IDEAS home Printed from https://ideas.repec.org/a/eee/riibaf/v70y2024ipbs0275531924001946.html
   My bibliography  Save this article

Sleeping beauties in finance

Author

Listed:
  • Yang, Yu-Hsiang
  • Chiang, Yao-Min
  • Lin, Hung-Lung

Abstract

The term ‘sleeping beauty’ (SB) is commonly used to describe scholarly articles that go unnoticed for extended periods before suddenly gaining significant attention and seeing a surge in citations. In this research, we utilize both the three-parameter and citation delay methods to identify twenty instances of such sleeping beauty phenomena within the field of finance. This includes five influential works written by Nobel Prize laureates. We conduct an in-depth analysis of the content in two renowned sleeping beauty publications, specifically Markowitz's work from 1952 and Vickrey's from 1961, to uncover their lasting contributions to the field of finance. Additionally, this paper pinpoints potential candidates that may achieve SB status in the finance domain.

Suggested Citation

  • Yang, Yu-Hsiang & Chiang, Yao-Min & Lin, Hung-Lung, 2024. "Sleeping beauties in finance," Research in International Business and Finance, Elsevier, vol. 70(PB).
  • Handle: RePEc:eee:riibaf:v:70:y:2024:i:pb:s0275531924001946
    DOI: 10.1016/j.ribaf.2024.102401
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0275531924001946
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.ribaf.2024.102401?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Shank, Corey A. & Vianna, Andre C., 2016. "Are US-Dollar-Hedged-ETF investors aggressive on exchange rates? A panel VAR approach," Research in International Business and Finance, Elsevier, vol. 38(C), pages 430-438.
    2. Aurora A. C. Teixeira & Pedro Cosme Vieira & Ana Patrícia Abreu, 2017. "Sleeping Beauties and their princes in innovation studies," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(2), pages 541-580, February.
    3. Beaver, Wh, 1968. "Information Content Of Annual Earnings Announcements," Journal of Accounting Research, Wiley Blackwell, vol. 6, pages 67-92.
    4. Rodrigo Costas & Thed N. van Leeuwen & Anthony F.J. van Raan, 2010. "Is scientific literature subject to a ‘Sell-By-Date’? A general methodology to analyze the ‘durability’ of scientific documents," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 61(2), pages 329-339, February.
    5. Aurel Avramescu, 1979. "Actuality and Obsolescence of Scientific Literature," Journal of the American Society for Information Science, Association for Information Science & Technology, vol. 30(5), pages 296-303, September.
    6. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 322-322.
    7. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
    8. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    9. Anthony F J van Raan & Jos J Winnink, 2019. "The occurrence of ‘Sleeping Beauty’ publications in medical research: Their scientific impact and technological relevance," PLOS ONE, Public Library of Science, vol. 14(10), pages 1-34, October.
    10. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure - Reply," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 123-127.
    11. Miller, Edward M, 1977. "Risk, Uncertainty, and Divergence of Opinion," Journal of Finance, American Finance Association, vol. 32(4), pages 1151-1168, September.
    12. Helena H. Zhang & Fred Y. Ye, 2020. "Identifying ‘associated-sleeping-beauties’ in ‘swan-groups’ based on small qualified datasets of physics and economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 122(3), pages 1525-1537, March.
    13. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
    14. Jian Wang & Bart Thijs & Wolfgang Glänzel, 2015. "Interdisciplinarity and Impact: Distinct Effects of Variety, Balance, and Disparity," PLOS ONE, Public Library of Science, vol. 10(5), pages 1-18, May.
    15. Waltman, Ludo & van Eck, Nees Jan & van Leeuwen, Thed N. & Visser, Martijn S. & van Raan, Anthony F.J., 2011. "Towards a new crown indicator: Some theoretical considerations," Journal of Informetrics, Elsevier, vol. 5(1), pages 37-47.
    16. William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, March.
    17. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 71-111.
    18. Jian Du & Yishan Wu, 2018. "A parameter-free index for identifying under-cited sleeping beauties in science," Scientometrics, Springer;Akadémiai Kiadó, vol. 116(2), pages 959-971, August.
    19. Jiang Li, 2014. "Citation curves of “all-elements-sleeping-beauties”: “flash in the pan” first and then “delayed recognition”," Scientometrics, Springer;Akadémiai Kiadó, vol. 100(2), pages 595-601, August.
