Role Modesl in Finance: Lessons from Life Cycle Productivity of Prolific Scholars

Abstract

This paper examines the nature of lifecycle intellectual contributions (publication productivity and quality) of prolific scholars in finance, i.e., those that have published twelve or more scholarly papers in finance journals. Like other scholars, their productivity increases dramatically in the years before tenure and early success seems to be a useful forecast of future quality and quantity of publications. However, unlike the average finance Ph.D., these role models begin publishing earlier and they maintain a high level of productivity over long periods with productivity appearing to decline only slightly after tenure. Further, there is increasing tendency to publish with co-authors and there is high concentration of these prolific scholars especially at the five top-rated finance journals. Our findings have important implications for aspiring new finance professors.