Apr 16, 2007 ... describing “Leading Journals,” which came to be circulated broadly to all faculty.
The 06-07 .... Journal of Marketing Education 22 (2), 99-107.
Date:
April 16, 2007 Corrected August 1, 2007
Memorandum to:
Stern Faculty
From:
Ad hoc Committee on Leading Journals
Re:
Area journals
The faculty voted to create the Senior Faculty Review Committee as recommended by the “Gruber Report” in 2001. As part of its work, that committee consulted all departments and drafted a memo describing “Leading Journals,” which came to be circulated broadly to all faculty. The 06-07 Senior Faculty Review Committee recommended to Tom Cooley that the list and process for reviewing it be reviewed. Tom accordingly established the ad hoc committee to review the list, update it as appropriate, and propose a process for routinizing future review. This memo and attached list are the result of the work of the committee. Some might ask, why have a list at all? Surely each of us as an independent scholar knows the best outlets for his/her research. Yet such a list may serve as a helpful heuristic in two ways: for reaching an external audience and for informing an internal audience. Heuristic for reaching an external audience: One primary goal for faculty in publishing research is influencing the thinking of a scholarly community: that goal is the domain of this memo. 1 The details of the influence process may be subtle, arcane, overlaid with academic politics, scientific orthodoxy, etc. But put simply, a necessary, but not sufficient, condition for influence to occur is that people must know about the research. Any list of leading journals is a heuristic for identifying publication outlets where research has a higher probability of reaching an identified scholarly community. 2 Once people know about the research, evidence that it is influential comes in the form of testimonials about the work and citations to it. Publication in a leading journal is no guarantee of influence. But, all other things being equal, high quality research published in a leading journal is usually more likely to be influential than equally high-quality research published in a journal that is not a leading journal. Heuristic for signaling an internal audience: Stern supports many faculty review processes: annual merit review, promotion and tenure review, and senior faculty peer review among them. In all of these review processes, we have the responsibility and obligation to assess the quality and impact of our colleagues’ research. Nothing substitutes for reading the papers. But, if nothing else, where a
1
Another goal may be the intrinsic joy of creating new knowledge for personal pleasure only; no external validation is required. 2 Prior to publication, giving talks at other schools’ research seminars and at conferences are steps along the way for people to know about the research.
paper is published is a signal from the faculty member about the larger scholarly community he or she wishes to influence and has the potential to influence. In the process of producing this list we reviewed numerous articles that rank journals (see attached bibliography), and consulted broadly with faculty at Stern and at other schools. We would like to thank the departments and people who sent us comments. We found them very helpful and have incorporated many of your suggestions. A regular process of review is helpful because it provides the opportunity for departments to revise and update their lists as journal status changes within a discipline. We recommend that the dean’s office convene a three- to five-person ad hoc review committee every five years. We suggest that one member of that committee should be drawn from the Senior Faculty Peer Review Committee; one member should be drawn from the school-wide P&T committee; and the vice dean for faculty should serve ex officio. We realize that many people find any list to be a source of anxiety so we would like to reiterate some comments that were attached to the first version of this list published in 2001. We have not attempted to include every leading journal (for example we have not included Science or the New England Journal of Medicine) but rather have tried to include journals that our faculty are most likely to publish in. Furthermore, we fully recognize that specialized journals or books may be the most appropriate outlet for some research. For internal review, this list must never substitute for the careful analysis of the importance and impact of each publication. Regards,
Adam Brandenburger, Edwin Elton, Durairaj Maheswaran, Joe Porac, and Lee Sproull, ex officio
Leading Journals Accounting (3515) Accounting Review Contemporary Accounting Research Journal of Accounting and Economics Journal of Accounting Research Review of Accounting Studies
Management (3734) Academy of Management Journal Academy of Management Review Administrative Science Quarterly Organization Science Strategic Management Journal
Economics (2080) American Economic Review Econometrica Journal of Political Economy Quarterly Journal of Economics Review of Economic Studies
Marketing (2688) Journal of Consumer Research Journal of Marketing Journal of Marketing Research Marketing Science
Finance (2636) Journal of Business (through Nov. 2006) Journal of Finance Journal of Financial Economics Review of Financial Studies Journal of Financial & Quantitative Analysis Information Systems (2156) Information Systems Research MIS Quarterly Journal on Computing
Operations (1085) Manufacturing and Service Operations Mgmt. Mathematics of Operations Research Operations Research Statistics (575) Journal of Applied Probability Journal of Econometrics Journal of Time Series Analysis Stochastic Processes Multiple Disciplines Management Science
Number after department/area name indicates number of AACSB business school faculty in area. Most economics and statistics professors have appointments in arts and sciences, not in business schools.
