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Finance journal rankings and tiers: An Active Scholar Assessment methodology


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


This study uses respondent data from a web-based survey of active finance scholars (45% response rate from 37 countries) to endogenously rank 83 finance journals by quality and importance. Journals are further tiered into four groups (A, B, C and D) and stratified into "upper", "middle" and "lower" tier categories (e.g. A+, A and A-) by estimating a nested regression with random journal-within-tier effects. The comprehensive and endogenous ranking of finance journals based on the Active Scholar Assessment (ASA) methodology can help authors evaluate the strategic aspects of placing their research, facilitate assessment of research achievement by tenure and promotion committees; and assist university libraries in better managing their journal resources. Study findings from active researchers in the field also provide useful guidance to editorial boards for enhancing their journal standing.

Suggested Citation

  • 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.
  • Handle: RePEc:eee:jbfina:v:35:y:2011:i:1:p:7-20

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    References listed on IDEAS

    1. Schweser, Carl, 1977. "The Doctoral Origins of Contributors to the Journal of Finance from 1964 through 1975," Journal of Finance, American Finance Association, vol. 32(3), pages 908-910, June.
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    5. Brown, Lawrence D, 2003. "Ranking Journals Using Social Science Research Network Downloads," Review of Quantitative Finance and Accounting, Springer, vol. 20(3), pages 291-307, May.
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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(03), pages 491-497, September.
    8. Niemi, Albert W, Jr, 1987. " Institutional Contributions to the Leading Finance Journals, 1975 through 1986: A Note," Journal of Finance, American Finance Association, vol. 42(5), pages 1389-1397, December.
    9. 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.
    10. Tom Arnold, 2003. "Impact: What Influences Finance Research?," The Journal of Business, University of Chicago Press, vol. 76(2), pages 343-362, April.
    11. Cox, Raymond A K & Chung, Kee H, 1991. "Patterns of Research Output and Author Concentration in the Economics Literature," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 740-747, November.
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    Cited by:

    1. repec:spr:scient:v:95:y:2013:i:3:d:10.1007_s11192-012-0892-5 is not listed on IDEAS
    2. Wohlrabe, Klaus, 2016. "Taking the Temperature: A Meta-Ranking of Economics Journals," MPRA Paper 68933, University Library of Munich, Germany.
    3. 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.
    4. Matthias Weber, 2016. "The Effects of Listing Authors in Alphabetical Order: A survey of the Empirical Evidence," Bank of Lithuania Occasional Paper Series 12, Bank of Lithuania.
    5. repec:spr:climat:v:143:y:2017:i:1:d:10.1007_s10584-017-1985-1 is not listed on IDEAS
    6. Lutz Bornmann & Alexander Butz & Klaus Wohlrabe, 2018. "What are the top five journals in economics? A new meta-ranking," Applied Economics, Taylor & Francis Journals, vol. 50(6), pages 659-675, February.
    7. Kadel, Annke & Walter, Andreas, 2015. "Do scholars in Economics and Finance react to alphabetical discrimination?," Finance Research Letters, Elsevier, vol. 14(C), pages 64-68.
    8. Theodore Eisenberg & Martin T. Wells, 2014. "Ranking Law Journals And The Limits Of Journal Citation Reports," Economic Inquiry, Western Economic Association International, vol. 52(4), pages 1301-1314, October.
    9. M. Ryan Haley, 2013. "Rank variability of the Publish or Perish metrics for economics and finance journals," Applied Economics Letters, Taylor & Francis Journals, vol. 20(9), pages 830-836, June.
    10. Tüselmann, Heinz & Sinkovics, Rudolf R. & Pishchulov, Grigory, 2016. "Revisiting the standing of international business journals in the competitive landscape," Journal of World Business, Elsevier, vol. 51(4), pages 487-498.
    11. repec:bla:ausact:v:27:y:2017:i:1:p:71-100 is not listed on IDEAS
    12. Antonio García-Romero & Daniel Santín & Gabriela Sicilia, 2016. "Another brick in the wall: a new ranking of academic journals in Economics using FDH," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(1), pages 91-101, April.
    13. repec:eee:jbfina:v:89:y:2018:i:c:p:26-38 is not listed on IDEAS
    14. repec:eee:finana:v:58:y:2018:i:c:p:235-246 is not listed on IDEAS
    15. repec:eee:empfin:v:42:y:2017:i:c:p:155-174 is not listed on IDEAS
    16. Kam C. Chan & Anna Fung & Hung-Gay Fung & Jot Yau, 2016. "A Citation Analysis of Business Ethics Research: A Global Perspective," Journal of Business Ethics, Springer, vol. 136(3), pages 557-573, July.
    17. Millet-Reyes, Benedicte, 2013. "The impact of citations in International Finance," Global Finance Journal, Elsevier, vol. 24(2), pages 129-139.
    18. 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.


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