A comprehensive quantitative evaluation of global finance research: institutions, scholars, and citations

Abstract We conduct a global citation-based assessment of finance research from 28 finance journals published between 1990 and 2024. Our results show a substantial increase in the impact of finance research over time, and highly influential articles are concentrated in leading journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. The University of Chicago, Harvard University, New York University, the University of Pennsylvania, and Columbia University are top contributors at the institutional level. For top scholars, Eugene F. Fama, Kenneth R. French, and Andrei Shleifer stand out as the top-three scholars, amassing 3,908.08, 3,208.32, and 2,309.93 weighted normalized citations, respectively. For the total number of articles, Iftekhar Hasan, Frank J. Fabozzi, and Robert W. Faff lead the pack with 136, 126, and 119 articles, respectively. Finally, there is an expanding involvement of emerging economies and non-academic organizations, highlighting the increasing diversity and globalization of finance research.