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Peer Review versus Citations - An Analysis of Best Paper Prizes

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  • Tom Coupe

    (Kyiv School of Economics, Kyiv Economic Institute)

Abstract

In this paper, I analyze the ‘best paper’ prizes given by economics and finance journals to the best article published in their journal in a given year. More specifically, I compare the citations received by best paper prize-winning papers to citations received by papers that are awarded runner up prizes and to citations received by non-winning papers. In this way, I evaluate to what extent the prize jury members are able to pick the papers that are ‘best’ in terms of citations. The data show that the paper that gets the ‘best paper’ prize, is rarely the most cited paper; is, in a small majority of cases, cited more than the runner up papers and is, in most cases, cited more than the median paper.

Suggested Citation

  • Tom Coupe, 2010. "Peer Review versus Citations - An Analysis of Best Paper Prizes," Discussion Papers 35, Kyiv School of Economics.
    • Handle: RePEc:kse:dpaper:35
    Note: Submitted to Economic Journal
    as

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    File URL: http://repec.kse.org.ua/pdf/KSE_dp35.pdf
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    References listed on IDEAS

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    1. Bornmann, Lutz & Marx, Werner & Schier, Hermann & Rahm, Erhard & Thor, Andreas & Daniel, Hans-Dieter, 2009. "Convergent validity of bibliometric Google Scholar data in the field of chemistry—Citation counts for papers that were accepted by Angewandte Chemie International Edition or rejected but published els," Journal of Informetrics, Elsevier, vol. 3(1), pages 27-35.
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    5. Blank, Rebecca M, 1991. "The Effects of Double-Blind versus Single-Blind Reviewing: Experimental Evidence from The American Economic Review," American Economic Review, American Economic Association, vol. 81(5), pages 1041-1067, December.
    6. Daniel S. Hamermesh & Peter Schmidt, 2003. "The Determinants of Econometric Society Fellows Elections," Econometrica, Econometric Society, vol. 71(1), pages 399-407, January.
    7. Glenn Ellison, 2002. "Evolving Standards for Academic Publishing: A q-r Theory," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 994-1034, October.
    8. Valerie Smeets & Frédèric warzynski & Tom Coupé, 2006. "Does the Academic Labor Market Initially Allocate New Graduates Efficiently?," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 161-172, Summer.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Journal editors are poor selectors of best papers
      by Economic Logician in Economic Logic on 2011-01-13 21:05:00

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    Cited by:

    1. V. Ginsburgh & Sheila Weyers, 2014. "Nominees, winners, and losers," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(4), pages 291-313, November.
    2. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Benno Torgler, 2013. "Does the John Bates Clark Medal boost subsequent productivity and citation success?," ECON - Working Papers 111, Department of Economics - University of Zurich.
    3. Daniel S. Hamermesh, 2018. "Citations in Economics: Measurement, Uses, and Impacts," Journal of Economic Literature, American Economic Association, vol. 56(1), pages 115-156, March.
    4. Hofmeister Robert & Krapf Matthias, 2011. "How Do Editors Select Papers, and How Good are They at Doing It?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-23, October.

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    More about this item

    Keywords

    peer review; citations; academic quality; performance evaluation;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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