Does Publication Follow Presentation? The Information Content of Presentations at Refereed Finance Conferences

Characteristics of Top Tier Finance Journal Publications

“…This likely reflects the fact that the WFA and AFA are more selective conferences, accepting only high quality and cutting edge research papers that are more likely to be accepted by the top tier journals. This is in line with Johnson et al (2002) who report that smaller and more selective conferences increase the ex-post rate of publication in a top tier finance journal.…”

“…In contrast, papers published in the second tier journals tend to be presented at the FMA more than papers published in the top tier journals. This is likely because the WFA and the AFA are more selective conferences, making our results consistent with Johnson, Kalay and Schallheim (2002) finding that presenting a paper at a selective conference increases the probability of publishing it in a top tier journal (Note 2). Second, authors who graduated from top business schools or are affiliated with the top schools tend to publish more in the top tier journals than in the second tier journals.…”

“…Johnson et al (2002) find that most of the presenters at the AFA, WFA and UWFC are from the top 40 business schools. Borokhovich et al (1998) report a positive relationship between finance research (number of articles in finance journals) and affiliated business schools' reputation.…”

“…Overall, they conclude that comments and discussions help strengthen the contribution of a paper and hence, ex-post, increase the likelihood of a paper being published in a top tier journal. Johnson et al (2002) argue that the fact that a paper is selected for presentation at a conference provides some information that the paper passes an initial review process. They also find cross sectional variation in the information content of presenting a paper at the conferences they studied (AFA, WFA, FMA, EFA, and UWFC).…”

“…Schweser (1977) finds that 46.2% of all Journal of Finance (JF) authors educated in the U.S. received their doctorates from the top ten universities and the top twenty schools produced 72.3% of all U.S. doctorates who published in the JF. Johnson et al (2002) examine the relation between presentations at the AFA, WFA, FMA, European Finance Association (EFA), and Utah Winter Finance Conference (UWFC) and publication rates. They find that a presentation at the UWFC increases the ex-post rate of publication in a top tier finance journal (Note 3).…”