The PhD origins of finance faculty

Todd Jones and Haoyang Xiong

Journal of Empirical Finance, 2023, vol. 71, issue C, 88-103

Abstract: We document the doctoral origins of finance faculty in U.S. finance departments. In our main sample, we find that graduates from top-ranked universities are disproportionately represented; for instance, nearly half of faculty come from universities with top 25 Ph.D. programs, and many of these attended a top 5 university. Many of the faculty at top universities went to another (or the same) top university for their Ph.D. Among regional universities, we find evidence that it is common for departments to hire graduates from universities in the same geographical region.

Keywords: PhD; Finance faculty; Doctoral origins (search for similar items in EconPapers)
JEL-codes: I23 J4 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:empfin:v:71:y:2023:i:c:p:88-103

DOI: 10.1016/j.jempfin.2023.01.003

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