Evidence on the Value of Academic Research: The Integration of Financial Research
Posted: 23 Apr 1998
Date Written: Undated
The value of academic research has recently been questioned during debates over the allocation of resources within academic institutions. This paper specifically addresses the value of academic research in finance by examining the integration of academic and non-academic research. The underlying assumption is that financial research must have economic value to be funded and conducted by practitioner organizations and government agencies. Therefore, related academic research must have value. The evidence suggests that academic financial research is globally integrated with non-academic research, addressing common subject matter made available to each other in a common set of journals and through co-authorship.
JEL Classification: G00
Suggested Citation: Suggested Citation