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Output versus salient impact in financial economics

Rose Prasad and S. Benjamin Prasad

Applied Financial Economics, 2009, vol. 19, issue 21, pages 1697-1704

Abstract: If in fine arts imitation is the most sincere form of flattery, in natural and social sciences, it is citation by one's peers. A fairly good measure of the frequency of citation, or impact, is indicated by the Hirsch-Index (h-index) which quantitatively gauges the impact of articles in core journals in a discipline. In our exploratory study, we attempt to find association between (a) the quantity of research output (as measured by Chan et al., 2002) and (b) its quality or salient impact, indicated by the h-index, of the top 174 finance academics. We find significant correlation (r = 0.469) between (a) and (b) for the entire subset of 174; however, the unexplained variance is high. The h-index could be a useful objective measure in academic decisions.

Date: 2009
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