Authors:
Chia-Lin Chang Department of Applied Economics, National Chung Hsing University, Taichung, Taiwan
Department of Finance, National Chung Hsing University, Taichung, Taiwan

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Michael McAleer Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, Rotterdam, The Netherlands
Tinbergen Institute, Amsterdam, The Netherlands
Institute of Economic Research, Kyoto University, Kyoto, Japan

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Les Oxley Department of Economics and Finance, University of Canterbury, Canterbury, New Zealand

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Abstract

The paper is concerned with analysing what makes a great journal great in the sciences, based on quantifiable Research Assessment Measures (RAM). Alternative RAM are discussed, with an emphasis on the Thomson Reuters ISI Web of Science database (hereafter ISI). Various ISI RAM that are calculated annually or updated daily are defined and analysed, including the classic 2-year impact factor (2YIF), 5-year impact factor (5YIF), Immediacy (or 0-year impact factor (0YIF)), Eigenfactor, Article Influence, C3PO (Citation Performance Per Paper Online), h-index, Zinfluence, PI-BETA (Papers Ignored—By Even The Authors), Impact Factor Inflation (IFI), and three new RAM, namely Historical Self-citation Threshold Approval Rating (H-STAR), 2 Year Self-citation Threshold Approval Rating (2Y-STAR), and Cited Article Influence (CAI). The RAM data are analysed for the 6 most highly cited journals in 20 highly-varied and well-known ISI categories in the sciences, where the journals are chosen on the basis of 2YIF. The application to these 20 ISI categories could be used as a template for other ISI categories in the sciences and social sciences, and as a benchmark for newer journals in a range of ISI disciplines. In addition to evaluating the 6 most highly cited journals in each of 20 ISI categories, the paper also highlights the similarities and differences in alternative RAM, finds that several RAM capture similar performance characteristics for the most highly cited scientific journals, determines that PI-BETA is not highly correlated with the other RAM, and hence conveys additional information regarding research performance. In order to provide a meta analysis summary of the RAM, which are predominantly ratios, harmonic mean rankings are presented of the 13 RAM for the 6 most highly cited journals in each of the 20 ISI categories. It is shown that emphasizing THE impact factor, specifically the 2-year impact factor, of a journal to the exclusion of other informative RAM can lead to a distorted evaluation of journal performance and influence on different disciplines, especially in view of inflated journal self citations.

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Scientometrics
Language English
Size B5
Year of
Foundation
1978
Volumes
per Year
1
Issues
per Year
12
Founder Akadémiai Kiadó
Founder's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Publisher Akadémiai Kiadó
Springer Nature Switzerland AG
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
CH-6330 Cham, Switzerland Gewerbestrasse 11.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0138-9130 (Print)
ISSN 1588-2861 (Online)

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