The impact of academic research in finance (impact ratio)

Broby, Daniel; (2018) The impact of academic research in finance (impact ratio). In: Global Tensions in Financial Markets. Research in Finance . Emerald Publishing Limited, Bingley, pp. 221-232. ISBN 9781787148406 (

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Academic institutions are under increasing pressure to show that their research output has impact. As this concept is easier to quantify in science based disciplines, this paper reviews how one interprets what impact is in finance. It suggests how best to incorporate it into academic research through the use of a simple to understand Impact Ratio. It provides an overview of the leading academic publications and their role in this process. It asks how impact within finance is understood, appreciated, and subject to critique. It concludes that academics should demonstrate how they can facilitate the development of capital markets through evidence based policy and enhancing capital market efficiency.