THE INSTITUTIONAL SOURCE AND CONCENTRATION OF FINANCIAL RESEARCH

THE STATE OF THE ART and the directions of research in finance have advanced considerably in the past decade, both in terms of theoretical rigor and empirical methodology. Given this advancement, a crucial measure of a university's capabilities is the research productivity of its faculty, particularly their rate of publication in the leading scholarly journals. It is the purpose of this study to: (1) determine the institutions that are most productive in publishing research in the most scholarly finance and economic journals over a recent ten and five-year periods, and (2) measure the degree of concentration of financial research among these institutions.' The first section of the paper explains the methodology of the study, the second section tabulates the institutional contributions to academic journals, and the third section offers the conclusion of the study.