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A quality-based global assessment of financial research

Author

Listed:
  • Nianhang Xu

    (Renmin University of China)

  • Kam C. Chan

    (Western Kentucky University)

  • Chih-Hsiang Chang

    (National University of Kaohsiung)

Abstract

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.

Suggested Citation

  • Nianhang Xu & Kam C. Chan & Chih-Hsiang Chang, 2016. "A quality-based global assessment of financial research," Review of Quantitative Finance and Accounting, Springer, vol. 46(3), pages 605-631, April.
    • Handle: RePEc:kap:rqfnac:v:46:y:2016:i:3:d:10.1007_s11156-014-0480-2
    DOI: 10.1007/s11156-014-0480-2
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    References listed on IDEAS

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    1. Oltheten, Elisabeth & Theoharakis, Vasilis & Travlos, Nickolaos G., 2005. "Faculty Perceptions and Readership Patterns of Finance Journals: A Global View," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 40(1), pages 223-239, March.
    2. Brooker, George & Shinoda, Phillip, 1976. "Peer Ratings of Graduate Programs for Business," The Journal of Business, University of Chicago Press, vol. 49(2), pages 240-251, April.
    3. Kam C. Chan & Kartono Liano, 2009. "Threshold citation analysis of influential articles, journals, institutions and researchers in accounting," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(1), pages 59-74, March.
    4. Kam Chan & Carl Chen & Peter Lung, 2007. "One-and-a-half decades of global research output in Finance: 1990–2004," Review of Quantitative Finance and Accounting, Springer, vol. 28(4), pages 417-439, May.
    5. Kaufman, George G, 1984. "Rankings of Finance Departments by Faculty Representation on Editorial Boards of Professional Journals: A Note," Journal of Finance, American Finance Association, vol. 39(4), pages 1189-1197, September.
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    7. Klemkosky, Robert C. & Tuttle, Donald L., 1977. "A Ranking of Doctoral Programs by Financial Research Contributions of Graduates," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 12(3), pages 491-497, September.
    8. 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.
    9. Kam C. Chan & Robert C. W. Fok, 2003. "Membership On Editorial Boards And Finance Department Rankings," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 26(3), pages 405-420, September.
    10. Lokman I. Meho & Kiduk Yang, 2007. "Impact of data sources on citation counts and rankings of LIS faculty: Web of science versus scopus and google scholar," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 58(13), pages 2105-2125, November.
    11. Kam C. Chan & Carl R. Chen & Thomas L. Steiner, 2002. "Production in the Finance Literature, Institutional Reputation, and Labor Mobility in Academia: A Global Perspective," Financial Management, Financial Management Association, vol. 31(4), Winter.
    12. 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.
    13. Borokhovich, Kenneth A, et al, 1995. "Finance Research Productivity and Influence," Journal of Finance, American Finance Association, vol. 50(5), pages 1691-1717, December.
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    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. Korkeamäki, Timo & Sihvonen, Jukka & Vähämaa, Sami, 2018. "Evaluating publications across business disciplines: Inferring interdisciplinary “exchange rates” from intradisciplinary author rankings," Journal of Business Research, Elsevier, vol. 84(C), pages 220-232.

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    More about this item

    Keywords

    Research; Ranking; Quality; Google Scholar;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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