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Journal Impact Factor, Eigenfactor, Journal Influence and Article Influence

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  • Chia-Lin Chang

    (Department of Applied Economics Department of Finance, National Chung Hsing University Taichung, Taiwan)

  • Michael McAleer

    (Erasmus University Rotterdam,Tinbergen Institute,Kyoto University,Complutense University of Madrid)

  • Les Oxley

    (Department of Economics University of Waikato New Zealand)

Abstract

This paper examines the practical usefulness of two new journal performance metrics, namely the Eigenfactor score, which may be interpreted as measuring “Journal Influence”, and the Article Influence score, using the Thomson Reuters ISI Web of Science (hereafter ISI) data for 2009 for the 200 most highly cited journals in each of the Sciences and Social Sciences, and compares them with two existing ISI metrics, namely Total Citations and the 5- year Impact Factor (5YIF) of a journal (including journal self citations). It is shown that the Sciences and Social Sciences are different in terms of the strength of the relationship of journal performance metrics, although the actual relationships are very similar. Moreover, the journal influence and article influence journal performance metrics are shown to be closely related empirically to the two existing ISI metrics, and hence add little in practical usefulness to what is already known. These empirical results are compared with existing results in the literature.

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File URL: http://www.kier.kyoto-u.ac.jp/DP/DP822.pdf
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Bibliographic Info

Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 822.

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Date of creation: Jun 2012
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Handle: RePEc:kyo:wpaper:822

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Keywords: Journal performance metrics; Research assessment measures; Total citations; 5-year impact factor (5YIF); Eigenfactor; Journal and Article influence.;

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  1. Chia-Lin Chang & Michael McAleer & Les Oxley, 2010. "What Makes a Great Journal Great in Economics? The Singer Not the Song," KIER Working Papers 706, Kyoto University, Institute of Economic Research.
  2. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "How are Journal Impact, Prestige and Article Influence Related? An Application to Neuroscience," Working Papers in Economics 11/06, University of Canterbury, Department of Economics and Finance.
  3. Chia-Lin Chang & Esfandiar Maasoumi & Michael McAleer, 2012. "Robust Ranking of Journal Quality: An Application to Economics," Documentos del Instituto Complutense de Análisis Económico 2012-05, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, revised Mar 2012.
  4. Chang, C-L. & McAleer, M.J., 2011. "Citations and Impact of ISI Tourism and Hospitality Journals," Econometric Institute Research Papers EI2011-26, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  5. Chia-Lin Chang & Michael McAleer & Les Oxley, 2010. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," Working Papers in Economics 10/36, University of Canterbury, Department of Economics and Finance.
  6. Chia-Lin Chang & Michael McAleer, 2013. "Ranking journal quality by harmonic mean of ranks: an application to ISI statistics & probability," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 67(1), pages 27-53, 02.
  7. Franceschet, Massimo, 2010. "Journal influence factors," Journal of Informetrics, Elsevier, vol. 4(3), pages 239-248.
  8. Chia-Lin Chang & Michael McAleer & Les Oxley, 2010. "What Makes a Great Journal Great in the Sciences? Which Came First, the Chicken or the Egg?," KIER Working Papers 746, Kyoto University, Institute of Economic Research.
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