Journal of Marketing Education http://jmd.sagepub.com A Comprehensive Analysis of Marketing Journal Rankings Michelle D. Steward and Bruce R. Lewis Journal of Marketing Education 2010; 32; 75 originally published online Sep 21, 2009; DOI: 10.1177/0273475309344804 The online version of this article can be found at: http://jmd.sagepub.com/cgi/content/abstract/32/1/75 Published by: http://www.sagepublications.com On behalf of: Marketing Educators Association Additional services and information for Journal of Marketing Education can be found at: Email Alerts: http://jmd.sagepub.com/cgi/alerts Subscriptions: http://jmd.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Citations http://jmd.sagepub.com/cgi/content/refs/32/1/75 Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 A Comprehensive Analysis of Marketing Journal Rankings Journal of Marketing Education Volume 32 Number 1 April 2010 75-92 © 2010 Sage Publications 10.1177/0273475309344804 http://jmd.sagepub.com hosted at http://online.sagepub.com Michelle D. Steward Bruce R. Lewis Wake Forest University, Winston-Salem, North Carolina The purpose of this study is to offer a comprehensive assessment of journal standings in Marketing from two perspectives. The discipline perspective of rankings is obtained from a collection of published journal ranking studies during the past 15 years. The studies in the published ranking stream are assessed for reliability by examining internal correlations within the set. Aggregate rankings are presented from the published ranking stream, as well as from the two predominant ranking approaches used in these studies (opinion surveys and citation analyses). A new data source for journal rankings is introduced—the actual in-house target journal lists used by a sample of Association to Advance Collegiate Schools of Business (AACSB)-accredited schools to evaluate faculty research, representing an institutional perspective. The aggregate journal rankings from these lists are presented, as well as the rankings in two subsegments of the sample (US/non-US and doctoral/nondoctoral). The publications from the discipline perspective are compared to data from the in-house target journal lists actually used by AACSB-accredited schools. A full set of rankings across both data sets (school lists and the published article stream) is presented and differences are discussed. Keywords: journal rankings; journal perceptions; AACSB-accredited schools; discipline; institutional perspective A cross-discipline tenure and promotion committee reviews the publication records of assistant professors. A senior faculty member competes with colleagues for a university-wide scholarship award. A university compares its research productivity with peer institutions. Each of these scenarios invariably involves judgments concerning scholarly output. At universities where the expectation is for research to be published only in the top four or five journals, the quality is assumed and journal rankings are not necessarily needed. On the other hand, more than 250 journals are listed by Cabell’s Directory of Publishing Opportunities in Marketing. For publications in journals outside of those commonly accepted as the premier outlets, evaluation of the quality of this faculty scholarship must still be made using some source, whether personal judgment, peer school comparison, published journal assessments, etc. In these appraisals, journal standing is frequently used as a surrogate for the quality of a scholar’s work because of the challenges of evaluating research outside of one’s area of specialization (McAlister, 2005; Swanson, 2004). As such, assessments of journal stature should be supported by data, preferably from multiple sources (Lewis, 2008). The purpose of this study is to provide a basis for these data, derived from a comprehensive analysis of journal rankings in Marketing. This aim is addressed from two primary viewpoints, the discipline view and the institutional view. The discipline view is drawn from published studies of journal rankings. The institutional view refers to the perspective captured from school target journal lists that depict how journal stature is actually applied in universities for decision making. Earlier studies provided the groundwork for this research. For example, Hawes and Keillor (2002) present the individual, nonaggregated rankings of studies from 1980 to 2001 and offer a narrative description of the different methods used to rank journals. Polonsky and Whitelaw (2006) focus on four ranking studies and find that journals outside of the top four do not consistently receive the same ranking across the different studies. Furthermore, the perspectives of journal ranking criteria used by faculty members and the criteria that faculty members perceive their institutions use have been found to differ (Polonsky & Whitelaw, 2006), suggesting that differences could emerge in the actual rankings of journals. To date, the vast majority of published ranking studies in Marketing have relied on data collected from either the opinions of individuals in the field or citation analyses of the discipline’s journals. In addition to using the findings from these published articles, this study introduces a new data source, in-house journal lists used for evaluating faculty research from a sample of Association to Advance Collegiate Schools of Business (AACSB)-accredited schools. Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 75 76 Journal of Marketing Education No collective assessment of published Marketing journal ranking studies has been made to date, nor have evaluations of Marketing journals been based on how journal stature is actually applied in university decisions. By doing so, generalizable results can be offered from the analysis of the aggregate and directions for future research offered. In analyzing these sources, this study offers a “one-stop shopping” approach to Marketing journal appraisal in that a variety of rankings are presented within a single study determined from different bases. In the following sections, Marketing journal rankings from both the discipline and institutional views are presented. First, the results from published Marketing journal ranking articles from the past 15 years are assessed for reliability, and aggregate rankings from these studies are reported. In addition to overall rankings, rankings within both main methods used in this stream (opinion studies and citation analyses) are presented. Next, the rankings derived by aggregating data from the target journal lists from a sample of AACSB-accredited universities, including overall rankings and rankings within key demographic categories of the schools, are presented. A comparison of these two viewpoints is then offered. In the conclusion, the relevancy and implications of the findings are discussed, in addition to the limitations of the study and future directions for research on journal rankings. Discipline View The discipline view of journal ratings provides a perspective on how journal quality is addressed in the literature of a field. The importance of journals lies in their influence on the visibility and prestige afforded all discipline stakeholders (Lewis, Templeton, & Luo, 2007). Consequently, the identity of a discipline is largely established by journals that publish in the field (Lowry, Romans, & Curtis, 2004). Studies that rank journals are an empirical means to determine the relative value of publications in the field and the Marketing literature is replete with these efforts. However, no single study has provided a collective outlook at this stream of research. Sample—Published Journal Ranking Studies In total, there were 13 articles that reported rankings of Marketing journals published over the past 15 years (see Table 1). This set of studies is robust in the diversity of both method and source used to create the