IDEAS home Printed from https://ideas.repec.org/a/bla/finmgt/v53y2024i1p31-58.html
   My bibliography  Save this article

Academic publishing behavior and pay across business fields

Author

Listed:
  • Jon A. Garfinkel
  • Mosab Hammoudeh
  • James Weston

Abstract

Academic finance faculty earn a premium relative to other business school faculty. We show that the rewards to publishing outside of the top journals (JF, JFE, RFS) are significantly lower in finance relative to a broader set of journals in other business school fields. Revealed preferences from a journal submission survey suggest these incentives influence behavior. We estimate a lower unconditional probability of a top publication in finance, which raises its marginal value, leading to higher compensation. The opportunity cost of academic finance versus industry is also larger relative to other departments. Our results complement a number of recent studies on the rise of finance industry wages and suggest a novel channel that raises the production costs of finance‐educated workers.

Suggested Citation

  • Jon A. Garfinkel & Mosab Hammoudeh & James Weston, 2024. "Academic publishing behavior and pay across business fields," Financial Management, Financial Management Association International, vol. 53(1), pages 31-58, March.
    • Handle: RePEc:bla:finmgt:v:53:y:2024:i:1:p:31-58
    DOI: 10.1111/fima.12445
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/fima.12445
    Download Restriction: no
    File URL: https://libkey.io/10.1111/fima.12445?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Thomas Philippon & Ariell Reshef, 2013. "An International Look at the Growth of Modern Finance," Journal of Economic Perspectives, American Economic Association, vol. 27(2), pages 73-96, Spring.
    2. Ulf Axelson & Philip Bond, 2015. "Wall Street Occupations," Journal of Finance, American Finance Association, vol. 70(5), pages 1949-1996, October.
    3. 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.
    4. Apostolos Ballas & Vasilis Theoharakis, 2003. "Exploring Diversity in Accounting through Faculty Journal Perceptions," Contemporary Accounting Research, John Wiley & Sons, vol. 20(4), pages 619-644, December.
    5. Oltheten, Elisabeth & Theoharakis, Vasilis & Travlos, Nickolaos G., 2005. "Faculty Perceptions and Readership Patterns of Finance Journals: A Global View," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 40(1), pages 223-239, March.
    6. Thomas Philippon & Ariell Reshef, 2012. "Wages and Human Capital in the U.S. Finance Industry: 1909--2006," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(4), pages 1551-1609.
    7. Jonathan Brogaard & Joseph Engelberg & Edward Van Wesep, 2018. "Do Economists Swing for the Fences after Tenure?," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 179-194, Winter.
    8. Currie, Russell R. & Pandher, Gurupdesh S., 2020. "Finance journal rankings: Active scholar assessment revisited," Journal of Banking & Finance, Elsevier, vol. 111(C).
    9. repec:bla:jfinan:v:53:y:1998:i:1:p:351-363 is not listed on IDEAS
    10. Merigó, José M. & Yang, Jian-Bo, 2017. "A bibliometric analysis of operations research and management science," Omega, Elsevier, vol. 73(C), pages 37-48.
    11. Kam C. Chan & Kartono Liano, 2009. "Threshold citation analysis of influential articles, journals, institutions and researchers in accounting," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(1), pages 59-74, March.
    12. McFadden, Daniel, 1974. "The measurement of urban travel demand," Journal of Public Economics, Elsevier, vol. 3(4), pages 303-328, November.
    13. Brian D. Bell & John Van Reenen, 2013. "Extreme Wage Inequality: Pay at the Very Top," American Economic Review, American Economic Association, vol. 103(3), pages 153-157, May.
    14. Philip M. Podsakoff & Scott B. MacKenzie & Daniel G. Bachrach & Nathan P. Podsakoff, 2005. "The influence of management journals in the 1980s and 1990s," Strategic Management Journal, Wiley Blackwell, vol. 26(5), pages 473-488, May.
    15. Tuckman, Howard P & Leahey, Jack, 1975. "What Is an Article Worth?," Journal of Political Economy, University of Chicago Press, vol. 83(5), pages 951-967, October.
    16. 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.
    17. Bajo, Emanuele & Barbi, Massimiliano & Hillier, David, 2020. "Where should I publish to get promoted? A finance journal ranking based on business school promotions," Journal of Banking & Finance, Elsevier, vol. 114(C).
    18. John Gibson & David L. Anderson & John Tressler, 2017. "Citations Or Journal Quality: Which Is Rewarded More In The Academic Labor Market?," Economic Inquiry, Western Economic Association International, vol. 55(4), pages 1945-1965, October.
    19. Walker, Kenton B. & Fleischman, Gary M. & Stephenson, Teresa, 2010. "The incidence of documented standards for research in departments of accounting at US institutions," Journal of Accounting Education, Elsevier, vol. 28(2), pages 43-57.
    20. Vikas Mittal & Lawrence Feick & Feisal Murshed, 2008. "Publish and Prosper: The Financial Impact of Publishing by Marketing Faculty," Marketing Science, INFORMS, vol. 27(3), pages 430-442, 05-06.
