
    3. Ahlgren, Per & Waltman, Ludo, 2014. "The correlation between citation-based and expert-based assessments of publication channels: SNIP and SJR vs. Norwegian quality assessments," Journal of Informetrics, Elsevier, vol. 8(4), pages 985-996.
    4. Morris G. Danielson & Jean L. Heck, 2014. "Voting with Their Feet: In Which Journals Do the Most Prolific Finance Researchers Publish?," Financial Management, Financial Management Association International, vol. 43(1), pages 1-27, March.
    5. C. Krishnan & Robert Bricker, 2004. "Top finance journals: Do they add value?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 28(3), pages 361-378, September.
    6. Stanley D. Smith, 2004. "Is an Article in a Top Journal a Top Article?," Financial Management, Financial Management Association, vol. 33(4), Winter.
    7. Currie, Russell R. & Pandher, Gurupdesh S., 2011. "Finance journal rankings and tiers: An Active Scholar Assessment methodology," Journal of Banking & Finance, Elsevier, vol. 35(1), pages 7-20, January.
    8. Guerrero-Bote, Vicente P. & Moya-Anegón, Félix, 2012. "A further step forward in measuring journals’ scientific prestige: The SJR2 indicator," Journal of Informetrics, Elsevier, vol. 6(4), pages 674-688.
    9. Alireza Tahai & Michael J. Meyer, 1999. "A revealed preference study of management journals’ direct influences," Strategic Management Journal, Wiley Blackwell, vol. 20(3), pages 279-296, March.
    10. M. Ryan Haley, 2014. "Ranking top economics and finance journals using Microsoft academic search versus Google scholar: How does the new publish or perish option compare?," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 65(5), pages 1079-1084, May.
    11. Corrado, Charles J & Ferris, Stephen P, 1997. "Journal Influence on the Design of Finance Doctoral Education," Journal of Finance, American Finance Association, vol. 52(5), pages 2091-2102, December.
    12. Matthew D. Crook & Brian R. Walkup, 2016. "Rankings And Trends In Finance Publishing: An Iterative Approach," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 39(3), pages 291-322, September.
    13. Waltman, Ludo, 2016. "A review of the literature on citation impact indicators," Journal of Informetrics, Elsevier, vol. 10(2), pages 365-391.
    14. Chen, Carl R. & Huang, Ying, 2007. "Author Affiliation Index, finance journal ranking, and the pattern of authorship," Journal of Corporate Finance, Elsevier, vol. 13(5), pages 1008-1026, December.
    15. Serenko, Alexander & Dohan, Michael, 2011. "Comparing the expert survey and citation impact journal ranking methods: Example from the field of Artificial Intelligence," Journal of Informetrics, Elsevier, vol. 5(4), pages 629-648.
    16. Borde, Stephen F & Cheney, John M & Madura, Jeff, 1999. "A Note on Perceptions of Finance Journal Quality," Review of Quantitative Finance and Accounting, Springer, vol. 12(1), pages 89-96, January.
    17. Tom Arnold, 2003. "Impact: What Influences Finance Research?," The Journal of Business, University of Chicago Press, vol. 76(2), pages 343-362, April.
    18. Alexander, John C & Mabry, Rodney H, 1994. "Relative Significance of Journals, Authors, and Articles Cited in Financial Research," Journal of Finance, American Finance Association, vol. 49(2), pages 697-712, June.
    19. Mingers, John & Leydesdorff, Loet, 2015. "A review of theory and practice in scientometrics," European Journal of Operational Research, Elsevier, vol. 246(1), pages 1-19.
    20. Alexander Serenko & Nick Bontis, 2018. "A critical evaluation of expert survey†based journal rankings: The role of personal research interests," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 69(5), pages 749-752, May.
    21. Loet Leydesdorff, 2009. "How are new citation‐based journal indicators adding to the bibliometric toolbox?," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 60(7), pages 1327-1336, July.
    22. González-Pereira, Borja & Guerrero-Bote, Vicente P. & Moya-Anegón, Félix, 2010. "A new approach to the metric of journals’ scientific prestige: The SJR indicator," Journal of Informetrics, Elsevier, vol. 4(3), pages 379-391.
    23. Chan, Kam C. & Chang, Chih-Hsiang & Chang, Yuanchen, 2013. "Ranking of finance journals: Some Google Scholar citation perspectives," Journal of Empirical Finance, Elsevier, vol. 21(C), pages 241-250.
    24. Haddawy, Peter & Hassan, Saeed-Ul & Asghar, Awais & Amin, Sarah, 2016. "A comprehensive examination of the relation of three citation-based journal metrics to expert judgment of journal quality," Journal of Informetrics, Elsevier, vol. 10(1), pages 162-173.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Domingo Docampo & Vicente Safón, 2021. "Journal ratings: a paper affiliation methodology," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 8063-8090, September.
    2. Jon A. Garfinkel & Mosab Hammoudeh & James Weston, 2024. "Academic publishing behavior and pay across business fields," Financial Management, Financial Management Association International, vol. 53(1), pages 31-58, March.
    3. Rui Dai & Lawrence Donohue & Qingyi (Freda) Drechsler & Wei Jiang, 2023. "Dissemination, Publication, and Impact of Finance Research: When Novelty Meets Conventionality," Review of Finance, European Finance Association, vol. 27(1), pages 79-141.
