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Bias against novelty in science: A cautionary tale for users of bibliometric indicators

Author

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  • Jian Wang
  • Reinhilde Veugelers
  • Paula Stephan

Abstract

Research which explores unchartered waters has a high potential for major impact but also carries a high uncertainty of having minimal impact. Such explorative research is often described as taking a novel approach. This study examines the complex relationship between pursuing a novel approach and impact. We measure novelty by examining the extent to which a published paper makes first time ever combinations of referenced journals, taking into account the difficulty of making such combinations. We apply this newly developed measure of novelty to a set of one million research articles across all scientific disciplines. We find that highly novel papers, defined to be those that make more (distinct) new combinations, have more than a triple probability of being a top 1% highly cited paper when using a sufficiently long citation time window to assess impact. Moreover, follow-on papers that cite highly novel research are themselves more likely to be highly cited. However, novel research is also risky as it has a higher variance in the citation performance. These findings are consistent with the “high risk/high gain” characteristic of novel research. We also find that novel papers are typically published in journals with a lower than expected Impact Factor and are less cited when using a short time window. Our findings suggest that science policy, in particular funding decisions which are over reliant on traditional bibliometric indicators based on short-term direct citation counts and Journal Impact Factors, may be biased against novelty.

Suggested Citation

  • Jian Wang & Reinhilde Veugelers & Paula Stephan, 2015. "Bias against novelty in science: A cautionary tale for users of bibliometric indicators," Working Papers of Department of Management, Strategy and Innovation, Leuven 520305, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
  • Handle: RePEc:ete:msiper:520305
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    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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