rankings. Seven of these studies reported journal rankings from opinion surveys, four based their analysis on citation data, and two used other sources—library holdings and data from the Research Assessment Exercise (RAE) in the United Kingdom. The current study employed the rankings and measures from these 13 studies shown in Table 1. Analysis—Metric From the Published Stream To assess the psychometric soundness of this stream of published Marketing ranking studies, a reliability analysis was conducted. In general, reliability is concerned with the dependability, or consistency, of a measure over successive trials and in different contexts (Cronbach, 1951). Reliability can be evaluated by various methods. Each approach at some level correlates scores from one source with scores from another source. High correlations illustrate a degree of consistency across the sources, systematic variance, and thus a degree of reliability (for a discussion of reliability, see Peter, 1979). The analysis in this study examined the dependability of the collection of measures from Marketing journal ranking studies published during the past 15 years by appraising how consistent they were in relation to each other. To perform this reliability assessment the ratings of all possible pairings of the 13 studies listed in Table 1 were correlated. Because of the ordinal nature of much of the data and the small number of journals in common between some of the studies, the nonparametric Spearman’s rho correlation coefficient was used. The results of this reliability appraisal are reported in Table 2. Of the 78 Spearman correlation coefficients shown in Table 2, 63 are statistically significant at the .05 level, with the vast majority of these significant beyond the .01 level. The magnitude of the statistically significant correlation coefficients ranged from .366 to .972, and in more than three-fifths of these parings greater than 50% of the variance in the relationship was explained. The 12 correlations from the Easton and Easton (2003) study, which used data from the U.K. research assessment exercise, were not statistically significant. In addition, although all but one of the reliability correlations for the Polonsky, Jones, and Kearsley (1999) study, which was based on Australian library holdings, were statistically significant at the .05 level, the magnitudes of most of these coefficients depicted only moderate correlation at best. Thus the results from these two studies do not exhibit adequate reliability. However, the other studies, based on opinion surveys and citations, exhibited strong consistency, both within the study type (opinion or citation) and between the two different types. The predominantly strong correlations for these studies provide confirmation that the studies based on citation and opinion data in the Marketing journal ranking stream exhibit acceptable reliability. Because the ratings based on opinion surveys and citation data in the published stream were deemed to be reliable, these were the only rankings used to derive the journal standing metric for the set of published studies. The rankings from the opinion and citation articles were combined by producing a weighted average across the study rankings and then ranking these weighted composites. Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Steward and Lewis / Analysis of Marketing Journal Rankings 77 Table 1 Studies in the Published Marketing Journal Ranking Stream Included in This Research Published study Heischmidt & Gordon (1993) Polonsky & Waller (1993) Hult, Neese, & Bashaw (1997) Koojaroenprasit, Weinstein, Johnson, & Remington (1998) Polonsky, Jones, & Kearsley (1999) Zinkhan & Leigh (1999) Theoharakis & Hirst (2002) Baumgartner & Pieters (2003) Easton & Easton (2003) Guidry, Guidry Hollier, Johnson, Tanner, & Veltsos (2004) Mort, McColl-Kennedy, Kiel, & Soutar (2004) Bauerly & Johnson (2005) Polonsky & Whitelaw (2006) Method used in the published study Perception ratings (relative to JMR on a 100-point scale) from Marketing department heads Perception ratings (on dichotomous scales on three criteria) from Asia-Pacific academics Perception ranking from faculty members, listed their top 10 journals Perception ratings (on a 5-point scale) from AACSB Marketing chairpersons Library holdings in Australian universities Citation index (SSCI current impact score) from 1993 to 1997 Perception ratings (top two tiers listed by respondents) from Marketing faculty Citation index (influence index based on citings) from 1996 to 1997 Cumulative sum difference score (implied journal quality) from the 2001 U.K. Research Assessment Exercise (RAE) Citation index (number of citings) in a set of six Marketing journals from 1997 to 2001 Perception ratings (on a 5-point scale) from Marketing school heads in Australia & New Zealand Citation index (number of citings) from Marketing doctoral program seminar syllabi Perception ratings (on 7-point scales on four criteria) from an online survey of U.S. and Canadian academics These composite scores actually represented a doubleweighted calculation. First, the rank for a given journal in a study was divided by the number of journals in the basket for that study. Then the mean of these basket-size-adjusted ranks for that journal was computed across studies and divided by the number of studies in which the journal appeared. This final double-weighted average was the determinant of the journal’s overall rank; the smaller the double-weighted average, the higher was the final rank. The underlying premise of this double weighting was, first, to take into account the journal basket sizes of the studies (i.e., a journal that ranked number 10 in a study of 250 journals should get a better ranking than a journal that ranked 10 in a study of 20 journals). Second, this approach factored in the number of times a journal showed up in the studies in the stream (i.e., a journal that was included in 12 studies presumably has more visibility and impact than one that was present in only 2 studies). The double weighting approach accommodated this reasoning, thus justifying its use for the final rankings to represent the discipline view. Data used in the current study Table 1—mean rating (reported on 47 journals) Table 6—overall rank (reported on 18 journals) Table 2—rank (reported on 41 journals) Table 1—mean rating (reported on 20 journals) Appendix—percentage of libraries holding the Journal (reported on 84 journals) Table 2—mean impact score (reported on 11 journals) Table 1—worldwide score (reported on 40 journals) Table 3—share percentage (reported on 49 journals) Table 5—cumulative sum index (reported on 53 Journals) Table 5—number of times cited (reported on 27 journals) Table 1—mean rating (reported on 73 journals) Table 6—number of citations (reported on 57 journals with at least 10 citations) Table 2 and appendix—weighted score (reported on 64 journals) Results—Published Stream Aggregate Rankings The individual rankings from studies that used opinion studies and those that used citation analysis are presented in Table 3. The rankings for the top 50 journals in Marketing from these studies, derived from the double weighting approach, are reported in Table 4. A hypothetical scenario illustrates the results of applying the rankings across the citation and opinion study rankings. Consider “Professor X,” a faculty member applying for a university research award that is offered every 2 years at his or her school. The decision for the award is largely based on the quality of the scholarship, which in part is determined from the journal rankings provided by the candidate. Professor X has five papers that have been published in journals over the past 2 years. This productivity is the result of a dry spell in years past in which several papers were rejected and then reworked, resubmitted, and now accepted. Professor X’s five articles