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Journal of Financial Markets
H-index 11

Journal of Financial Markets

Ranking & Metrics

Discipline name Position Best Scientists Publications D-Index
Economics and Finance 184 32 35 11

Additional Metrics

Number of Best Scientists*: 36
Documents by Best Scientists*: 37
Top 100 Ranked Scientists*: 0
SCIMAGO H-index: 74
SCIMAGO SJR: 1.544
Impact Factor: 2.1

Overview

Top Research Topics at Journal of Financial Markets?

The journal mainly deals with areas of study such as Monetary economics, Financial economics, Econometrics, Market liquidity and Volatility (finance). The studies in Monetary economics featured incorporate elements of Asset (economics), Equity (finance), Institutional investor, Information asymmetry and Bond. The research on Financial economics featured in it combines topics in other fields like Market maker, Stock market and Market microstructure.

The study on Market microstructure presented is investigated in conjunction with research in Microeconomics. Issues in Econometrics were discussed, taking into consideration concepts from other disciplines like Index (economics), Predictability and Portfolio. The research on Market liquidity tackled can also make contributions to studies in the areas of Stock exchange, Order (exchange) and Adverse selection.

Liquidity risk research is the primary subject tackled in the journal with a focus on Accounting liquidity. Topics like Alternative trading system, Open outcry and High-frequency trading are tackled as part of the discussions on Algorithmic trading. Dark liquidity is the primary subject of Alternative trading system works presented in Journal of Financial Markets.

  • Monetary economics (30.56%)
  • Financial economics (28.35%)
  • Econometrics (28.01%)

What are the most cited papers published in the journal?

  • Illiquidity and stock returns: cross-section and time-series effects $ (4678 citations)
  • Liquidity and stock returns: An alternative test (932 citations)
  • Optimal control of execution costs (814 citations)

Research areas of the most cited articles at Journal of Financial Markets:

The journal publications investigate areas of study like Financial economics, Market liquidity, Econometrics, Monetary economics and Market microstructure. The journal articles focus on Financial economics but the discussions also offer insight into other areas such as Market maker and Tick size. The most cited articles deal with Econometrics in conjunction with Valuation (finance) and similar fields in Momentum (finance).

What topics the last edition of the journal is best known for?

  • Statistics
  • Finance
  • World War II

The previous edition focused in particular on these issues:

The aim of Journal of Financial Markets is to expand the discussion of research in Monetary economics, Econometrics, Market liquidity, Equity (finance) and Institutional investor. While it focused on Monetary economics, it was also able to explore topics like Information asymmetry, Stock exchange, Sample (statistics) and Bond. Topics in Econometrics explored in the journal were investigated in conjunction with research in Predictability, Stock market, Portfolio, Price discovery and Process (engineering).

The work on Market liquidity tackled in Journal of Financial Markets brings together disciplines like Corporate governance, Investment decisions, Transaction cost, Market microstructure and Adverse selection. The Market microstructure research presented in it also delves into studies in intersecting subjects like

  • Investment strategy, which have a strong connection to Order (exchange),
  • Dimension (data warehouse) which is related to area like Volatility (finance).. It tackles research in various disciplines, including Conceptual framework and Financial economics.

The most cited articles from the last journal are:

  • Stock liquidity and default risk around the world (5 citations)
  • Informed liquidity provision in a limit order market (4 citations)
  • Fast traders make a quick buck: The role of speed in liquidity provision (3 citations)

Papers citation over time

A key indicator for each journal is its effectiveness in reaching other researchers with the papers published at that venue.

The chart below presents the interquartile range (first quartile 25%, median 50% and third quartile 75%) of the number of citations of articles over time.

The top authors publishing in Journal of Financial Markets (based on the number of publications) are:

  • Massimo Massa (6 papers) published 2 papers at the last edition,
  • Robert H. Battalio (6 papers) published 1 paper at the last edition,
  • Charles Cao (5 papers) absent at the last edition,
  • Robert Jennings (5 papers) published 1 paper at the last edition,
  • Thomas H. McInish (5 papers) absent at the last edition.

