Academic journal article Journal of Real Estate Literature

Review Articles: The Finance and Real Estate Publications of Real Estate Editorial Board Members

Academic journal article Journal of Real Estate Literature

Review Articles: The Finance and Real Estate Publications of Real Estate Editorial Board Members

Article excerpt

Abstract

The publication records in finance and real estate journals of editorial board members of the top three business-oriented real estate journals-Real Estate Economics, Journal of Real Estate Research, and Journal of Real Estate Finance and Economics-are evaluated to discern the relative importance of both types of publication outlets in determining research excellence for real estate researchers. The temporal distribution of these publications is also assessed. Findings show that the overwhelming majority of board member publications are in real estate journals with a trend toward publishing primarily in real estate journals and that publication in finance journals is not a prerequisite for being designated a board member of a top real estate journal. The finance publications of real estate editorial board members are in premier finance journals, however, which implies a concurrent high level of quality on all real estate research. These findings support the argument that real estate should be viewed as a separate business discipline and that real estate specific research is highly rewarded within part of the academic community.

The real estate discipline has made substantial progress in developing a research foundation focused on topics of interest to real estate academics and industry constituency groups. The development and expansion of journals such as Real Estate Economics, Journal of Real Estate Research, Journal of Real Estate Finance and Economics, Journal of Real Estate Portfolio Management, and others over the last two decades is testament to the demand for real estate specific research and the creation of publication outlets to provide a supply of rigorous analysis. As Hardin, Liano, and Chan (2006) point out, the top ranked real estate journals are the source of the majority of the cited works in real estate journals and are the outlets that generate the citations of real estate articles even when real estate articles are published in other journals. In essence, the real estate discipline has developed both core and broad groups of publication outlets that focus primarily on real estate issues.

A number of recent articles evaluate the research topics of interest for the real estate discipline (Dombrow and Turnbull, 2004), rank individual and institutional research productivity in the discipline (Dombrow and Turnbull, 2000 and 2002; Urbancic, 2004; Hardin, Liano, and Chan, 2006; and Urbancic, 2007) and determine which articles and authors get cited within the real estate discipline (Redman, Manakyan, and Tanner, 1998 and 1999; and Hardin, Liano, and Chan, 2006). In an analysis of the citation patterns of papers published in the top three academic business real estate journals, Hardin, Liano, and Chan show that the majority of real estate citations for high impact real estate research are in real estate journals. They also show that even influential real estate articles published in finance, economics, and other related journals are primarily cited in the core and broad real estate journals. A question of interest is then whether real estate academics must necessarily publish in non-real estate journals to be recognized as having a research background sufficient for selection to a top real estate journal editorial board or recognition as a top scholar. A related second question of interest is whether the distribution of editorial board member appearances in finance and real estate journals has changed over time with the advent of additional real estate publications. Since selection to the editorial board of a top real estate journal is recognition of research influence and connotes research excellence, the overall distribution of publications by leading members of the real estate discipline between finance and real estate is of interest.

Two recent studies look at real estate editorial board membership to rank institutions and influential journals. Urbancic (2004) ranks the research reputation of institutions based on real estate editorial board memberships. …

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