appear in Journal of Business Research, Journal of International Marketing, Journal of (text continues on page 9) Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 78 Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Polonsky & Waller (1993) Hult et al. (1997) Koojaroenprasit et al. (1998) Polonsky et al. (1999) Zinkhan & Leigh (1999) Theoharakis & Hirst (2002) Baumgartner & Pieters (2003) Mort et al. (2004) Guidry et al. (2004) Bauerly & Johnson (2005) Polonsky & Whitelaw (2006) Easton & Easton (2003) Study .551 (11), .039 .775 (7), .020 .579 (13), .019 .714 (6), .055 .627 (12), .015 .819 (12), .001 .579 (10), .040 .663 (10), .018 .567 (9), .058 .636 (9), .033 1.00 (2), .500 .834 (24), .001 .947 (15), .001 .686 (34),.001 .800 (9), .005 .820 (21), .001 .756 (26), .001 .777 (24), .001 .885 (17), .001 .761 (15), .001 .856 (20), .001 .410 (5), .246 .802 (11), .001 Heischmidt & Polonsky & Gordon (1993) Waller (1993) .336 (9), .188 .804 (26), .001 .701 (23), .001 .685 (20), .001 .776 (29), .001 .804 (40), .001 .559 (31), .001 .612 (10), .030 .541 (41), .001 .948 (15), .001 Hult, et al. (1997) .500 (3), .333 .906 (17), .001 .875 (10), .001 .972 (14), .001 .961 18), .001 .945 (16), .001 .959 (13), .001 .879 (10), .001 .523 (17), .016 .042 (9), .457 .560 (36), .001 .367 (25), .035 .366 (23), .043 .539 (40), .001 .659 (44), .001 .366 (35), .015 .255 (11), .224 Koojaroenprasit Polonsky, et al. (1998) et al. (1999) 1.00 (3), .400 .933 (9), .001 .893 (7), .003 .800 (11), .002 .874 (9), .001 .671 (11), .012 .648 (10), .021 Zinkhan & Leigh (1999) .252 (8), .274 .803 (24), .001 .750 (24), .001 .928 (22), .001 .876 (26), .001 .727 (32), .001 .328 (9), .195 .743 (26), .001 .761 (23), .001 .765 (21), .001 .872 (29), .001 Theoharakis & Baumgartner & Hirst (2002) Pieters (2003) Spearman correlation coefficient (number of journals), p value .563 (8), .073 .703 (49), .001 .874 (15), .001 .904 (22), .001 Mort et al. (2004) Table 2 Reliability Analysis: Correlations Between Published Study Journal Rankings .564 (5), .161 .887 (20), .001 .852 (13), .001 Guidry et al. (2004) .400 (5), .252 .705 (14), .002 Bauerly & Johnson (2005) .036 (7), .470 Polonsky & Whitelaw (2006) Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 79 International Journal of Market Research International Journal of Research in Marketing International Journal of Retail and Distribution Management International Journal of Retailing International Marketing Review Journal of Advertising Journal of Advertising Research Journal of Applied Business Research Journal of Applied Psychology Journal of Brand Management Journal of Business Journal of Business & Industrial Marketing Journal of Business Ethics American Sociological Review Australasian Marketing Journal Business Horizons California Management Review Consumption, Markets & Culture Decision Sciences Direct Marketing: An International Journal Educational and Psychological Measurement European Journal of Marketing Harvard Business Review Industrial Marketing Management International Journal of Advertising International Journal of Bank Marketing Academy of Management Journal Academy of Management Review Academy of Marketing Science Review Administrative Science Quarterly Advances in Consumer Research Advances in International Marketing American Journal of Sociology American Marketing Association Proceedings Journal Heischmidt & Gordon (1993), opinion study 16 5 29 10 7 13 8 25 17 14 5 3 Polonsky & Waller (1993), opinion study 22 27 4 23 31 35 26 37 Hult et al. (1997), opinion study Koojaroenprasit et al. (1998), opinion study 18 35 38 9 10 26 30 7 20 10 19 8 7 7 9 20 40 15 13 6 14 7 21 38 26 33 12 Zinkhan & Leigh (1999), citation study 33 22 17 Theoharakis & Hirst (2002), opinion study 23 22 28 13 Baumgartner & Pieters (2003), citation study 26 39 23 15 11 22 17 4 9 37 36 20 19 27 6 Guidry et al. (2004), citation study 24 12 10 9 17 18 Mort et al. (2004), opinion study 45 34 23 9 13 38 28 8 16 28 54 11 72 34 21 18 40 33 15 10 43 54 43 43 36 29 17 22 25 14 Bauerly & Johnson (2005), citation study Ranks From Studies in the Published Marketing Journal Ranking Stream Since 1993 (in Journal Name Order) Table 3 (continued) 24 53 46 25 8 10 62 31 12 13 34 61 16 54 39 57 18 59 20 Polonsky & Whitelaw (2006), opinion study 80 Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Journal of Business Logistics Journal of Business Research Journal of Business Strategy Journal of Business-to-Business Marketing Journal of Consumer Affairs Journal of Consumer Behaviour Journal of Consumer Marketing Journal of Consumer Psychology Journal of Consumer Research Journal of Consumer Satisfaction, Dissatisfaction & Complaining Behavior Journal of Current Issues & Research in Advertising Journal of Database Marketing & Customer Strategy Management Journal of Euromarketing Journal of Experimental Psychology: Learning Memory and Cognition Journal of Global Marketing Journal of Health Care Marketing Journal of Interactive Marketing Journal of International Business Studies Journal of International Consumer Marketing Journal of International Marketing Journal of Macromarketing Journal of Market-Focused Management Journal of Marketing Journal of Marketing Channels Journal of Marketing Communications Journal of Marketing Education Journal of Marketing Education Review Journal of Marketing Management Journal of Marketing Management Journal of Marketing Research Journal of Marketing Theory and Practice Journal of Nonprofit & Public Sector Marketing Journal of Personal Selling & Sales Management Journal of Personality and Social Psychology Journal of Product and Brand Management Journal of Product Innovation Management Journal of Professional Services Marketing Journal of Public Policy & Marketing Journal of Retailing Journal Heischmidt & Gordon (1993), opinion study Polonsky & Waller (1993), opinion study 33 14 6 9 14 4 35 12 2 28 1 21 31 24 2 15 19 9 5 11 3 16 2 1 2 6 8 4 3 27 8 19 32 16 1 29 39 2 30 23 16 41 21 9 2 48 49 18 34 24 1 42 13 24 31 35 40 3 16 6 11 15 1 26 2 20 25 13 3 27 47 30 19 1 2 36 10 3 7 Guidry et al. (2004), citation study 44 12 45 33 13 1 18 11 Theoharakis & Hirst (2002), opinion study 12 Baumgartner & Pieters (2003), citation study 37 31 20 27 3 17 10 1 4 Hult et al. 1997), opinion study 40 8 Koojaroenprasit et al. (1998), opinion study 15 16 3 18 11 12 Zinkhan & Leigh (1999), citation study Table 3 (continued) Mort et al. (2004), opinion study 45 13 4 34 3 42 58 28 16 36 20 7 3 1 32 13 (continued) 49 7 5 28 58 22 36 55 1 44 33 17 31 46 35 2 30 52 11 50 42 45 50 54 45 45 7 58 23 19 28 2 38 42 28 37 67 40 48 19 9 3 38 26 54 25 2 53 27 Bauerly & Johnson (2005), citation study 54 23 38 21 1 50 11 Polonsky & Whitelaw (2006), opinion study Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 81 Journal of Retailing and Consumer Services Journal of Service Research Journal of Services Marketing Journal of Services Research Journal of Small Business Management Journal of Strategic Marketing Journal of the Academy of Marketing Science Journal of the Market Research Society Management Science Marketing Education Review Marketing Letters Marketing Management Marketing News Marketing Research: A Magazine of Management and Applications Marketing Science Marketing Theory Multivariate Behavioral Research Personality and Social Psychology Bulletin Psychological Bulletin Psychological Methods Psychological Science Psychology & Marketing Psychometrika Public Opinion Quarterly Sloan Management Review Strategic Management Journal Structural Equation Modeling: A Multidisciplinary Journal Journal Heischmidt & Gordon (1993), opinion study 7 12 48 5 10 13 Polonsky & Waller (1993), opinion study 9 20 Hult et al. (1997), opinion study 17 16 6 11 40 34 38 5 25 Koojaroenprasit et al. (1998), opinion study 4 20 5 14 5 Zinkhan & Leigh (1999), citation study Table 3 (continued) Theoharakis & Hirst (2002), opinion study 18 