Dissemination, Publication, and Impact of Finance Research: When Novelty Meets Conventionality

73 Pages Posted: 16 Mar 2021 Last revised: 15 Mar 2022

See all articles by Rui Dai

Rui Dai

Wharton Research Data Services (WRDS)

Lawrence Donohue

Wharton Research Data Services (WRDS)

Qingyi (Freda) Song Drechsler

University of Pennsylvania - Wharton Research Data Services

Wei Jiang

Emory University Goizueta Business School; ECGI; NBER

Date Written: March 12, 2021

Abstract

Using numeric and textual data extracted from over 50,000 finance articles in SSRN during 2001--2019, we examine the relationship between measured qualities and a paper’s readership, eventual outlet, and impact. Conventionality (semantic similarity with existent research) helps boost readership and publication prospects. However, novelty in the forms of emerging topics and databases are associated with better publishing outcomes. Studies that do not easily map into established finance subfields or that introduce non-finance elements face a higher hurdle. Finally, papers whose research questions span multiple fields are a hard sell, but those building on prior knowledge from multiple fields are valued.

Keywords: Finance Research; Impact; Publication; Innovation; Machine Learning; Textual Analysis

JEL Classification: A14, D85, G00

Suggested Citation

Dai, Rui and Donohue, Lawrence and Drechsler, Qingyi (Freda) Song and Jiang, Wei, Dissemination, Publication, and Impact of Finance Research: When Novelty Meets Conventionality (March 12, 2021). Review of Finance Forthcoming, Columbia Business School Research Paper Forthcoming, Available at SSRN: https://ssrn.com/abstract=3803654 or http://dx.doi.org/10.2139/ssrn.3803654

Rui Dai (Contact Author)

Wharton Research Data Services (WRDS) ( email )

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Lawrence Donohue

Wharton Research Data Services (WRDS) ( email )

3819 Chestnut Street
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PHILADELPHIA, PA 19104
United States

Qingyi (Freda) Song Drechsler

University of Pennsylvania - Wharton Research Data Services ( email )

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St Leonard's Court
Philadelphia, PA 19104
United States

Wei Jiang

Emory University Goizueta Business School ( email )

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ECGI ( email )

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NBER ( email )

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