What makes a great journal great in economics?: The singer not the song

This paper analyses what makes a great journal great in economics. Alternative research assessment measures (RAM) are discussed, with an emphasis on the Thomson Reuters Institute for Scientific Information (ISI) Web of Science database. ISI RAM that are calculated annually or updated daily are defin...

Full description

Bibliographic Details
Main Authors: Chang, C., Mcaleer, M., Oxley, Leslie
Format: Journal Article
Published: 2011
Online Access:http://hdl.handle.net/20.500.11937/17219
_version_ 1848749405361930240
author Chang, C.
Mcaleer, M.
Oxley, Leslie
author_facet Chang, C.
Mcaleer, M.
Oxley, Leslie
author_sort Chang, C.
building Curtin Institutional Repository
collection Online Access
description This paper analyses what makes a great journal great in economics. Alternative research assessment measures (RAM) are discussed, with an emphasis on the Thomson Reuters Institute for Scientific Information (ISI) Web of Science database. ISI RAM that are calculated annually or updated daily are defined, including the classic 2-year impact factor (2YIF), 5-year impact factor (5YIF), immediacy (zero-year impact factor (0YIF)), eigenfactor score, article influence, citation performance per paper online, h-index, Zinfluence, PI-BETA (papers ignored - by even the authors) and two new RAM measures, self-citation threshold approval rating and impact factor inflation. The data are analysed for the most highly cited journals in economics, management, business and business-finance on the basis of 2YIF. In addition to evaluating research in the most highly cited journals in economics, management, business and business-finance, the paper evaluates alternative RAM, highlights similarities and differences in RAM criteria, finds that several RAM capture similar performance characteristics, and finds that immediacy and PI-BETA are not highly correlated with other RAM. Harmonic mean rankings of the 12 RAM criteria are also presented. Emphasizing 2YIF to the exclusion of other useful RAM criteria can lead to a distorted evaluation of journal performance and influence. © 2010 Blackwell Publishing Ltd.
first_indexed 2025-11-14T07:20:25Z
format Journal Article
id curtin-20.500.11937-17219
institution Curtin University Malaysia
institution_category Local University
last_indexed 2025-11-14T07:20:25Z
publishDate 2011
recordtype eprints
repository_type Digital Repository
spelling curtin-20.500.11937-172192018-03-29T09:06:10Z What makes a great journal great in economics?: The singer not the song Chang, C. Mcaleer, M. Oxley, Leslie This paper analyses what makes a great journal great in economics. Alternative research assessment measures (RAM) are discussed, with an emphasis on the Thomson Reuters Institute for Scientific Information (ISI) Web of Science database. ISI RAM that are calculated annually or updated daily are defined, including the classic 2-year impact factor (2YIF), 5-year impact factor (5YIF), immediacy (zero-year impact factor (0YIF)), eigenfactor score, article influence, citation performance per paper online, h-index, Zinfluence, PI-BETA (papers ignored - by even the authors) and two new RAM measures, self-citation threshold approval rating and impact factor inflation. The data are analysed for the most highly cited journals in economics, management, business and business-finance on the basis of 2YIF. In addition to evaluating research in the most highly cited journals in economics, management, business and business-finance, the paper evaluates alternative RAM, highlights similarities and differences in RAM criteria, finds that several RAM capture similar performance characteristics, and finds that immediacy and PI-BETA are not highly correlated with other RAM. Harmonic mean rankings of the 12 RAM criteria are also presented. Emphasizing 2YIF to the exclusion of other useful RAM criteria can lead to a distorted evaluation of journal performance and influence. © 2010 Blackwell Publishing Ltd. 2011 Journal Article http://hdl.handle.net/20.500.11937/17219 10.1111/j.1467-6419.2010.00648.x restricted
spellingShingle Chang, C.
Mcaleer, M.
Oxley, Leslie
What makes a great journal great in economics?: The singer not the song
title What makes a great journal great in economics?: The singer not the song
title_full What makes a great journal great in economics?: The singer not the song
title_fullStr What makes a great journal great in economics?: The singer not the song
title_full_unstemmed What makes a great journal great in economics?: The singer not the song
title_short What makes a great journal great in economics?: The singer not the song
title_sort what makes a great journal great in economics?: the singer not the song
url http://hdl.handle.net/20.500.11937/17219