23 25 4 11 9 35 5 34 37 Baumgartner & Pieters (2003), citation study 14 29 7 8 38 5 46 25 28 31 Guidry et al. (2004), citation study 14 4 21 8 5 23 Mort et al. (2004), opinion study 16 4 27 58 64 10 45 65 19 4 28 13 34 Bauerly & Johnson (2005), citation study 18 47 36 40 9 54 47 8 47 40 4 23 6 5 24 35 15 4 26 14 41 6 23 21 43 Polonsky & Whitelaw (2006), opinion study 82 Journal of Marketing Education Table 4 Summary of the Published Marketing Journal Ranking Stream: Weighted Composite Ranks for the Top 50 Journals (in Rank Order) Both opinion and citation studies Journal Journal of Marketing Journal of Marketing Research Journal of Consumer Research Marketing Science Journal of Retailing Journal of the Academy of Marketing Science Harvard Business Review Journal of Advertising Research Management Science Journal of Advertising Journal of Business Research International Journal of Research in Marketing Journal of Public Policy & Marketing Psychological Bulletin Advances in Consumer Research Marketing Letters Industrial Marketing Management European Journal of Marketing Journal of International Business Studies Sloan Management Review Journal of Consumer Psychology Journal of Personal Selling & Sales Management Academy of Management Review Journal of Business Psychology & Marketing Journal of Services Marketing Journal of Macromarketing Administrative Science Quarterly Journal of Marketing Education Journal of Product Innovation Management Journal of Consumer Marketing Structural Equation Modeling: A Multidisciplinary Journal Journal of Personality and Social Psychology Journal of Marketing Management Business Horizons Journal of Services Research Journal of International Marketing Academy of Management Journal Journal of Business & Industrial Marketing International Marketing Review Strategic Management Journal American Marketing Association Proceedings Decision Sciences California Management Review International Journal of Advertising Journal of Health Care Marketing American Journal of Sociology Public Opinion Quarterly Journal of Marketing Theory and Practice Journal of Business Ethics Opinion studies only Rank % of studies in Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 47 49 50 100.00 100.00 100.00 90.91 100.00 90.91 54.55 100.00 36.36 90.91 63.64 81.82 90.91 9.09 45.45 63.64 81.82 72.73 45.45 45.45 63.64 72.73 9.09 45.45 54.55 72.73 45.45 9.09 54.55 45.45 72.73 9.09 18.18 54.55 45.45 18.18 45.45 9.09 54.55 45.45 18.18 36.36 36.36 27.27 36.36 36.36 9.09 9.09 36.36 27.27 1 2 3 4 5 6 7 8 18 9 11 10 13 21 17 14 12 28 20 15 16 25 19 29 27 22 50 23 65 24 36 51 26 30 31 78 69 56 39 32 34 33 55 Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 % of studies in 100.00 100.00 100.00 85.71 100.00 100.00 57.14 100.00 28.57 100.00 57.14 85.71 85.71 0.00 42.86 57.14 85.71 85.71 42.86 42.86 57.14 85.71 0.00 42.86 57.14 71.43 57.14 0.00 71.43 28.57 85.71 0.00 14.29 71.43 42.86 14.29 57.14 0.00 71.43 57.14 14.29 28.57 28.57 28.57 57.14 42.86 0.00 0.00 42.86 28.57 Citation studies only Rank 1 2 3 5 11 10 6 14 7 24 16 20 19 8 12 22 26 48 18 25 33 46 13 32 50 39 27 15 54 21 52 17 4 58 31 28 65 23 63 67 9 36 47 51 57 29 29 72 53 % of studies in 100.00 100.00 100.00 100.00 100.00 75.00 50.00 100.00 50.00 75.00 75.00 75.00 100.00 25.00 50.00 75.00 75.00 50.00 50.00 50.00 75.00 50.00 25.00 50.00 50.00 75.00 25.00 25.00 25.00 75.00 50.00 25.00 25.00 25.00 50.00 25.00 25.00 25.00 25.00 25.00 25.00 50.00 50.00 25.00 0.00 25.00 25.00 25.00 25.00 25.00 Steward and Lewis / Analysis of Marketing Journal Rankings 83 Table 5 Hypothetical Scenario of Professor X From the Discipline View: Ranks Based on Published Marketing Journal Studies Journal Aggregate rank 11 37 49 70 16 36.6 Journal of Business Research Journal of International Marketing Journal of Marketing Theory and Practice Journal of Product & Brand Management Marketing Letters Average Ranking Marketing Theory and Practice, Journal of Product & Brand Management, and Marketing Letters. Table 5 illustrates the rankings of the portfolio based on aggregated data from the published journal articles. In addition, Table 5 presents the rankings based on opinion studies and those from the citation rankings for the hypothetical portfolio. The average ranking of Professor X’s portfolio across segments of the published journal article ranking stream differs substantially. The average rank for the hypothetical portfolio from the opinion study rankings is 11 positions higher than the aggregate and nearly 20 positions better than using citation rankings alone. This is not particularly surprising because the sources of data for opinion-based and citationbased rankings are very different. However, it should be noted that there are a number of criticisms of citation analyses that provide perspective on the use of this source for journal rankings (see Leydesdorff, 2008; Mingers, 2005; Nisonger, 2004). Institutional View Target journal lists used for faculty evaluation at AACSBaccredited schools are the new data source introduced in this study to analyze the institutional view. The institutional view of journal ratings presents how journal quality is actually judged and used in universities. These journal assessments are regularly an integral part of some of the most important decisions made in academia. Van Fleet, McWilliams, and Siegal (2000, p. 340) note that “a list provides an explicit measure of how a department values research outlets.” As such, basing rankings on data from institutional lists reflects the state of journal standing used in academic practice. Sample—AACSB-Accredited Schools Target journal lists that are formally used at universities holding AACSB accreditation were collected via an e-mail Opinion rank 11 26 33 42 17 25.8 Citation rank 16 65 72 – 22 43.75 Best ranking 11 26 33 42 16 25.6 survey. Each AACSB-accredited institution was asked to submit the official journal list used for evaluating faculty publications at their school, if such a list was used. The initial call was sent in November 2006, with two follow-up requests, in December 2006 and January 2007. At the time of the third call for responses to the survey, 545 institutions held AACSB accreditation; 206 (38%) of these responded to the request. The demographics of the responding schools are reported in Table 6. The majority of the schools are located in the United States. These sample demographics were compared to those of the population of all AACSB-accredited schools to determine the representativeness of the sample (see Table 6). One-sample chi-square tests were used on the categorical demographic measures (affiliation, geographic region, degree level offered, and mission priority). Only one of these tests, on public and private affiliation, was significant at the .05 level, and only marginally so. For the continuous variables, which essentially relate to school size, one-sample t tests were used; no significant differences were found at the .05 level. The conclusion to be drawn from these tests is that the sample exhibits demographic characteristics that are similar to the population. Of the responding schools, 83 (40%) provided their formal target journal lists. Sixty-five of these schools specifically classified Marketing journals on their tiered lists; the demographics of these 65 schools are reported in Table 7. The remainder of the respondents included 89 schools that indicated they did not have internally generated lists, 12 that stated they used external lists, such as the Financial Times, and 22 that used Cabell’s Directory of Publishing Opportunities. Analysis—Metrics From AACSB School Lists For a journal to be called a “Marketing” journal in this study, the journal had to be listed on at least one of the submitted AACSB-accredited school lists designated for use in evaluating research in Marketing. When in-house lists are used by universities, journals are often