    21. Beggs, S. & Cardell, S. & Hausman, J., 1981. "Assessing the potential demand for electric cars," Journal of Econometrics, Elsevier, vol. 17(1), pages 1-19, September.
    22. Netter, Jeffry M. & Poulsen, Annette B. & Kieser, William P., 2018. "What does it take? Comparison of research standards for promotion in finance," Journal of Corporate Finance, Elsevier, vol. 49(C), pages 379-387.
    23. Zivney, Terry L & Bertin, William J, 1992. "Publish or Perish: What the Competition Is Really Doing," Journal of Finance, American Finance Association, vol. 47(1), pages 295-329, March.
    24. Bonner, Sarah E. & Hesford, James W. & Van der Stede, Wim A. & Young, S. Mark, 2006. "The most influential journals in academic accounting," Accounting, Organizations and Society, Elsevier, vol. 31(7), pages 663-685, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Domingo Docampo & Vicente Safón, 2021. "Journal ratings: a paper affiliation methodology," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 8063-8090, September.
    2. S. Douglas Beets & Andrea S. Kelton & Bruce R. Lewis, 2015. "An assessment of accounting journal quality based on departmental lists," Scientometrics, Springer;Akadémiai Kiadó, vol. 102(1), pages 315-332, January.
    3. Grossmann, Axel & Lee, Allissa, 2022. "An analysis of finance journal accessibility: Author inclusivity and journal quality," Journal of Banking & Finance, Elsevier, vol. 138(C).
    4. Bajo, Emanuele & Barbi, Massimiliano & Hillier, David, 2020. "Where should I publish to get promoted? A finance journal ranking based on business school promotions," Journal of Banking & Finance, Elsevier, vol. 114(C).
    5. Lowe, D. Jordan & Van Fleet, David D., 2009. "Scholarly achievement and accounting journal editorial board membership," Journal of Accounting Education, Elsevier, vol. 27(4), pages 197-209.
    6. Berninger, Marc & Kiesel, Florian & Schiereck, Dirk & Gaar, Eduard, 2021. "Citations and the readers’ information-extracting costs of finance articles," Journal of Banking & Finance, Elsevier, vol. 131(C).
    7. Arnold, Lutz G. & Zelzner, Sebastian, 2022. "Financial trading versus entrepreneurship: Competition for talent and negative feedback effects," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 186-199.
    8. Jesse Y. Chan & Kam C. Chan & Jamie Y. Tong & Feida (Frank) Zhang, 2016. "Using Google Scholar citations to rank accounting programs: a global perspective," Review of Quantitative Finance and Accounting, Springer, vol. 47(1), pages 29-55, July.
    9. Enrico Miersch, 2020. "Research Evaluation of Financial Research - Evidence from a Survey," Credit and Capital Markets, Credit and Capital Markets, vol. 53(3), pages 383-419.
    10. 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.
    11. Wai Ching Poon & Gareth D. Leeves, 2017. "Is there gender gap unequivocally? Evidence from research output 1958–2008," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(3), pages 1687-1701, June.
    12. José M. Merigó & Jian-Bo Yang, 2017. "Accounting Research: A Bibliometric Analysis," Australian Accounting Review, CPA Australia, vol. 27(1), pages 71-100, March.
    13. Kerl, Alexander & Miersch, Enrico & Walter, Andreas, 2018. "Evaluation of academic finance conferences," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 26-38.
    14. Francesco D'Acunto & Laurent Frésard, 2018. "Finance, Talent Allocation, and Growth," CESifo Working Paper Series 6883, CESifo.
    15. Wenting Ma, 2024. "Employer Dominance and Worker Earnings in Finance," Working Papers 24-41, Center for Economic Studies, U.S. Census Bureau.
    16. Rosenstreich, Daniela & Wooliscroft, Ben, 2009. "Measuring the impact of accounting journals using Google Scholar and the g-index," The British Accounting Review, Elsevier, vol. 41(4), pages 227-239.
    17. Sharad Asthana & Steven Balsam, 2012. "Market for Accounting Faculty This paper addresses compensation of a group of individuals of particular interest to the target audience – accounting faculty. We observe that salary increases with publ," Working Papers 0003, College of Business, University of Texas at San Antonio.
    18. Chan, Kam C. & Chan, Kam C. & Seow, Gim S. & Tam, Kinsun, 2009. "Ranking accounting journals using dissertation citation analysis: A research note," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 875-885, August.
    19. Brenda Cheang & Chongshou Li & Andrew Lim & Zhenzhen Zhang, 2015. "Identifying patterns and structural influences in the scientific communication of business knowledge," Scientometrics, Springer;Akadémiai Kiadó, vol. 103(1), pages 159-189, April.
    20. Hamid Boustanifar & Everett Grant & Ariell Reshef, 2018. "Wages and Human Capital in Finance: International Evidence, 1970–2011 [Financial reform: what shakes it? What shapes it?]," Review of Finance, European Finance Association, vol. 22(2), pages 699-745.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:finmgt:v:53:y:2024:i:1:p:31-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/fmaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.