Role Modesl in Finance: Lessons from Life Cycle Productivity of Prolific Scholars

37 Pages Posted: 25 Aug 2006  

Raj Aggarwal

University of Akron; Federal Reserve Banks - Federal Reserve Bank of Cleveland

David Schirm

John Carroll University - Boler School of Business

Xinlei Shelly Zhao

Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

Abstract

This paper examines the nature of lifecycle intellectual contributions (publication productivity and quality) of prolific scholars in finance, i.e., those that have published twelve or more scholarly papers in finance journals. Like other scholars, their productivity increases dramatically in the years before tenure and early success seems to be a useful forecast of future quality and quantity of publications. However, unlike the average finance Ph.D., these role models begin publishing earlier and they maintain a high level of productivity over long periods with productivity appearing to decline only slightly after tenure. Further, there is increasing tendency to publish with co-authors and there is high concentration of these prolific scholars especially at the five top-rated finance journals. Our findings have important implications for aspiring new finance professors.

Keywords: Scholarly Publishing, Finance Careers, Role Models, Lotka's Power Law, Academic Life Cycles

JEL Classification: A10

Suggested Citation

Aggarwal, Raj and Schirm, David and Zhao, Xinlei Shelly, Role Modesl in Finance: Lessons from Life Cycle Productivity of Prolific Scholars. Review of Quantitative Finance and Accounting, Forthcoming. Available at SSRN: https://ssrn.com/abstract=926397 or http://dx.doi.org/10.2139/ssrn.926397

Raj Aggarwal (Contact Author)

University of Akron ( email )

Akron, OH 44325-4803
United States

Federal Reserve Banks - Federal Reserve Bank of Cleveland ( email )

East 6th & Superior
Cleveland, OH 44101-1387
United States

David C. Schirm

John Carroll University - Boler School of Business ( email )

University Heights, OH 44118-4581
United States

Xinlei Zhao

Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division ( email )

250 E Street, SW
Washington, DC 20219
United States

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