"What's Hot in Finance?"
Kelley School of Business
Bloomington, IN 47405
To catalyze the students in my Ph.D. F798 class to think of finance ideas,
I asked each one of them to read the abstracts of finance articles published
in the last 5 years in JF, JFE, RFS, JFQA and Other Top Non-Finance Journals
(QJE, JPE, AER and Management Science).
I attach their product which you may find useful.
Some general observations from the hard data above and the soft data generated
from classroom discussions:
- Classification into sub-topics is becoming difficult because there are
more papers published which are not only inter-topic, but also inter-disciplinary.
Finance is very driven by the issues of the day (for example, papers on the
crisis are now waning). Issues do not fit in neat silos.
- Theory papers remain steady between 20% to 30%, with an uptick in recent
years, especially in JF (especially the Smith-Breeden prizes)
- Empirical corporate remains the most popular field.
- Market microstructure is dying. Or, to give it a positive spin, it has
been so successful that it has been subsumed by the other fields.
- Finance journals have overtaken accounting journals in cite counts.
Amongst finance journals, RFS has climbed steadily to become no 1.
- The Other Top Journals publish many finance papers (on an average 15%-20%).
The finance papers in QJE and then JPE have very high cites.
Click here to see the PowerPoint slides in
© Copyright 2013-2014, G. William
Last Updated on 8/27/2014