Who Is Publishing? An Analysis of Finance Research Productivity in the European Region

This study ranks the research productivity in finance across European universities and researchers using a set of 15 finance journals during the decade of the 1990s. A total of 219 universities are ranked. During the sample period from 1990 to 1999, UK universities dominate the top-20 ranking. However, the UK 's dominance is significantly reduced when the Journal of Business Finance & Accounting, a UKbased journal, is excluded from the analysis. Other non-UK European universities gain further ground when only the top-4 journals are used to measure ranking. Our analysis also shows that a majority of the top 20 European universities have made significant progress in research productivity over the period 1990-99. Additionally, we compare the top European universities to those in North America. The top European university, London Business School, compares to the 24th and 25th ranked North American universities for the period from 1990 to 1999; it compares to the 15th and 16th ranked North American universities for the more recent sub-period from 1995 to 1999. The top researcher is Henri Servaes from London Business School. Copyright Blackwell Publishers Ltd, 2004.

A Normalized Citation Analysis of Real Estate Journals

This study presents an analysis of the citation patterns and rankings for journals in real estate and related areas for the period 1990-1995. Journals were ranked based on the number of times they were cited in four base journals with adjustments for journal size and longevity. The results show that "Real Estate Economics" is the most cited journal among real estate publications, followed closely by the "Journal of Real Estate Finance and Economics" and the "Journal of Real Estate Research". A temporal analysis reveals a shift in citations, over the time period, away from the traditional economics and practitioner-oriented journals to the academic real estate journals. Copyright American Real Estate and Urban Economics Association.

Determinants of CEO Age at Succession

Based on Brickley’s (2003) call for research on the CEO/turnover relation, we examine determinants of CEO age at succession. Utilizing the similarity–attraction paradigm, we propose that board members will select new CEOs that are similar to their own age. We find a strong positive relation between successor CEO age and average board member age. Thus, the similarity–attraction paradigm seems to play a role in board of director selection of CEO successors. However, we also propose that poor prior performance may mitigate similarity–attraction. Our results are also consistent with this hypothesis because we find no relation between successor CEO and board age following poor prior performance. Finally, the hiring of an age-similar CEO does not reduce the companies’ subsequent financial performance and may even have a slightly positive impact on it. Copyright Springer 2006

Selecting the portfolio investment strategy under political structure change in United States

Conditional heteroskedasticity, GJR-GARCH-M, Long-term political structure, Portfolio investment strategy, Volatility asymmetry,