nep-sog New Economics Papers
on Sociology of Economics
Issue of 2014‒06‒02
seven papers chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

  1. Just How Good are the Top Three Journals in Finance? An Assessment Based on Quantity and Quality Citations By Chia-Lin Chang; Michael McAleer
  2. Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy By Bertocchi, Graziella; Gambardella, Alfonso; Jappelli, Tullio; Nappi, Carmela A.; Peracchi, Franco
  3. Does working with industry come at a price? A study of doctoral candidates’ performance in collaborative vs. non-collaborative PhD projects By Negin Salimi; Rudi Bekkers
  4. Preventing Economists' Capture By Zingales, Luigi
  5. Publikationsangaben von BWL-Professoren auf ihren Webseiten By Dilger, Alexander; Lütkenhöner, Laura
  6. Funding and Research Outcomes in PhD Programs By Roberto Nisticò
  7. Gender and Competition: Evidence from Academic Promotions in France By Bosquet, Clément; Combes, Pierre-Philippe; Garcia-Penalosa, Cecilia

  1. By: Chia-Lin Chang; Michael McAleer (University of Canterbury)
    Abstract: The paper is concerned with ranking academic journal quality and research impact in Finance, based on the widely-used Thomson Reuters ISI Web of Science citations database. The paper analyses the 89 leading international journals in the ISI category of “Business – Finance” using quantifiable Research Assessment Measures (RAMs). The analysis highlights the similarities and differences in various RAMs, all of which are based on alternative transformations of journal citations and impact. The paper calculates the harmonic mean of the ranks of up to 16 RAMs. It is shown that emphasizing 2YIF to the exclusion of other informative RAMs can lead to a misleading evaluation of journal quality and impact relative to the harmonic mean of the ranks. The analysis of the 89 ISI journals in Finance makes it clear that there are three leading journals in Finance, namely Journal of Finance, Journal of Financial Economics and Review of Financial Studies, which form an exclusive club in terms of the RAMs that measure journal quality and impact based on alternative measures of journal citations. The next two journals in Finance in terms of overall quality and impact are Journal of Accounting and Economics and Journal of Monetary Economics.
    Keywords: Research assessment measures, Impact factor, IFI, C3PO, PI-BETA, STAR, Eigenfactor, Article Influence, h-index, 5YD2, ICQ, ESC, harmonic mean of the ranks, finance, journal rankings
    JEL: C18 C81 Y10
    Date: 2014–05–23
  2. By: Bertocchi, Graziella; Gambardella, Alfonso; Jappelli, Tullio; Nappi, Carmela A.; Peracchi, Franco
    Abstract: A relevant question for the organization of large scale research assessments is whether bibliometric evaluation and informed peer review where reviewers know where the work was published, yield similar results. It would suggest, for instance, that less costly bibliometric evaluation might - at least partly - replace informed peer review, or that bibliometric evaluation could reliably monitor research in between assessment exercises. We draw on our experience of evaluating Italian research in Economics, Business and Statistics, where almost 12,000 publications dated 2004-2010 were assessed. A random sample from the available population of journal articles shows that informed peer review and bibliometric analysis produce similar evaluations of the same set of papers. Whether because of independent convergence in assessment, or the influence of bibliometric information on the community of reviewers, the implication for the organization of these exercises is that these two approaches are substitutes.
    Keywords: Bibliometric Evaluation; Peer Review; Research Assessment; VQR
    JEL: C80 I23 O30
    Date: 2013–11
  3. By: Negin Salimi; Rudi Bekkers
    Abstract: The increasing involvement of industry in academic research raised concerns whether university-industry projects actually meet the same academic standards as university projects in-house. Looking at the academic output and impact of collaborative versus non-collaborative Ph.D. projects at Eindhoven University of Technology, we observe – unexpectedly – that doctoral candidates who conducted a collaborative Ph.D. project outperform their peers in academic performance. Less surprisingly, collaborative projects also lead to more patents and patent citations compared to non-collaborative projects. Science policy implications follow.
    Keywords: university-industry relations, technology transfer, collaborative and non-collaborative Ph.D. projects, performance, publication performance, patenting performance, citations, bibliometric data
    Date: 2014–05
  4. By: Zingales, Luigi
