Financial Influence

BC Finance faculty among nation's best, according to survey in journal

By Reid Oslin
Staff Writer

Faculty in the Carroll School of Management Finance Department are among the nation's most productive and influential in key research areas, according to a recent issue of the Journal of Financial Education.

The journal ranked Boston College first in the nation in the category of influence in articles about financial institutions, and 13th in influence concerning corporate finance.

Influence rankings are derived from the number of articles that are published by faculty members in 16 leading financial journals, weighted by the average Social Science Citation Index impact factor for each article. The index records the number of times an article is cited by other scholars, thus measuring its influence.

Finance faculty also were ranked 11th in total numbers of articles published about financial institutions and 12th in total articles on corporate finance.

The journal study comprises finance-related articles published from 1989 through 1993. Thirty schools were ranked in each of five categories in terms of influence and total articles published.

"This is positive evidence that Boston College has become extremely influential in specific fields of finance, especially financial institutions," said Prof. Alan Marcus (CSOM), chairman of the Finance Department.
Finance faculty include, (from left): Assoc. Prof. William Wilhelm, Prof. Robert Taggert, Prof. Hassan Tehranian and Prof. Alan Marcus.

Marcus cited the publications of Cleary Professor of Finance Edward J. Kane, professors Robert Taggart Jr. and Hassan Tehranian and Assoc. Prof. William Wilhelm Jr. as key factors to the Carroll School of Management's high rating in the survey. He also praised the work of other current and past Finance faculty, which he said has contributed to the department's overall strength in research.

Marcus said that the impressive rating is "a nice tie-in that shows how faculty research benefits students. We see that the number of our finance majors gaining key professional positions has grown dramatically in recent years."

Just a few years ago, he said, "You could count on one hand the number of students that might have gotten a Wall Street offer in a given year. Now we have several dozen. Employers in the field are seeking our graduates."

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