Job Market Signaling: What Drives the Productivity of Finance Ph.D.s?
研究了新金融博士的研究生产力，发现博士期间在顶级期刊发表或修改论文比学校排名更能预测未来生产力，为来自非顶尖学校的候选人提供了信号途径。
We study the research productivity of new finance Ph.D.s as measured by the number of quality publications. A commonly accepted notion is that the highest ranked schools produce the candidates with the greatest potential for high‐quality publications. Our results, however, find publications or revisions in top‐tier journals during the doctoral program are a stronger measure of potential research productivity than the school attended. Our findings demonstrate how candidates outside of the top schools can signal their future research productivity. Even though we examine the specialized labor market, our results have broader implications for markets outside academics.