Field Journals Economics Games and Economic Behavior Journal of Applied Econometrics Journal of Economic Behavior & Organization Journal of Econometrics Journal of Economic History Journal of Economic Theory J. of Economics and Management Strategy Journal of Industrial Economics Journal of International Economics Journal of Monetary Economics Quantitative Marketing and Economics RAND Journal of Economics Review of Economics and Statistics Marketing Journal of Consumer Psychology Quantitative Marketing and Economics Statistics/Math Annals of Statistics Biometrika Journal of American Statistical Association Journal of Royal Statistical Society (series B) Mathematical Programming
Computer Science ACM Transactions on Database Systems Data Mining and Knowledge Discovery IEEE Transactions on Knowledge and Data Engineering
Machine Learning Journal of Machine Learning Research Artificial Intelligence Journal of Artificial Intelligence Research ACM Transactions on Information Systems Psychology Cognitive Psychology Journal of Applied Psychology Journal of Experimental Psychology (All) Journal of Experimental Social Psychology Journal of Personality and Social Psychology Organizational Behavior and Human Decision Process
Personality and Social Psychology Bulletin Personality and Social Psychology Review Psychological Bulletin Psychological Review Psychological Science Sociology American Journal of Sociology American Sociological Review Social Forces
Bibliography Arnold, Tom; Butler, Alexander W.; Clark, Timothy F.; Altintig, Ayca (2001). Impact: What Influences Finance Research?. Journal of Business (76) 2, 343-362. Axarloglou, Kostas; and Theoharakis, Vasilis (2003). Diversity in Economics: An Analysis of Journal Quality Perceptions. Journal of the European Economic Association 6 (1), 1402-1423. Bakr, Asyen; Vitell, Scott J.; and Rose, Gregory M. (2000). Publications in Major Marketing Journals: An Analysis of Scholars and Marketing Departments. Journal of Marketing Education 22 (2), 99-107. Ballas, Apostolos; Thoeharakis, Vasilis (2002). Faculty Perceptions and Readership Patterns of Accounting Journals: A Global View. Working paper, Athens Laboratory of Business Administration. Barrett, Christopher B.; Olia, Aliakbar; and Bailey, DeeVon (2000). Subdiscipline-Specific Journal Rankings: Whither Applied Economics? Applied Economics 32 (2), 239-252. Bauerly, Ronald J.; and Johnson, Don T. (2005). An Evolution of Journals Used in Doctoral Marketing Programs. Journal of the Academy of Marketing Sciences 33 (3), 313-329. Beattie, Vivien; Goodacre, Alan (2006). A New Method for Ranking Academic Journals in Accounting and Finance. Accounting and Business Research 36 (2), 65-91. Bhattacharjee, Sudip; Tung, Y. Alex; and Pathak, Bhavik (2004). Author Experiences with the IS Journal Review Process. Communications of the Association for Information Systems 13, 629-653. Brown, Lawrence D. (2002). Ranking Journals Using Social Science Research Network Downloads. Review of Quantitative Finance and Accounting 20 (3), 297-307. Chan, Kam C.; Chen, Carl R.; Steiner, Thomas L. (2004). Who is Publishing? An Analysis of Finance Research Productivity in the European Region. Journal of Business Finance and Accounting 31 (3-4), 401437. Chan, Kam C.; Lung, Peter P.; Wolfe, Edward R. (2005). Research Ranking of Finance Departments: A Modified Citation Approach. Working paper, University of Dayton and Western Kentucky University. Geary, Janet; Marriott, Liz; Rowlinson, Michael (2004). Journal Rankings in Business and Management and the 2001 Research Assessment Exercise in the UK. British Journal of Management 15 (2), 95-141. Hult, G. Tomas M.; Neese, William T.; and Bashaw, R. Edward (1997). Faculty Perceptions of Marketing Journals. Journal of Marketing Education 19 (1), 37-52. Kalaitzidakis, Pantelis; Mamuneas, Theofanis P.; and Stegnos, Thanasis (2001). Rankings of Academic Journals and Institutions in Economics. Discussion paper, University of Cyprus. Kodrzycki, Yolanda K.; and Yu, Pingking David (2005). New Approaches to Ranking Economic Journals. Working paper, Federal Reserve Bank of Boston. Lasser, Dennis J.; Rydqvist, Kristian (2006). Ranking Journals by Concentration of Author Affiliation: ThirtyFive Years of Finance Research. Discussion paper, SUNY at Binghampton. Locke, Joanne; Lowe, Alan (2002). Problematising The Construction of Journal Quality: An Engagement With the Mainstream. Accounting Forum 26 (1), 45-71.
