The Scientific Value of Finance After the Crisis
42 Pages Posted: 17 Apr 2020 Last revised: 6 Aug 2020
Date Written: March 7, 2020
Understanding how users of research cope with episodes that potentially diminish trust in accepted knowledge such as the 2007-2009 financial crisis is important for financial economists and practitioners. Utilizing citations in practitioner-oriented journals I investigate post-crisis changes in authors’ knowledge sources and compare the inert behaviors of academics and practitioners towards science. Rather than abandonment of finance research in the practitioner literature, the evidence shows increased interdisciplinarity. Unpublished, non-scholarly sources become markedly less popular.
Keywords: financial crisis, scientific knowledge, paradigm shift, practitioner journals
JEL Classification: A11, G20, O30
Suggested Citation: Suggested Citation