The Institutional Source and Concentration of Financial Research

Klemkosky, Robert C.; Tuttle, Donald L.

doi:10.2307/2326321

Cited by 36 publications

(30 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Since articles differ so in importance, the characteristics of significant articles are of some interest. The relationship between article impact and the author's institutional affiliation is of especial interest, since previous studies [8,7] have indicated that the production of finance articles appears to be concentrated at a relatively few institutions. Klemkosky and Tuttle [8] found that of the 262 institutions (academic and nonacademic) whose faculty or employees published in the finance and finance-related journals which they considered, 6 institutions accounted for one quarter of the total pages published and 35 accounted for 2/3rds of the pages published.…”

Section: The Institutional Concentration Of Significant Financiamentioning

confidence: 99%

Aspects of the Production of Significant Financial Research

Ederington¹

1979

The Journal of Finance

View full text Add to dashboard Cite

ALTHOUGH IT IS NOT a perfect measure, an academic publication's impact or significance can probably best be judged by the number of times it is cited by subsequent articles in the field. Using this index of significance for articles published in the Journal of Finance (JOF) and the Journal of Financial and Quantitative Analysis (JFQA) over the period 1967-1972, this article explores several aspects of the production and publication of 'significant' financial research. Key questions are the extent to which finance articles differ in their impact, how highly cited articles differ from articles which are rarely cited, and the extent to which a ranking of finance departments by citations differs from a ranking in terms of articles or pages published.Since the study is based on the proposition that an article's significance or quality can best be measured in terms of the number of times it is cited by other writers, the advantages and disadvantages of this measure are discussed in Part I before the significance and importance of financial research articles are explored in Part II and before questions concerning article importance and the author's institutional affiliation are considered in III. Characteristics of significant articles are examined in Part IV and the study's results are summarized in V. I. Citation Counts as Indices of Importance As noted above, this study uses the number of times an article appears in the reference lists of subsequent articles as an index of the original article's signifi-cance or importance. These citations were obtained from the Social Science Citation Index (SSCI) which was first published in 1974 and has since been published for the years 1969 to date. For articles published in JOF or JFQA during the period 1968-1971, our citation counts consisted of all citations from subsequent articles which were listed in the SSCI over a six year period beginning the year after publication.' Since the SSCI was not available for 1968 and 1978, only five years of citations were collected for articles published in 1967 and 1972. Only the articles for which a full six years of citation data were available (345 articles from 1968 through 1971) are used for the statistical tests in this study. The rankings of articles and institutions are based on the expanded sample (528 articles) after adjustment of the citation counts for 1968 and 1972 articles to a six year basis. For the average article with a full six years of data, the citations in the * Georgia State University. 'The list of journals from which the Social Science Citation Index collects citations is quite extensive and is listed in any volume of the SSCI. 777

show abstract

Section: The Institutional Concentration Of Significant Financiamentioning

confidence: 99%

Aspects of the Production of Significant Financial Research

Ederington¹

1979

The Journal of Finance

View full text Add to dashboard Cite

show abstract

“…During 1999During -2004, the top ten, 35, and 85 institutions comprise the first, second, and third quartiles of all articles published in these four finance journals. In comparison, Klemkosky and Tuttle (1977) find that the top eight and top 23 institutions comprise the upper two quartiles of output in the JF, JFE, andJFQA during 1966-1975;Niemi (1987) finds the first two quartiles consist of the top eight and top 28 institutions publishing in the same three journals over 1975-1986and Borokhovich, Bricker, Brunarski and Simkins (1995) show that the top 13 and top 27 institutions account for the first two quartiles of articles published in 16 core finance journals (including the JF, JFE, JFQA, and RFS) during 1989-1993. While institutions in the second and lower quartiles frequently move up and down ranking lists from study to study and across different sample periods (Chan, Chen and Steiner, 2002), there has been remarkable stability in the Table 1 Institutional ranks and finance research productivity, 1999-2004…”

Section: Sample Compositionmentioning

confidence: 92%

“…Prestigious institutions can achieve a concentration of talent that leads to an even greater accumulation of resources. Indeed, the association between authorship concentration and access to reputational or physical capital appears universal in academics, and has been observed to some extent in finance journal publications since at least Klemkosky and Tuttle (1977) and Ederington (1979).…”

Section: Research Production and Resource Allocationmentioning

confidence: 98%

The External Funding of Academic Finance Research

Kuipers

Pruitt

2008

The Financial Review

View full text Add to dashboard Cite

We analyze the external funding of academic finance research. We show that funding is uncommon, particularly for U.S.-based faculty, and is related to predictable attributes of an author's reputational capital. Further, when research is funded we find it is associated with better articles, as measured by publication in the most prestigious journals and the receipt of increased citations over time. Our study has relevance for every stakeholder in the university's research mission in finance. Copyright (c) 2008, The Eastern Finance Association.

show abstract

“…In addition, department sizes have changed considerably over the past decade, and it would be very difficult to come up with an accurate annual measure of finance researchers at each institution. 'The procedures for measuring pages and crediting publications follow Klemkosky and Tuttle [3]. Table I shows the fifty leading finance programs based on total pages published in the three leading finance journals for 1975 through 1986.…”

Section: The Measure Of Research Outputmentioning

confidence: 99%

“…This study includes the same journals and the same measurement procedures used earlier by Klemkosky and Tuttle [3], but the research rankings in the two studies are very different. Klemkosky and Tuttle ranked nine institutions among the top thirty that are not among the leading thirty in this study.…”

Section: Comparison With Other Studiesmentioning

confidence: 99%

Institutional Contributions to the Leading Finance Journals, 1975 Through 1986: A Note

Niemi¹

1987

The Journal of Finance

View full text Add to dashboard Cite

The Institutional Source and Concentration of Financial Research

Cited by 36 publications

References 0 publications

Aspects of the Production of Significant Financial Research

Aspects of the Production of Significant Financial Research

The External Funding of Academic Finance Research

Institutional Contributions to the Leading Finance Journals, 1975 Through 1986: A Note

Contact Info

Product

Resources

About