Lowry, Paul Benjamin; and Romans, Denton (2003). New Perspectives on Global Information Systems Journal Rankings and Reference Disciplines. Working paper, Ninth Americas Conference on Information Systems. Lowry, Paul Benjamin; Romans, Denton; and Curtis, Aaron (2004). Global Journal Prestige and Supporting Disciplines: A Scientometric Study of Information Systems Journals. Journal of the Association for Information Systems 5 (2), 29-77. Mort, Gillian Sullivan; McColl-Kennedy, Janet R.; Kiel, Geoffrey; and Soutar, Geoffrey N. (2004). Perceptions of Marketing Journals by Senior Academics in Australia and New Zealand. Australasian Marketing Journal 12 (2), 51-61. Nisonger, Thomas E. (1999). JASIS and Library and Information Science Journal Rankings: A Review and Analysis of the Last Half-Century. Journal of the American Society for Information Science 50 (11), 10041019. Oltheten, Elisabeth; Theoharakis, Vasilis; Travlos, Nickolaos (2005). Faculty Perceptions and Readership Patterns of Finance Journals: A Global View. Journal of Financial and Quantitative Analysis 40 (1), 223-239. Oswald, Andrew J. (2007). An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers. Economica 74, 21-31. Polonsky, Michael J. (2004). Journal Rankings: Does One Size Fit All? Australasian Marketing Journal 12(2), 64-66. Polonsky, Michael J.; and Whitelaw, Paul (2005). What Are We Measuring When We Evaluate Journals? Journal of Marketing Education 27 (2), 189-201. Polonsky, Michael Jay; Jones, Gary; and Kearsley, Megan J. (1999). Accessibility: An Alternative Method of Ranking Marketing Journals? Journal of Marketing Education 21 (3), 181-193. Rainer, R. Kelly Jr.; and Miller, Mark D. (2005). Examining Differences Across Journal Rankings. Communications of the ACM 48 (2), 91-94. Shugan, Steven M. (2003). Editorial: Journal Rankings: Save the Outlets for Your Research. Marketing Science22 (4), 437-441. Sivadas, Eugene; and Johnson, Mark S. (2005). Knowledge Flows in Marketing: An Analysis of Journal Article References and Citations. Marketing Theory 5 (4), 339-361. Theoharakis, Vasilis; and Hirst, Andrew (2002). Perceptual Differences of Marketing Journals: A Worldwide Persepctive. Marketing Letters 13 (4), 389-402. Tribunella, Thomas (2005). AIS Faculty Familiarity and Perceptions of AIS Journals. Review of Business Information Systems 9 (3), 1-18. Uncles, Mark D. (2004). Journal Rankings: How Much Credence Should We Give Them? Australasian Marketing Journal 12 (2), 67-72. Zinkhan, George M. (2004). Accessing Academic Research Through an E-Database: Issues of Journal Quality and Knowledge Use. Journal of the Academic and Marketing Sciences 32 (4), 369-370.