categorized Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 84 Journal of Marketing Education Table 6 AACSB Schools: Demographics of the Sample and Population Sample Demographic characteristic n Affiliation Private Public Geographic region North America Europe Other Degree level offered Undergraduate only Graduate only Both Mission orientation—top priority Teaching Research Teaching and research equal Teaching, research, and service equal Size Full-time equivalent faculty Undergraduate enrollment—full-time Graduate enrollment—full-time Undergraduate degrees conferred Graduate degrees conferred % Size Full-time equivalent faculty Full-time undergraduate enrollment Full-time graduate enrollment Undergraduate degrees conferred Graduate degrees conferred % 25.37 74.63 169 362 31.83 68.17 187 13 5 91.22 6.34 2.44 446 23 25 90.28 4.66 5.06 19 7 168 9.79 3.61 86.60 37 35 415 7.60 7.19 85.22 103 21 63 7 53.09 10.82 32.47 3.61 250 59 157 21 51.33 12.11 32.24 4.31 M SD 72.5 1818.2 243.5 413.7 178.9 44.12 1472.16 429.29 333.65 207.73 Marketing subsample Affiliation Private Public Geographic region North America Europe Other Degree level offered Undergraduate only Graduate only Both Mission orientation—top priority Teaching Research Teaching and research equal Teaching, research, and service equal n One-sample test 51 150 Table 7 Demographics of the Schools in the Sample With Tiered Lists Containing Marketing Journals Demographic characteristic Population n % 12 51 19.05 80.95 54 8 3 83.08 12.31 4.61 1 2 55 1.72 3.45 94.83 16 12 26 4 27.59 20.69 44.83 6.89 M SD 274.4 2584.9 343.6 637.3 343.4 242.63 1723.44 512.70 392.38 388.67 M 76.7 1811.3 262.2 420.7 208.1 SD 51.19 1459.56 404.87 355.53 282.13 χ2 Statistic p 3.86 .049 4.05 .132 4.73 .094 0.611 .894 t statistic 1.32 0.064 0.574 0.286 1.86 p .188 .949 .566 .776 .064 in tiers based on their apparent quality. These school lists depict how journals are actually considered in practice at universities for decisions on tenure and promotion, research awards, salary improvements, etc. Given that journals are generally categorized at individual schools by their perceived value (Van Fleet et al., 2000), the metrics derived from the school lists serve as a reasonable depiction of journal standing from an operational standpoint. Using the 65 tiered school lists for Marketing journals from the survey of AACSB-accredited schools, four scores for each journal were computed: (a) the percentage of times the journal was listed in the top tier across schools, (b) the percentage of times the journal was listed in the top two tiers across schools, and (c) the percentage of times the journal was listed in any tier across schools, and (d) the weighted average mean percentile for the journal. The first three of these four scores are percentages based on simple frequency counts. However, because the number of graded tiers differed among the schools in the sample, a mean percentile score was also computed for each journal at each school based on its assignment in the school’s graded tiers. This score took into account the number of tiers at the school, the total number of journals in that school’s tiers, and the tier placement of the given journal. All journals in the same tier at a given school were given the same mean percentile score for that school. Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Steward and Lewis / Analysis of Marketing Journal Rankings 85 Table 8 Summary of the School Marketing Journal Lists: Weighted Composite Ranks for the Top 50 Journals (in Journal Name Order) Journal Rank Advances in Consumer Research Advances in International Marketing European Journal of Marketing Industrial Marketing Management International Journal of Advertising International Journal of Market Research International Journal of Research in Marketing International Marketing Review Journal of Advertising Journal of Advertising Research Journal of Brand Management Journal of Business & Industrial Marketing Journal of Business Research Journal of Business-to-Business Marketing Journal of Consumer Affairs Journal of Consumer Marketing Journal of Consumer Psychology Journal of Consumer Research Journal of Current Issues & Research in Advertising Journal of Euromarketing Journal of Global Marketing Journal of Interactive Marketing Journal of International Consumer Marketing Journal of International Marketing Journal of Macromarketing Journal of Marketing Journal of Marketing Channels Journal of Marketing Communications Journal of Marketing Education Journal of Marketing Management Journal of Marketing Research Journal of Marketing Theory and Practice Journal of Personal Selling & Sales Management Journal of Product & Brand Management Journal of Product Innovation Management Journal of Public Policy & Marketing Journal of Retailing Journal of Retailing and Consumer Services Journal of Service Research Journal of Services Marketing Journal of Strategic Marketing Journal of the Academy of Marketing Science Journal of the Market Research Society Marketing Education Review Marketing Health Services Marketing Letters Marketing Management Marketing Science Marketing Theory Psychology & Marketing These mean percentile scores were then aggregated across the schools in the sample by creating an average of the mean percentiles for each journal. The final weighted average mean percentile score was calculated by multiplying 33 46 17 13 30 44 11 29 7 8 49 28 18 32 24 23 9 3 34 47 31 25 43 16 22 2 40 50 21 26 1 27 15 36 19 10 6 42 35 20 38 5 41 45 48 12 37 4 39 14 % of times in the top tier 1.54 3.08 1.54 9.23 0.00 0.00 18.46 1.54 21.54 15.38 0.00 3.08 9.23 1.54 1.54 6.15 13.85 93.85 3.08 0.00 4.62 1.54 1.54 10.77 7.69 98.46 0.00 0.00 9.23 1.54 100.00 4.62 10.77 3.08 7.69 16.92 38.46 3.08 3.08 6.15 0.00 47.69 0.00 1.54 0.00 9.23 3.08 80.00 1.54 9.23 % of times in the top two tiers 3.08 6.15 30.77 49.23 7.69 7.69 53.85 9.23 66.15 61.54 3.08 13.85 36.92 13.85 16.92 21.54 63.08 95.38 13.85 4.62 12.31 18.46 7.69 38.46 23.08 100.00 7.69 6.15 26.15 13.85 100.00 18.46 44.62 7.69 38.46 50.77 83.08 6.15 13.85 27.69 6.15 84.62 6.15 7.69 6.15 52.31 10.77 86.15 6.15 43.08 % of times in any tier 26.15 16.92 50.77 61.54 30.77 16.92 56.92 30.77 80.00 70.77 16.92 38.46 49.23 27.69 43.08 43.08 67.69 95.38 26.15 18.46 30.77 41.54 20.00 55.38 49.23 100.00 21.54 16.92 44.62 38.46 100.00 38.46 58.46 24.62 46.15 63.08 83.08 18.46 21.54 47.69 23.08 84.62 21.54 21.54 18.46 60.00 26.15 87.69 21.54 61.54 the average mean percentile by the number of schools listing that journal in one of their tiers. This group of four school-list metrics reflects how journals are actually judged and used in practice. Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 86 Journal of Marketing Education Table 9 Summary of the School Marketing Journal Lists: Weighted Composite Ranks for the Top 50 Journals in Demographic Subsets (in Rank Order) All schools Overall % Rank Listing Journal Journal of Marketing Research Journal of Marketing Journal of Consumer Research Marketing Science Journal of the Academy of Marketing Science Journal of Retailing Journal of Advertising Journal of Advertising Research Journal of Consumer Psychology Journal of Public Policy & Marketing International Journal of Research in Marketing Marketing Letters Industrial Marketing Management Psychology & Marketing Journal of Personal Selling & Sales Management Journal of International Marketing European Journal of Marketing Journal of Business Research Journal of Product Innovation Management Journal of Services Marketing Journal of Marketing Education Journal of Macromarketing Journal of Consumer Marketing Journal of Consumer Affairs Journal of Interactive Marketing Journal of Marketing Management Journal of Marketing Theory and Practice Journal of Business & Industrial Marketing International Marketing Review International Journal of Advertising Journal of Global Marketing