    Abstract: The very same forces that induce economists to conclude that regulators are captured should lead us to conclude that the economic profession is captured as well. As evidence of this capture, I show that papers whose conclusions are pro-management are more likely to be published in economic journals and more likely to be cited. I also show that business schools’ faculty write papers that are more pro management. I highlight possible remedies to reduce the extent of this capture: from a reform of the publication process, to an enhanced data disclosure, from a stronger theoretical foundation to a mechanism of peer pressure. Ultimately, the most important remedy, however, is awareness, an awareness most economists still do not have.
    Keywords: Capture; Economics profession; Regulation
    JEL: D72 P16 Z13
    Date: 2014–03
  5. By: Dilger, Alexander; Lütkenhöner, Laura
    Abstract: Wir untersuchen, ob BWL-Professoren des deutschsprachigen Raums innerhalb der Domäne ihrer Universität oder Fachhochschule über eine Webseite verfügen, die über ihre Publikationen informiert. Auf diesen Webseiten angegebene Publikationen der letzten fünf Jahre (2009 bis 2013) werden mit Publikationen in der Datenbank von Google Scholar verglichen und es wird der Anteil an aktuellen Publikationen geschätzt, die nicht auf den Webseiten angegeben sind. Die Ergebnisse zeigen, dass eine Webseite mit Publikationsangaben eher bei Professoren im Ruhestand, Fachhochschulprofessoren und bei solchen Professoren fehlt, deren quantifizierbare Forschungsleistung in den letzten fünf Jahren vergleichsweise gering war. Sie deuten außerdem darauf hin, dass ein nicht unbeachtlicher Anteil an Publikationen nicht auf vorhandenen Webseiten angegeben wird. Dies ist auch für in Fachzeitschriften veröffentlichte Aufsätze zu beobachten. Berechnungen von binär logistischen Regressionen ergeben, dass ältere Professoren und Professoren mit einer höheren Forschungsleistung in den letzten fünf Jahren mit einer geringeren Wahrscheinlichkeit alle Publikationen der letzten fünf Jahre auf ihrer Webseite angeben. -- We analyse whether and how business administration professors in German-speaking countries present their publications on a websites provided by their university or college. We use the database of Google Scholar in order to estimate the percentage of publications of the last five years (2009 to 2013) that are not listed on the websites. Our results indicate that a website informing about a professor's publications is rather lacking for retired and college professors and for professors with a lower research performance in the last five years. They also suggest that a remarkable percentage of publications are not listed on the existing websites. This is also true for articles published in professional journals. Calculations of binary logistic regressions show that older professors and professors with a higher research performance in the last five years are less likely to inform about all publications of the last five on their websites.
    JEL: I23 J12 M50
    Date: 2014
  6. By: Roberto Nisticò (University of Essex, Università di Napoli Federico II and CSEF)
    Abstract: This paper explores to what extent the receipt of funding during Ph.D. encourages post-degree research career and influences research productivity after graduation. Using novel data on new Ph.D. graduates from Italian universities, I estimate the causal effect of funding on either the likelihood to enter a research profession (extensive margins) or the early research productivity (intensive margins). Results uncover a positive impact of funding on early research outcomes at both margins and are robust to different model specifications and outcomes. Additional estimates show that funded students invest more in research-oriented activities and spend less time working part-time while studying.
    Keywords: Funding, PhD Graduates, Research Outcomes.
    JEL: H52 I21 I22 I23 J24
    Date: 2014–05–10
  7. By: Bosquet, Clément; Combes, Pierre-Philippe; Garcia-Penalosa, Cecilia
    Abstract: Differences in promotion across genders are still prevalent in many occupations. Recent work based on experimental evidence indicates that women participate less in or exert lower effort during contests. We exploit the unique features of the promotion system for French academics to look at women's attitudes towards competition in an actual labour market. Using data for academic economists over the period 1991-2008 we find that, conditional on entering the competition, there is no difference in promotions across the genders, which is dicult to reconcile with eitheer discrimination or a poorer performance of women in contests. In contrast, women have a substantially lower probability than men to enter the promotion contest. Our data does not support that this gap is due to differences in costs or in preferences concerning department prestige, indicating that women are less willing than men to take part in contests.
    Keywords: academic labour markets; gender gaps; promotions
    JEL: I23 J16 J7
    Date: 2013–10

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