Academic journal article Journal of Business Strategies

Academic Journal Ranking: Important to Strategic Management and General Management Researchers?

Academic journal article Journal of Business Strategies

Academic Journal Ranking: Important to Strategic Management and General Management Researchers?

Article excerpt

Abstract

This study explores two questions pertaining to research publications: the importance of publications, and the perceived ranking of strategic and general management journals. The reasons why research publishing is important are 1) it is part of the pursuit of knowledge, 2) it has extrinsic rewards to those publishing, and 3) it may increase the prestige of the institution with which the publishing faculty is affiliated. On the second question, the authors have conducted a survey of perceived journal rankings. The results from 50 journals suggest that there is a consensus of rankings. As such, an institution may reasonably use these rankings as a basis for evaluations of research quality. Areas for future research are suggested.

Introduction

The academic world places strong emphasis in research and subsequent publications of their findings. The field of management is no exception. Why are research publications important? How important is the concept of journal ranking publishing academicians? This paper attempts to answer these two questions for strategic management and general management subspecialties.

Research is important to academic pursuit. Demski and Zimmerman (2000) suggested five reasons for research activities. First, research leads to "compression" of observed phenomenon into compact ideas, in order to better understand the world, and still retain key information. Second, research creates "intensive social process," (p. 345) for it encourages debates of ideas, critiques each other's work, and other social interactions necessary in academic processes. Third, academicians produce relatively few significant publications resulting in concentrated published works by a few notable authors. Finally, research makes better teaching. It forces critical thinking. Professors who do research and publish are often thought of as offering high standards in teaching and, therefore, may be better teachers. (1)

Publication productivity is often used as part of tenure, promotion, and faculty merit pay considerations. Park and Gordon (1996) found that in the field of strategic management, that at institutions with graduate programs in management, the average publication rate of faculty who received tenure was five journal articles, while the average publication record of those not receiving tenure was two journal articles. (2) Gomez-Mejia and Balkin (1992) surveyed a sample of 352 management professors and found the most significant determinant of faculty pay levels at both doctorate and non-doctorate degree granting institutions was publications in top-tier journals.

As for merit awards, Manning and Barrette (2005) report that the School of Business at the University of Ottawa, Canada, created a system in order to classify management journals in to A, B, and C categories (i.e., A-level journals being the highest, most prestigious, category) based upon the citation rates of articles published in the journals. Faculty who published in A, B, and C-level journals would receive C$8,000, C$6,000, and C$3,000, respectively. The university also included "NotABC" and Practitioner categories for journals which were not eligible for the reward program. Vikas, Lawrence, and Murshed (2008) used a sample of 298 marketing professors from 33 research-oriented public universities and found research productivity to have a positive impact on average annual salary among marketing faculty, confirming similar findings in other disciplines. Specifically, they found that publication in a Tier 1 Marketing journal would add $2,176.25 to one's average annual salary, while publishing in a Tier 2 journal would add $1,777.95 to one's average annual salary, and publishing a Tier 3 journal would add $124.85. This compares well to the previously mentioned study by Gomez-Mejia and Balkin (1992) where they found that in management a top tier publication would add $1,210 to one's average annual salary [in 1988 dollars] while publications in other journals did not increase average faculty salaries. …

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