Journal of Business-to-Business Marketing Advances in Consumer Research Journal of Current Issues & Research in Advertising Journal of Service Research Journal of Product & Brand Management Marketing Management Journal of Strategic Marketing Marketing Theory Journal of Marketing Channels Journal of the Market Research Society Journal of Retailing and Consumer Services Journal of International Consumer Marketing International Journal of Market Research Marketing Education Review Advances in International Marketing Journal of Euromarketing Marketing Health Services Journal of Brand Management Journal of Marketing Communications U.S. schools Non-U.S. schools Doctoral Nondoctoral Rank % Listing Rank % Listing Rank % Listing Rank % Listing 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 100.00 100.00 95.38 87.69 84.62 83.08 80.00 70.77 67.69 63.08 56.92 60.00 61.54 61.54 58.46 1 2 3 4 5 6 7 10 8 9 17 15 12 13 11 100.00 100.00 94.12 84.31 82.35 78.43 74.51 64.71 66.67 66.67 47.06 50.98 54.90 56.86 58.82 1 1 1 4 7 5 9 10 13 22 6 8 12 14 17 100.00 100.00 100.00 100.00 92.86 100.00 100.00 92.86 71.43 50.00 92.86 92.86 85.71 78.57 57.14 1 1 3 4 5 6 7 9 11 12 10 8 14 16 15 100.00 100.00 97.14 88.57 80.00 74.29 68.57 57.14 51.43 51.43 54.29 60.00 48.57 45.71 45.71 1 2 3 7 5 4 6 8 9 10 17 21 13 11 12 100.00 100.00 91.30 82.61 91.30 91.30 91.30 86.96 82.61 78.26 56.52 52.17 73.91 78.26 78.26 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 55.38 50.77 49.23 46.15 47.69 44.62 49.23 43.08 43.08 41.54 38.46 38.46 38.46 30.77 30.77 30.77 27.69 26.15 26.15 14 23 16 20 19 18 21 22 24 26 30 25 27 34 33 29 31 48 28 50.98 41.18 50.98 41.18 49.02 47.06 47.06 43.14 43.14 35.29 31.37 41.18 35.29 21.57 25.49 27.45 25.49 15.69 27.45 15 11 23 16 26 34 25 31 32 19 18 45 30 21 28 39 38 20 61 71.43 85.71 42.86 64.29 42.86 35.71 57.14 42.86 42.86 64.29 64.29 28.57 50.00 64.29 50.00 42.86 35.71 64.29 21.43 13 17 18 19 29 22 20 25 27 21 26 31 23 30 28 37 24 32 36 48.57 42.86 40.00 37.14 25.71 31.43 40.00 28.57 28.57 34.29 28.57 25.71 31.43 25.71 25.71 20.00 28.57 25.71 17.14 16 20 19 22 15 14 25 18 23 27 28 24 29 34 32 26 37 55 31 69.57 56.52 56.52 52.17 73.91 69.57 60.87 65.22 60.87 47.83 52.17 60.87 47.83 30.43 34.78 47.83 26.09 17.39 34.78 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 21.54 24.62 26.15 23.08 21.54 21.54 21.54 18.46 20.00 16.92 21.54 16.92 18.46 18.46 16.92 16.92 39 40 32 60 35 37 45 43 44 53 36 46 56 38 69 54 15.69 17.65 29.41 15.69 19.61 19.61 17.65 15.69 15.69 11.76 21.57 13.73 13.73 19.61 9.80 13.73 27 29 73 24 46 44 40 42 41 35 67 47 37 78 33 43 42.86 50.00 14.29 50.00 28.57 28.57 35.71 28.57 35.71 35.71 21.43 28.57 35.71 14.29 42.86 28.57 35 34 70 33 43 41 53 72 45 39 62 59 52 49 50 40 17.14 20.00 8.57 20.00 17.14 14.29 11.43 8.57 14.29 14.29 8.57 8.57 11.43 11.43 11.43 14.29 43 42 30 63 38 39 40 35 44 53 33 36 57 41 62 61 21.74 26.09 52.17 21.74 26.09 30.43 30.43 26.09 21.74 17.39 39.13 26.09 21.74 30.43 17.39 17.39 Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Steward and Lewis / Analysis of Marketing Journal Rankings 87 Table 10 Hypothetical Scenario of Professor X From the Institutional View: Ranks Based on School Marketing Journal Lists Journal Journal of Business Research Journal of International Marketing Journal of Marketing Theory and Practice Journal of Product & Brand Management Marketing Letters Average Ranking All schools U.S. Non-U.S. Doctoral Nondoctoral Best ranking 18 16 27 36 12 21.8 16 14 25 40 15 22.0 23 15 45 29 8 24.0 18 13 31 34 8 20.8 19 16 24 42 21 24.4 16 13 24 29 8 18.0 Results—School List Aggregate Rankings The weighted average mean percentile is the most nuanced of the four metrics derived from the school lists, in that it takes into consideration not only a given journal’s tier placement at each school but also the number of tiers at the school and the number of journals graded by the school. Furthermore, in this metric each journal’s score is weighted by the number of schools that graded that journal. This is the best of the metrics available in this study for actual journal standing, in that it is based on the most information. Table 8 presents the aggregate rankings of journals from the AACSB data, based on the weighted average mean percentile scores. The other scores (percentages of tier inclusion) are also shown in Table 8. Rankings were also developed for four different segments of the data: U.S. versus non-U.S. schools, and schools with doctoral programs versus those without. The rankings for each of these segments are presented in Table 9. Returning to the hypothetical scenario featuring Professor X, the faculty member with five publications applying for a university research award, Table 10 illustrates the rankings of Professor X’s portfolio using the data collected from the AACSB-accredited schools, and the rankings in each of two subsegments (U.S. vs. non-U.S. and doctoral vs. nondoctoral). From this example, several points can be noted. First, unlike the discipline perspective results, although in some cases the rankings for individual journals differ somewhat across segments, the average ranking in Professor X’s publication portfolio remains roughly the same across segments, ranging from an average ranking of the five journals of 21 to 24. A second point to note is that although the average ranking of the portfolio in this hypothetical case remains roughly consistent across segments, there are differences in rankings of individual journals that are of interest. For example, if Professor X works for a school outside of the United States, two of the publications fare far better in these rankings. Each of these journals (Journal of Product & Brand Management and Marketing Letters) are published by companies headquartered outside of the United States. The patterns of journals ranked higher by schools with doctoral programs versus those without doctoral programs are less clear. A final point to note is that if Professor X selects the ranking for each publication to report with the award application that places each publication in the best light (see the final column in Table 10), the average ranking of the portfolio improves by a range of 3 to 6 rankings overall, to an average ranking of 18. This suggests that evaluators of research may want to consider the implications of using multiple-segment rankings that may or may not match their institution’s goals against preferences to place their faculty research in the best light. Comparison of the Two Perspectives The ratings from the 13 studies in the published set from the past 15 years were compared with metrics calculated from the data collected from journal lists used at AACSB schools. To standardize the set of journals used for both perspectives in this project, journals in the published studies were included only if they were also listed on at least one of the submitted AACSB-accredited school lists designated for use in evaluating research in Marketing. The ratings from published journal ranking articles offer proxy measures for journal standing, whereas the metrics derived from the school lists portray the value of the journals in practice. These measures were correlated to compare to the published journal ratings. Again, because of the ordinal nature of much of the data and the small number of journals in common between some of the studies and the school lists, the nonparametric Spearman’s rho correlation coefficient was used. The Spearman correlations between the published journal ratings and the metrics of journal use in academic practice are reported in Table 11. The vast majority of these correlations (41 of 52) are statistically significant at the .05 level, and in fact most of these approach the .001 level. All of the correlations for 10 of the 13 studies are statistically significant and demonstrate moderate to strong correlations ranging in magnitude from .399 to .941; in