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Production in the Finance Literature, Institutional Reputation, and Labor Mobility in Academia: A Global Perspective

Author

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  • Kam C. Chan
  • Carl R. Chen
  • Thomas L. Steiner

Abstract

Academic institutions are ranked on a global scale in terms of finance literature productivity. US institutions are dominant in academic publishing although European and Asian institutions have improved significantly in recent years. Additionally, we study the relationship between the quality of human capital and the likelihood of an upward career move. Our results show that an individual relocates to a higher-ranked institution exhibits a research record that is two times stronger than that of an average faculty member at the destination institution. We further model the probability of an upward move in the academic labor market as a function of human capital using an ordered logistic model. We find that publications in sixteen core journals, publications in three top journals, and the rank of the Ph.D. granting institution enhance the probability of moving to a higher ranked institution. On the other hand, the length of teaching experience decreases this probability.

Suggested Citation

  • 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.
  • Handle: RePEc:fma:fmanag:chan02
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    References listed on IDEAS

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    Cited by:

    1. Kim, E. Han & Morse, Adair & Zingales, Luigi, 2009. "Are elite universities losing their competitive edge?," Journal of Financial Economics, Elsevier, vol. 93(3), pages 353-381, September.
    2. Chung, Kee H. & Cox, Raymond A.K. & Kim, Kenneth A., 2009. "On the relation between intellectual collaboration and intellectual output: Evidence from the finance academe," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 893-916, August.
    3. Chan, Kam C. & Chen, Carl R. & Lung, Peter P., 2005. "Ranking of finance programs in the Asia-Pacific region: An update," Pacific-Basin Finance Journal, Elsevier, vol. 13(5), pages 584-600, November.
    4. Geuna, Aldo & Shibayama, Sotaro, 2015. "Moving Out Of Academic Research: Why Scientists Stop Doing Research?," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201503, University of Turin.
    5. 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.
    6. Chan, Kam C. & Chen, Carl R. & Lee, Tan (Charlene), 2011. "A long-term assessment of finance research performance among Asia-Pacific academic institutions (1990-2008)," Pacific-Basin Finance Journal, Elsevier, vol. 19(1), pages 157-171, January.
    7. Chan, Kam C. & Chang, Chih-Hsiang & Chang, Yuanchen, 2015. "The network effects of publishing in finance," The North American Journal of Economics and Finance, Elsevier, vol. 33(C), pages 305-316.
    8. 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.
    9. 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.
    10. repec:eee:empfin:v:42:y:2017:i:c:p:155-174 is not listed on IDEAS
    11. 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.
    12. Borokhovich, Kenneth A. & Lee, Allissa A. & Simkins, Betty J., 2011. "A framework for journal assessment: The case of the Journal of Banking & Finance," Journal of Banking & Finance, Elsevier, vol. 35(1), pages 1-6, January.
    13. 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.

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