Question 1

Which countries lead Finance research?

Accepted Answer

On research quality in 2022-now, the United States, China and the United Kingdom rank highest in Finance. By volume, the United States and China publish the most (12k and 10k works in 2022-now).

Question 2

Which institutions lead Finance research?

Accepted Answer

University of Oxford (United Kingdom) ranks first in Finance on research quality in 2022-now, followed by Princeton University and Harvard University.

Question 3

Who are the leading researchers in Finance?

Accepted Answer

Counting only their work in Finance, Allen N. Berger, Campbell R. Harvey and Eugene F. Fama have the most papers in the world top 10% for their subfield and year beyond the 10% expected.

Question 4

Where is Finance research done?

Accepted Answer

The largest centres of Finance research in 2022-now are Beijing (China), London (United Kingdom), Washington D.C. (United States) and Shanghai (China). Among places with at least 20 works in it, it is an unusually large share of all research in Seoul, Parkes and Roubaix.

Question 5

Where is the best place to study Finance?

Accepted Answer

Among universities, judged by research, New York University, Princeton University and Stanford University score highest, combining standing in the field's ranking, excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

Question 6

Is Finance research growing?

Accepted Answer

Output in 2022-2025 was 4% higher than in 2018-2021, peaking in 2025. The fastest-growing topics are Sustainable Finance and Green Bonds, Community Development and Social Impact and Healthcare Systems and Reforms.

Question 7

What are the most cited papers in Finance?

Accepted Answer

The most cited paper in Finance is "Theory of the firm: Managerial behavior, agency costs and ownership structure" (Michael C. Jensen, William H. Meckling, 1976), with 72,158 citations. Next come "Common risk factors in the returns on stocks and bonds" (28,079) and "Distribution of the Estimators for Autoregressive Time Series with a Unit Root" (23,250).

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