Systematic Bias in the Progress of Research
Journal of Political Economy, forthcoming
72 Pages Posted: 1 Jul 2017 Last revised: 19 Mar 2021
Date Written: September 4, 2018
We analyze the extent to which citing practices may be driven by strategic considerations. The discontinuation of the Journal of Business (JB) in 2006 for extraneous reasons serves as an exogenous shock for analyzing strategic citing behavior. Using a difference in differences analysis, we find that articles published in JB before 2006 experienced a relative reduction in citations of approximately 20% after 2006. Since the discontinuation of JB is unrelated to the scientific contributions of its articles, the results imply that the referencing of articles is systematically affected by strategic considerations, which hinders scientific progress.
Keywords: Agency, Article influence, Citation, Information, Finance, Research, Innovation, Science, Strategic
JEL Classification: G34, H41, I23, J24, M14, O31
Suggested Citation: Suggested Citation