Systematic Bias in the Progress of Finance Research

48 Pages Posted: 1 Jul 2017 Last revised: 10 Sep 2018

See all articles by Amir Rubin

Amir Rubin

Simon Fraser University (SFU) - Beedie School of Business; Interdisciplinary Center (IDC) Herzliyah

Eran Rubin

University of Akron - College of Business Administration

Date Written: September 4, 2018

Abstract

We analyze whether citing practices in finance are driven by scientific merit or whether they are systematically biased due to strategic considerations. The discontinuation of the Journal of Business (JB) in 2006 for extraneous reasons serves as the exogenous shock for analyzing strategic citing behavior. Using difference-in-differences analysis, we find that articles published in JB before 2006 experienced a relative reduction of approximately 16% in citations after 2006. Since the discontinuation of JB is unrelated to the articles’ scientific contribution, the results imply that the referencing of articles in finance is systematically affected by strategic considerations, which hinders scientific progress.

Keywords: Agency, Article's influence, Citation, Finance, Research, Innovation, Science, Strategic

JEL Classification: G34, H41, I23, J24, M14 O31

Suggested Citation

Rubin, Amir and Rubin, Eran, Systematic Bias in the Progress of Finance Research (September 4, 2018). Available at SSRN: https://ssrn.com/abstract=2995680 or http://dx.doi.org/10.2139/ssrn.2995680

Amir Rubin (Contact Author)

Simon Fraser University (SFU) - Beedie School of Business ( email )

8888 University Drive
Burnaby, British Colombia V5A 1S6
Canada

Interdisciplinary Center (IDC) Herzliyah ( email )

P.O. Box 167
Herzliya, 46150
Israel

Eran Rubin

University of Akron - College of Business Administration ( email )

Akron, OH 44325-4803
United States
330-9726443 (Phone)

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