Is Finance Research a “Normal Science”? A Bibliometric Study of the Structure and Development of Finance Research from 1988 to 2007

Schäffer, Utz; Nevries, Pascal; Fikus, Christian; Meyer, Matthias

doi:10.1007/bf03396818

Cited by 26 publications

(9 citation statements)

References 150 publications

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“…In the research work developed here, owing to our interest in implementing hierarchical cluster analysis as the main multivariate analysis technique and because that choice has proved to be particularly effective when developing such an analysis (e.g., Greene et al, 2008;Schäffer et al, 2011), a decision was made not to use Pearson's r coefficient, using a co-citation value or relative frequency known as CoCit-Score or index and proposed by Gmür (2003) instead as a similarity measure in order to achieve a 'similarity between pairs' matrix S so that the similarity between each pair of documents (Pi, Pj) would be given by their absolute co-citation frequency normalised with respect to the minimum and the average number of citations received by each one of them separately considered:…”

Section: Methodsmentioning

confidence: 99%

Organisational ambidexterity: a literature review using bibliometric methods

García¹,

Marco‐Lajara²,

Lillo³

2017

IJBBM

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Abstract:The present research work shows the results of an analysis about the existing literature on one of the 'topics' which is currently raising great interest among scholars and researchers in the fields of strategic management and organisation science, namely: organisational ambidexterity. More precisely, and seeking to identify and visualise the intellectual structure or knowledge base of the research developed in relation to this construct, a decision was made to analyse a total of 283 research papers which appeared after the publication in the journal California Management Review in the summer of 1996 of the seminal work by Tushman and O'Reilly III entitled 'Ambidextrous Organizations: Managing Evolutionary and Revolutionary Change', where these authors suggested that organisations need to explore and exploit simultaneously if they want to be ambidextrous. As for the methodology applied, it was based on the utilisation of bibliometric techniques -particularly citation analyses and author co-citation analyses (ACA) -and social networks analysis (SNA).

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Section: Methodsmentioning

confidence: 99%

Organisational ambidexterity: a literature review using bibliometric methods

García¹,

Marco‐Lajara²,

Lillo³

2017

IJBBM

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“…Among them, Schäffer et al (2011) extensively reviews work on financial strategy before the 2008 financial crisis. They found evidence that the influence of macro and monetary policies within countries as the occurrence of vacancy factor to market behaviour.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They also emphasise the dominance of competition among developed countries as the "body of knowledge" of strategic finance as a mean of risk assessment. Nevertheless, for the pre-crisis period, the study from Schäffer et al (2011) does not include the psychological elements of global macroeconomic conditions in their study. However, these elements should be considered as they could influence the behaviour of the whole global financial market.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Indeed, the impact of this role has spread throughout the world. Schäffer et al (2011) found that many researchers on finance fail to pay due attention to the effect of The Fed's quantitative easing because they use too normative a research approach. These effects might be better understood if the "linkage theory" of the macro economy is used.…”

Section: Introductionmentioning

confidence: 99%

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Technical Note: The Effect of The Fed’s Quantitative Easing Policy on the Performance of Listed Companies and the Banking Sector in Indonesia

Rizky¹

2015

AABFJ

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While the efficient market hypothesis suggests that stock price reflects the fundamental condition of companies, which could affect investors' decisions, this technical note reports empirical evidence that stock price is also influenced by the public's perception of the market situation. This note shows that the source of funds circulating in the Indonesia Stock Exchange is related to excess liquidity resulting from the policy of quantitative easing (QE) by developed countries' central banks. Banks funding assets with debt results in leverage relationships with the Capital Adequacy Ratio (CAR) negatively affected. Thus it is evident that the Indonesian banking strategy is "reactive" and is influenced by external factors. External factors can be influenced by global issues as well as internal (enterprise performance) issues. Therefore foreign and global issues may be important (perhaps dominant) in determining the perceptions of the Indonesian stock market. AbstractWhile the efficient market hypothesis suggests that stock price reflects the fundamental condition of companies, which could affect investors' decisions, this technical note reports empirical evidence that stock price is also influenced by the public's perception of the market situation. This note shows that the source of funds circulating in the Indonesia Stock Exchange is related to excess liquidity resulting from the policy of quantitative easing (QE) by developed countries' central banks. Banks funding assets with debt results in leverage relationships with the Capital Adequacy Ratio (CAR) negatively affected. Thus it is evident that the Indonesian banking strategy is "reactive" and is influenced by external factors. External factors can be influenced by global issues as well as internal (enterprise performance) issues. Therefore foreign and global issues may be important (perhaps dominant) in determining the perceptions of the Indonesian stock market.

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“…En el trabajo aquí desarrollado, dado nuestro interés por aplicar como principal técnica de análisis multivariante el análisis clúster jerárquico y a que dicha elección ha mostrado ser particularmente efectiva cuando se desarrolla un análisis de este tipo (Greene, Freyne, Smyth y Cunningham, 2008;Schäffer, Nevries, Fikus y Meyer, 2011), en vez de hacer uso del coeficiente de correlación r de Pearson, un valor o frecuencia relativa de co-citación, conocido como puntuación o índice CoCit-Score propuesto por Gmür (2003), fue utilizado como medida de similaridad para la obtención de una matriz de similaridades entre pares, S, de forma que la similaridad entre cada par de documentos (Pi, Pj) vendría dada por su frecuencia absoluta de co-citación normalizada respecto al mínimo y la media de las citas recibidas por cada uno de ellos considerados por separado:…”

Section: Metodologíaunclassified