    4. Bajo, Emanuele & Barbi, Massimiliano & Hillier, David, 2020. "Where should I publish to get promoted? A finance journal ranking based on business school promotions," Journal of Banking & Finance, Elsevier, vol. 114(C).
    5. Berninger, Marc & Kiesel, Florian & Schiereck, Dirk & Gaar, Eduard, 2021. "Citations and the readers’ information-extracting costs of finance articles," Journal of Banking & Finance, Elsevier, vol. 131(C).
    6. Grossmann, Axel & Lee, Allissa, 2022. "An analysis of finance journal accessibility: Author inclusivity and journal quality," Journal of Banking & Finance, Elsevier, vol. 138(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Domingo Docampo & Vicente Safón, 2021. "Journal ratings: a paper affiliation methodology," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 8063-8090, September.
    2. Bajo, Emanuele & Barbi, Massimiliano & Hillier, David, 2020. "Where should I publish to get promoted? A finance journal ranking based on business school promotions," Journal of Banking & Finance, Elsevier, vol. 114(C).
    3. Grossmann, Axel & Lee, Allissa, 2022. "An analysis of finance journal accessibility: Author inclusivity and journal quality," Journal of Banking & Finance, Elsevier, vol. 138(C).
    4. Walters, William H., 2017. "Do subjective journal ratings represent whole journals or typical articles? Unweighted or weighted citation impact?," Journal of Informetrics, Elsevier, vol. 11(3), pages 730-744.
    5. Currie, Russell R. & Pandher, Gurupdesh S., 2011. "Finance journal rankings and tiers: An Active Scholar Assessment methodology," Journal of Banking & Finance, Elsevier, vol. 35(1), pages 7-20, January.
    6. Alhenawi, Yasser & Hassan, M. Kabir & Hasan, Rashedul, 2022. "Evolution of research in finance over the last two decades – A topographical view," Research in International Business and Finance, Elsevier, vol. 59(C).
    7. Luh-Yu (Louie) Ren, 2016. "A Note about the Finance Journal Rankings and Citation Counts," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 12(Suppl. 1), pages 183–194-1.
    8. Raminta Pranckutė, 2021. "Web of Science (WoS) and Scopus: The Titans of Bibliographic Information in Today’s Academic World," Publications, MDPI, vol. 9(1), pages 1-59, March.
    9. Millet-Reyes, Benedicte, 2013. "The impact of citations in International Finance," Global Finance Journal, Elsevier, vol. 24(2), pages 129-139.
    10. Jorge Brusa & Michael Carter & George Heilman, 2010. "Academic content, research productivity, and tenure," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 34(1), pages 46-60, January.
    11. William H. Walters & Susanne Markgren, 2019. "Do faculty journal selections correspond to objective indicators of citation impact? Results for 20 academic departments at Manhattan College," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(1), pages 321-337, January.
    12. Samitas, Aristeidis & Kampouris, Elias, 2018. "Empirical investigation of co-authorship in the field of finance: A network perspective," International Review of Financial Analysis, Elsevier, vol. 58(C), pages 235-246.
    13. Morris G. Danielson & Jean L. Heck, 2014. "Voting with Their Feet: In Which Journals Do the Most Prolific Finance Researchers Publish?," Financial Management, Financial Management Association International, vol. 43(1), pages 1-27, March.
    14. Waltman, Ludo, 2016. "A review of the literature on citation impact indicators," Journal of Informetrics, Elsevier, vol. 10(2), pages 365-391.
    15. Andrea Bonaccorsi & Tindaro Cicero & Peter Haddawy & Saeed-UL Hassan, 2017. "Explaining the transatlantic gap in research excellence," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(1), pages 217-241, January.
    16. Chan, Kam C. & Chang, Chih-Hsiang & Chang, Yuanchen, 2013. "Ranking of finance journals: Some Google Scholar citation perspectives," Journal of Empirical Finance, Elsevier, vol. 21(C), pages 241-250.
    17. Yves Fassin, 2021. "Does the Financial Times FT50 journal list select the best management and economics journals?," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(7), pages 5911-5943, July.
    18. Matthew D. Crook & Brian R. Walkup, 2016. "Rankings And Trends In Finance Publishing: An Iterative Approach," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 39(3), pages 291-322, September.
    19. Saarela, Mirka & Kärkkäinen, Tommi, 2020. "Can we automate expert-based journal rankings? Analysis of the Finnish publication indicator," Journal of Informetrics, Elsevier, vol. 14(2).
    20. Johan Lyhagen & Per Ahlgren, 2020. "Uncertainty and the ranking of economics journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(3), pages 2545-2560, December.

    More about this item

    Keywords

    Finance journal rankings; Active scholar assessment; Nested random-effects regression; SJR; JCR; ABS;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbfina:v:111:y:2020:i:c:s0378426619302900. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbf .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.