The Value of a Finance Journal Publication
基于311位公立研究型大学金融教授的薪酬和发表记录，估算一篇顶级金融期刊论文的现值在19,493至33,754美元之间，并分析直接和间接回报。
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.