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Why don't we just ask them – do finance practitioners read academic research?

Lorman Lundsten (Department of Marketing, University of St Thomas, St Paul, Minnesota, USA)
Mary Daugherty (Department of Finance, University of St Thomas, St Paul, Minnesota, USA)
James Shovein (Department of Finance, University of St Thomas, St Paul, Minnesota, USA)
Michael Sullivan (Department of Finance, University of St Thomas, St Paul, Minnesota, USA)
Heino Beckmann (Department of Finance, University of St Thomas, St Paul, Minnesota, USA)
David Vang (Department of Finance, University of St Thomas, St Paul, Minnesota, USA)

Humanomics

ISSN: 0828-8666

Article publication date: 23 August 2013

Abstract

Purpose

The article attempts to determine whether academic research in the area of finance has a direct link to the practitioners in the field.

Design/methodology/approach

This paper used a survey of over 50 finance practitioners to ask their opinion on the relevance of academic finance journals to their respective jobs.

Findings

The results suggest that most business practitioners are more interested in proprietary research than in generally distributed academic research, the academic peer‐review process seems to reduce the interest of practitioners in academic research due to the time lag between the findings of research and their publication, and the statistical significance of academic research results does not interest practitioners as much as the immediate relevance of the research findings to their respective jobs.

Originality/value

A review of the literature suggests this might be one of the first papers to actually test the hypothesis that academic finance research has a direct transference to the finance industry.

Keywords

Citation

Lundsten, L., Daugherty, M., Shovein, J., Sullivan, M., Beckmann, H. and Vang, D. (2013), "Why don't we just ask them – do finance practitioners read academic research?", Humanomics, Vol. 29 No. 3, pp. 232-235. https://doi.org/10.1108/H-07-2013-0046

Publisher

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Emerald Group Publishing Limited

Copyright © 2013, Emerald Group Publishing Limited