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One-and-a-half decades of global research output in Finance: 1990–2004

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  • Kam Chan
  • Carl Chen
  • Peter Lung

Abstract

We provide a ranking of world finance research output by countries and institutions. Based upon 21 finance journals, the top five most productive countries are in the following order: U.S., U.K., Canada, Hong Kong, and Australia. We find that higher per capita GNP, English-speaking countries, and a capital market that offers her investors more protections are associated with higher level of finance literature production. New York University, the University of Pennsylvania, Harvard University, the University of Chicago, and UCLA take the top five spots among the 1,126 academic institutions with most JF-pages appeared in 21 finance journals during the 15-year period from 1990 to 2004. The share of U.S. in the top-100 institutions is overwhelming; 78 out of the top-100 institutions come from U.S. We also show some factors that help to explain the cross-institutional variations among a sub-sample of the institutions. Specifically, faculty size, catalyst effect, and per capita budget are positively associated with research output. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Kam Chan & Carl Chen & Peter Lung, 2007. "One-and-a-half decades of global research output in Finance: 1990–2004," Review of Quantitative Finance and Accounting, Springer, vol. 28(4), pages 417-439, May.
    • Handle: RePEc:kap:rqfnac:v:28:y:2007:i:4:p:417-439
    DOI: 10.1007/s11156-007-0018-y
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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. Dengsheng Wu & Minglu Li & Xiaoqian Zhu & Hongfang Song & Jianping Li, 2015. "Ranking the research productivity of business and management institutions in Asia–Pacific region: empirical research in leading ABS journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 105(2), pages 1253-1272, November.
    3. Johan Fourie & Leigh Gardner, 2014. "The Internationalization of Economic History: A Puzzle," Economic History of Developing Regions, Taylor & Francis Journals, vol. 29(1), pages 1-14, June.
    4. Rose Prasad & S. Benjamin Prasad, 2009. "Output versus salient impact in financial economics," Applied Financial Economics, Taylor & Francis Journals, vol. 19(21), pages 1697-1704.
    5. 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.

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    More about this item

    Keywords

    Finance research; Institutional ranking; Investor protection; G00; J40; J62;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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