more than half of these relationships at least 50% of the variance is explained. The measures of journal standing from three of the studies in the group do not relate well to the metrics from the school lists. The rankings from the two studies that had less-used sources, library holdings (Polonsky et al., 1999), and the U.K. research assessment data (Easton & Easton, Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 88 Journal of Marketing Education Table 11 Correlations Between Published Study Journal Rankings and School List Metrics Spearman correlation coefficient (number of journals), p value Weighted average mean percentile Study Heischmidt & Gordon (1993) Polonsky & Waller (1993) Hult et al. (1997) Koojaroenprasit et al. (1998) Polonsky et al. (1999) Zinkhan & Leigh (1999) Theoharakis & Hirst (2002) Baumgartner & Pieters (2003) Easton & Easton (2003) Guidry et al. (2004) Mort et al. (2004) Bauerly & Johnson (2005) Polonsky & Whitelaw (2006) .725 (38), .001 .407 (13), .084 .497 (41), .001 .924 (20), .001 .089 (74), .226 .718 (11), .006 .514 (40), .001 .417 (46), .002 –.047 (13), .440 .865 (25), .001 .800 (72), .001 .477 (43), .001 .856 (62), .001 2003), do not show statistically significant correlations with the school list metrics. Furthermore, the results from these two studies also failed the reliability tests. These studies, though, may have other uses when considered individually. The Polonsky and Waller (1993) study, which was based on an opinion survey, is likewise bereft of statistically significant correlations at the .05 level. However, all four of the correlations from the ratings in this study and the school list metrics are of moderate size and are significant at the .10 level. Compared to the overall ranking (the weighted average mean percentile) from the AACSB-accredited school sample, all of the published ratings based on opinion surveys and citation data exhibit moderate to strong correlations. Hence, there is a manifest relationship between these measures from the studies of Marketing journal rankings and how the stature of these journals is assessed in academic practice, as captured in the school list metrics. This finding provides support that the measures based on opinion surveys and citation indices compare favorably with the school lists used to evaluate research. Likewise, this result indicates that the two viewpoints, discipline and institutional, are generally in synch overall. Conclusions A comparison of the overall journal rankings from the AACSB-accredited school data and the aggregate rankings from the published studies for the top 50 journals is presented in Table 12. Several points are apparent from this table. The first is that there is minimal dissimilarity between the two views with respect to the premier journals in Marketing; rankings based on both sources of data indicate Listed in top tier Listed in top two tiers Listed in any tier .778 (38), .001 .436 (13), .068 .645 (41), .001 .925 (20), .001 .360 (74), .001 .745 (11), .004 .668 (40), .001 .545 (46), .001 .020 (13), .475 .882 (25), .001 .727 (72), .001 .482 (43), .001 .812 (62), .001 .730 (38), .001 .466 (13), .054 .488 (41), .001 .927 (20), .001 .175 (74), .068 .729 (11), .005 .574 (40), .001 .431 (46), .001 –.088 (13), .388 .888 (25), .001 .783 (72), .001 .479 (43), .001 .848 (62), .001 .701 (38), .001 .400 (13), .088 .497 (41), .001 .941 (20), .001 .060 (74), .307 .729 (11), .005 .469 (40), .001 .399 (46), .003 –.101 (13), .372 .833 (25), .001 .781 (72), .001 .450 (43), .001 .852 (62), .001 the same six journals are at the top of the list. However, below these top six journals, rankings from the two views begin to diverge. One of the reasons for this incongruity can be attributed to the fact that the sets of journals used in the published studies incorporated journals that were not considered “pure” Marketing venues in the institutional view. Examples of these journals (with their associated aggregated ranking from the published studies) include Harvard Business Review (no. 7), Management Science (no. 9), the Psychological Bulletin (no. 14), and the Academy of Management Review (no. 23). With these journals in the mix, mainstream Marketing journals are ranked lower. This is clearly illustrated in the hypothetical scenario of Professor X. Table 13 compares the portfolio of Professor X across the institutional and discipline views. In all but one case, the journals that Professor X published in are ranked higher by the school lists than by the article stream. The one case in which the article stream ranks a journal in the hypothetical portfolio higher is the only cross-disciplinary journal in the portfolio. As alluded to above, this begs the question, Should journal rankings consider only Marketing-centric journals? Or should journals in allied fields, like Psychology and Management, be included in Marketing ranking studies? Other fields such as Information Systems (cf. Peffers & Tang, 2003) have suggested that disciplines may benefit from ranking discipline-centric journals separately from those in related fields. An advantage of doing so is that the rankings of some disciplinecentric journals may be enhanced when not in competition with allied-field journals. Many academics would agree that publications are the coin of the realm in academic pursuits because it is through these venues that the results of scholarly efforts in a discipline are disseminated. As such, the issue of quality is pertinent Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Steward and Lewis / Analysis of Marketing Journal Rankings 89 Table 12 Comparison of the Summary Rankings From School Marketing Journal Lists With the Summary Rankings From the Published Marketing Journal Ranking Stream Journal School lists rank Top 50 Journals Based on School List Data Journal of Marketing Research Journal of Marketing Journal of Consumer Research Marketing Science Journal of the Academy of Marketing Science Journal of Retailing Journal of Advertising Journal of Advertising Research Journal of Consumer Psychology Journal of Public Policy & Marketing International Journal of Research in Marketing Marketing Letters Industrial Marketing Management Psychology & Marketing Journal of Personal Selling & Sales Management Journal of International Marketing European Journal of Marketing Journal of Business Research Journal of Product Innovation Management Journal of Services Marketing Journal of Marketing Education Journal of Macromarketing Journal of Consumer Marketing Journal of Consumer Affairs Journal of Interactive Marketing Journal of Marketing Management Journal of Marketing Theory and Practice Journal of Business & Industrial Marketing International Marketing Review International Journal of Advertising Journal of Global Marketing Journal of Business-to-Business Marketing Advances in Consumer Research Journal of Current Issues & Research in Advertising Journal of Service Research Journal of Product and Brand Management Marketing Management Journal of Strategic Marketing Marketing Theory Journal of Marketing Channels Journal of the Market Research Society Journal of Retailing and Consumer Services Journal of International Consumer Marketing International Journal of Market Research Marketing Education Review Advances in International Marketing Journal of Euromarketing Marketing Health Services Journal of Brand Management Journal of Marketing Communications Top 50 Journals Based on Published Article Data Journal of Marketing Journal of Marketing Research Journal of Consumer Research Marketing Science Journal of Retailing Journal of the Academy of Marketing Science Published articles rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 2 1 3 4 6 5 10 8 21 13 12 16 17 25 22 37 18 11 30 26 29 27 31 59 88 34 49 39 40 45 56 78 15 64 73 70 72 60 53 81 63 75 95 62 86 79 89 2 1 3 4 6 5 1 2 3 4 5 6 83 80 (continued) Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 