The overall trend for top authors publishing in this journal is outlined below. The chart shows the number of publications at each edition of the journal for top authors.

Only papers with recognized affiliations are considered

The top affiliations publishing in Journal of Financial Markets (based on the number of publications) are:

  • College of Business Administration (17 papers) absent at the last edition,
  • Rutgers University (16 papers) absent at the last edition,
  • Federal Reserve System (15 papers) published 3 papers at the last edition,
  • Saint Petersburg State University (14 papers) published 1 paper at the last edition,
  • Indiana University (13 papers) published 1 paper at the last edition the same number as at the previous edition.

The overall trend for top affiliations publishing in this journal is outlined below. The chart shows the number of publications at each edition of the journal for top affiliations.

Publication chance based on affiliation

The publication chance index shows the ratio of articles published by the best research institutions in the journal edition to all articles published within that journal. The best research institutions were selected based on the largest number of articles published during all editions of the journal.

The chart below presents the percentage ratio of articles from top institutions (based on their ranking of total papers).Top affiliations were grouped by their rank into the following tiers: top 1-10, top 11-20, top 21-50, and top 51+. Only articles with a recognized affiliation are considered.

During the most recent 2021 edition, 3.64% of publications had an unrecognized affiliation. Out of the publications with recognized affiliations, 15.09% were posted by at least one author from the top 10 institutions publishing in the journal. Another 15.09% included authors affiliated with research institutions from the top 11-20 affiliations. Institutions from the 21-50 range included 18.87% of all publications and 50.94% were from other institutions.

Returning Authors Index

A very common phenomenon observed among researchers publishing scientific articles is the intentional selection of journals they have already attended in the past. In particular, it is worth analyzing the case when the authors participate in the same journal from year to year.

The Returning Authors Index presented below illustrates the ratio of authors who participated in both a given as well as the previous edition of the journal in relation to all participants in a given year.

Returning Institution Index

The graph below shows the Returning Institution Index, illustrating the ratio of institutions that participated in both a given and the previous edition of the conference in relation to all affiliations present in a given year.

The experience to innovation index

Our experience to innovation index was created to show a cross-section of the experience level of authors publishing in a journal. The index includes the authors publishing at the last edition of a journal, grouped by total number of publications throughout their academic career (P) and the total number of citations of these publications ever received (C).

The group intervals were selected empirically to best show the diversity of the authors' experiences, their labels were selected as a convenience, not as judgment. The authors were divided into the following groups:

  • Novice - P < 5 or C < 25 (the number of publications less than 5 or the number of citations less than 25),
  • Competent - P < 10 or C < 100 (the number of publications less than 10 or the number of citations less than 100),
  • Experienced - P < 25 or C < 625 (the number of publications less than 25 or the number of citations less than 625),
  • Master - P < 50 or C < 2500 (the number of publications less than 50 or the number of citations less than 2500),
  • Star - P ≥ 50 and C ≥ 2500 (both the number of publications greater than 50 and the number of citations greater than 2500).

The chart below illustrates experience levels of first authors in cases of publications with multiple authors.

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Top Publications

  • Climate risks and realized volatility of major commodity currency exchange rates

    Unknown

    (2022)
    88 Citations
  • The role of an aligned investor sentiment index in predicting bond risk premia of the U.S

    Oğuzhan Çepni;I. Ethem Guney;Rangan Gupta;Mark E. Wohar;Mark E. Wohar

    (2020)
    29 Citations
  • Net Buying Pressure and the Information in Bitcoin Option Trades

    Carol Alexander;Jun Deng;Jianfen Feng;Huning Wan

    (2021)
    27 Citations
  • Forecasting stock returns: A time-dependent weighted least squares approach

    Yudong Wang;Xianfeng Hao;Chongfeng Wu

    (2021)
    27 Citations
  • Climate risks and state-level stock market realized volatility

    (2023)
    21 Citations

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Best Scientists Contributing to This Journal