The remarkable growth in financial economics, 1974-2020

• 成果类型: Article
• 署名作者: Schwert, G. William
• 署名单位: University of Rochester; National Bureau of Economic Research
• 刊物名称: JOURNAL OF FINANCIAL ECONOMICS
• ISSN/ISSBN: 0304-405X
• DOI: 10.1016/j.jfineco.2021.03.010
• 发表日期: 2021
• 页码: 1008-1046
• 关键词: Asset pricing; efficient markets; portfolio theory; capital structure; Dividend policy; investment policy; Corporate finance; corporate control; corporate governance; Market microstructure; financial intermediation; behavioral finance; citations

摘要

The field of academic finance has grown and evolved in the 47 years since the Journal of Financial Economics (JFE) began publishing papers. This paper examines detailed data on the 3,003 papers written by 3,358 different authors published in the JFE over the pe-riod 1974-2020. Advances in computing power and electronic communication have driven trends toward more empirical work, more coauthorship, and more complex papers. The set of authors, referees, and editors has also evolved as the field spans a much larger geo-graphic footprint and as women have come to play a larger role in all aspects of academic finance. Growth in the demand for finance faculty has driven up faculty compensation and the demand for scarce journal space. (c) 2021 Elsevier B.V. All rights reserved.