90 Journal of Marketing Education Table 12 (continued) Journal School lists rank Harvard Business Review Journal of Advertising Research Management Science Journal of Advertising Journal of Business Research International Journal of Research in Marketing Journal of Public Policy & Marketing Psychological Bulletin Advances in Consumer Research Marketing Letters Industrial Marketing Management European Journal of Marketing Journal of International Business Studies Sloan Management Review Journal of Consumer Psychology Journal of Personal Selling & Sales Management Academy of Management Review Journal of Business Psychology & Marketing Journal of Services Marketing Journal of Macromarketing Administrative Science Quarterly Journal of Marketing Education Journal of Product Innovation Management Journal of Consumer Marketing Structural Equation Modeling: A Multidisciplinary Journal Journal of Personality and Social Psychology Journal of Marketing Management Business Horizons Journal of Services Research Journal of International Marketing Academy of Management Journal Journal of Business & Industrial Marketing International Marketing Review Strategic Management Journal American Marketing Association Proceedings Decision Sciences California Management Review International Journal of Advertising Journal of Health Care Marketing Public Opinion Quarterly American Journal of Sociology Journal of Marketing Theory and Practice Journal of Business Ethics when considering the journals that communicate this research. Providing comprehensive information about the stature of journals in Marketing is the primary goal and contribution of this study. By presenting rankings from two perspectives, each based on different data, and in multiple subsegments from each view, this study aims to provide a “one-stop shopping” resource. Hunt (1993, p. 88) suggests that “communities producing knowledge that will be (and can be) relied on by others must have a set of norms to maintain quality control over assertion.” One accepted norm in the social sciences is to examine proposed measures. This appraisal of the published stream of Marketing journal ranking studies is a secondary goal and contribution of this study. The results of 69 8 83 7 18 11 10 210 33 12 13 17 56 73 9 15 161 78 14 20 22 210 21 19 23 323 59 26 109 65 16 161 28 29 120 127 61 88 30 68 128 169 27 57 Published articles rank 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 47 49 50 the analyses indicate that the two predominant types of published journal rankings in Marketing—opinion survey– based studies and citation-based studies—are reliable and in general relate to reality (as captured in the institutional metrics). This assessment of the collection of Marketing journal ranking studies is especially relevant given the number of schools that do not use internal lists to guide decisions. The findings from this study provide reassurance, for those who use journal rankings in faculty research assessments, that the majority of the studies in the stream of published rankings are psychometrically sound. In addition, the findings offer additional data for schools that wish to include multiple perspectives when evaluating faculty research. Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 Steward and Lewis / Analysis of Marketing Journal Rankings 91 Table 13 Hypothetical Scenario of Professor X: Comparison of Ranks From the Institutional and Discipline Views Journal Journal of Business Research Journal of International Marketing Journal of Marketing Theory and Practice Journal of Product & Brand Management Marketing Letters Average Ranking Institutional view Discipline view Best ranking 18 16 27 36 12 21.8 11 37 49 70 16 36.6 11 16 27 36 12 20.4 Limitations The purpose of this study is to offer information about only one of the measures, journal rankings, used in the field for the evaluation of scholarship. However, there are several limitations that should be considered when making use of these results. First, published Marketing journal ranking studies only for the past 15 years were considered. Although this allowed the study to be bound by more contemporary evaluations, historical trends in journal standings may not have been captured. Second, the focus was not to compare journals across disciplines. Although other studies do rank multiple disciples within business (see Doyle & Arthurs, 1995; Geary, Marriott, & Rowlinson, 2004; Hustad, 1997; Walstrom, 2001), the focus in this study was on journal rankings in Marketing. Third, the in-practice lists came from AACSB-accredited schools that were primarily in the United States. These schools may have a different focus than schools without AACSB-accreditation and/or international schools. In addition, although the formal lists were specifically designated by universities as the vehicles by which faculty research is evaluated, there may be additional factors actually considered in the evaluation process. Furthermore, only AACSB-accredited schools were considered. Non–AACSB-accredited schools potentially may produce different types of evaluation metrics. A specific caution is suggested that journal ranking measures of any type do not provide all the information needed to make decisions about where to publish and how to completely evaluate a scholar’s research. The use of journal rankings alone to evaluate faculty research productivity may not provide the whole picture. Furthermore, and perhaps more important, reliance only on journal ranking lists may eliminate reading and thinking about a scholar’s research as part of an evaluation of his or her research portfolio. Although use of journal rankings as the sole heuristic for assessing research quality may seem a time-saving device for administrators with a large, diverse faculty, lost in the process may be a rich understanding of the idea generation and dissemination that is at the heart of a university. Future Directions There are other ways that have not been commonly used to measure journal quality that might be as good as or better than ranking studies. Efforts aimed at creating new perspectives on appraising the quality of journals in Marketing should be encouraged. One approach might be to assess the quality of editorial boards and/or reviewers. In addition, perceptions of the journal review process itself could be assessed. Future research might explore the efficacy of citation immediacy scores to capture the changing stature of journals that are on an upward trajectory. Such perspectives could be instrumental in the development of surrogate measures of journal quality, which might be especially useful in the evaluation of new journals. Ultimately, each journal in Marketing is appraised by members of the Marketing research community at some point. As a result, journal ranking studies in Marketing will undoubtedly continue to benefit the Marketing discipline. Given the addition of new journals to the field, the comparison of journal ranking measures should be reestablished periodically. At a minimum, new studies should report correlations between the results of their study and previous ranking measures to verify consistency. These efforts strengthen the scientific integrity of the Marketing discipline and specifically provide the bona fides for an important resource in the Marketing field. Acknowledgment The support of the Association to Advance Collegiate Schools of Business (AACSB) during the data collection stage of this study is greatly appreciated. Downloaded from http://jmd.sagepub.com at WAKE FOREST UNIV on March 23, 2010 92 Journal of Marketing Education References Bauerly, R. J., & Johnson, D. T. (2005). An evaluation of journals used in doctoral marketing programs. Journal of the Academy of Marketing Science, 33, 313-329. Baumgartner, H., & Pieters, R. (2003). 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