The Value of a Finance Journal Publication
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- Author(s): Steve Swidler, Elizabeth Goldreyer
- Published: Dec 17, 2002
- Pages: 351-363
- DOI: 10.1111/0022-1082.135230
The empirical analysis examines the salary and publication records of 311 finance professors at public research universities to calculate the worth of a top finance journal article. Within rank, salary regressions provide measures of the direct returns of a journal publication, while probit models consider the indirect returns that result from promotion. Ultimately, the analysis uses a reduced form salary equation to measure both the direct and indirect effects of publishing a journal article. Depending on professorial rank, the present value of the first top finance journal article is between $19,493 and $33,754, with the additional result of large returns to subsequent publications.