    20. Jiang Li & Dongbo Shi, 2016. "Sleeping beauties in genius work: When were they awakened?," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 67(2), pages 432-440, February.
    21. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    22. Jian Wang, 2013. "Citation time window choice for research impact evaluation," Scientometrics, Springer;Akadémiai Kiadó, vol. 94(3), pages 851-872, March.
    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. Jianhua Hou & Xiucai Yang, 2019. "Patent sleeping beauties: evolutionary trajectories and identification methods," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(1), pages 187-215, July.
    2. Onodera, Natsuo, 2016. "Properties of an index of citation durability of an article," Journal of Informetrics, Elsevier, vol. 10(4), pages 981-1004.
    3. Miura, Takahiro & Asatani, Kimitaka & Sakata, Ichiro, 2023. "Revisiting the uniformity and inconsistency of slow-cited papers in science," Journal of Informetrics, Elsevier, vol. 17(1).
    4. Abdelghani Maddi, 2018. "Analyse scientométrique de la crise économique," CEPN Working Papers 2018-08, Centre d'Economie de l'Université de Paris Nord.
    5. Min, Chao & Sun, Jianjun & Pei, Lei & Ding, Ying, 2016. "Measuring delayed recognition for papers: Uneven weighted summation and total citations," Journal of Informetrics, Elsevier, vol. 10(4), pages 1153-1165.
    6. Marielle de Jong & Lauren Stagnol, 2016. "A fundamental bond index including solvency criteria," Journal of Asset Management, Palgrave Macmillan, vol. 17(4), pages 280-294, July.
    7. ZhangJian Zong & XuanZhen Liu & Hui Fang, 2018. "Sleeping beauties with no prince based on the co-citation criterion," Scientometrics, Springer;Akadémiai Kiadó, vol. 117(3), pages 1841-1852, December.
    8. Hakan Pabuccu & Adrian Barbu, 2024. "Feature selection with annealing for forecasting financial time series," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-26, December.
    9. repec:hal:cepnwp:hal-01922256 is not listed on IDEAS
    10. Zhang, Ruizhi & Wang, Jian & Mei, Yajun, 2017. "Search for evergreens in science: A functional data analysis," Journal of Informetrics, Elsevier, vol. 11(3), pages 629-644.
    11. Hui Fang, 2019. "A transition stage co-citation criterion for identifying the awakeners of sleeping beauty publications," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(1), pages 307-322, October.
    12. Kumar, Rahul & Deb, Soumya Guha & Mukherjee, Shubhadeep, 2020. "Do words reveal the latent truth? Identifying communication patterns of corporate losers," Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
    13. Helena H. Zhang & Fred Y. Ye, 2020. "Identifying ‘associated-sleeping-beauties’ in ‘swan-groups’ based on small qualified datasets of physics and economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 122(3), pages 1525-1537, March.
    14. Waita & M. Gichaiya & Mwasa & D. Ishmail, 2014. "Evaluation of Financial Distress: A Case Study of UCHUMI Supermarket Ltd," International Journal of Financial Economics, Research Academy of Social Sciences, vol. 3(3), pages 178-183.
    15. Iotti, Mattia, 2023. "Financial evaluation and credit access of agricultural firms," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 25(2), October.
    16. Hui Fang, 2018. "Analysing the variation tendencies of the numbers of yearly citations for sleeping beauties in science by using derivative analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 115(2), pages 1051-1070, May.
    17. Abdelghani Maddi, 2018. "Analyse scientométrique de la crise économique : Courants de pensée, auteurs influents et thématiques," Working Papers hal-01922256, HAL.
    18. Citterio, Alberto, 2024. "Bank failure prediction models: Review and outlook," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).
    19. Li Xian Liu & Shuangzhe Liu & Milind Sathye, 2021. "Predicting Bank Failures: A Synthesis of Literature and Directions for Future Research," JRFM, MDPI, vol. 14(10), pages 1-24, October.
    20. Mattia Iotti, 2023. "Financial evaluation and credit access of agricultural firms," Economia agro-alimentare, FrancoAngeli Editore, vol. 25(2), pages 31-67.
    21. Li, Chunyu & Lou, Chenxin & Luo, Dan & Xing, Kai, 2021. "Chinese corporate distress prediction using LASSO: The role of earnings management," International Review of Financial Analysis, Elsevier, vol. 76(C).

    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:eee:riibaf:v:70:y:2024:i:pb:s0275531924001946. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .

    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.