Skip to main content
Log in

A bibliometric analysis of highly cited papers in the field of Economics and Business based on the Essential Science Indicators database

  • Published:
Scientometrics Aims and scope Submit manuscript

Abstract

Based on the Essential Science Indicators database, this study analyzed 2140 highly cited papers (HCPs) in the field of Economics and Business from 4499 authors, 914 universities, and 64 countries/territories. From this data, three lists were created: the top 76 scientists, 50 most influential universities, and 33 most influential countries/territories. The results show that the USA is the global leader in Business and Economics with 1517 HCPs, ranking number 1. Also, 46 of the top scientists (60.5%), and 37 of the most influential universities (74%) are from the USA. This study also found: (1) the collaboration network among the top 76 scientists is not very close but a relatively tight sub-network with 13 top scientists has formed; (2) all 50 most influential universities are interconnected, and the cooperation between Harvard University and MIT was the strongest, producing 23 HCPs together; (3) the collaboration network among the most influential countries is quite close with a large network of 60 nodes and only four isolated nodes. In addition, this study demonstrates that significant positive correlations exist between authors’ HCP and h-index, between universities’ HCP and h-index, and between countries’ HCP and h-index. Since h-index is known to be a reliable indicator, these correlations indicate that when evaluating the academic impact of scholars, universities, and countries, the HCP approach is also considerably useful.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6
Fig. 7

Similar content being viewed by others

References

  • Abramo, G., D’Angelo, C. A., & Caprasecca, A. (2009). Allocative efficiency in public research funding: Can bibliometrics help? Research Policy, 38(1), 206–215.

    Article  Google Scholar 

  • Batagelj, V., & Mrvar, A. (1998). Pajek: A program for large network analysis. Connections, 21(2), 47–57.

    Google Scholar 

  • Bonilla, C. A., Merigó, J. M., & Torres-Abad, C. (2015). Economics in Latin America: a bibliometric analysis. Scientometrics, 105(2), 1239–1252.

    Article  Google Scholar 

  • Borgman, C. L., & Furner, J. (2002). Scholarly communication and bibliometrics. Annual Review of Information Science and Technology, 36(1), 3–72.

    Google Scholar 

  • Braun, T., Glänzel, W., & Schubert, A. (2005). A Hirsch-type index for journals. The Scientist, 19(22), 8–10.

    Google Scholar 

  • Chan, K. C., Chang, C. H., & Chen, C. R. (2011). Financial research in the European region: a long-term assessment (1990–2008). European Financial Management, 17(2), 391–411.

    Article  Google Scholar 

  • Chen, C. (2006). CiteSpace II: Detecting and visualizing emerging trends and transient patterns in scientific literature. Journal of the American Society for Information Science and Technology, 57(3), 359–377.

    Article  MathSciNet  Google Scholar 

  • Chiu, W. T., & Ho, Y. S. (2007). Bibliometric analysis of tsunami research. Scientometrics, 73(1), 3–17.

    Article  Google Scholar 

  • Chuang, K. Y., Wang, M. H., & Ho, Y. S. (2011). High-impact papers presented in the subject category of water resources in the essential science indicators database of the institute for scientific information. Scientometrics, 87(3), 551–562.

    Article  Google Scholar 

  • Clarivate Analytics. (2017). Highly cited researchers. Retrieved March 3, 2018 from https://clarivate.com/hcr/2017-researchers-list/.

  • Csajbók, E., Berhidi, A., Vasas, L., & Schubert, A. (2007). Hirsch-index for countries based on Essential Science Indicators data. Scientometrics, 73(1), 91–117.

    Article  Google Scholar 

  • Cuccurullo, C., Aria, M., & Sarto, F. (2016). Foundations and trends in performance management. A twenty-five years bibliometric analysis in business and public administration domains. Scientometrics, 108(2), 595–611.

    Article  Google Scholar 

  • Davarpanah, M. R., & Aslekia, S. (2008). A scientometric analysis of international LIS journals: Productivity and characteristics. Scientometrics, 77(1), 21–39.

    Article  Google Scholar 

  • De Bakker, F. G., Groenewegen, P., & Den Hond, F. (2005). A bibliometric analysis of 30 years of research and theory on corporate social responsibility and corporate social performance. Business and Society, 44(3), 283–317.

    Article  Google Scholar 

  • Fu, H. Z., Chuang, K. Y., Wang, M. H., & Ho, Y. S. (2011). Characteristics of research in China assessed with Essential Science Indicators. Scientometrics, 88(3), 841–862.

    Article  Google Scholar 

  • Glänzel, W. (2002). Coauthorship patterns and trends in the sciences (1980–1998): A bibliometric study with implications for database indexing and search strategies. Library Trends, 50(3), 461–475.

    Google Scholar 

  • Hirsch, J. E. (2005). An index to quantify an individual’s scientific research output. Proceedings of the National Academy of Sciences of the United States of America, 102(46), 16569–16572.

    Article  MATH  Google Scholar 

  • Hoepner, A. G., Kant, B., Scholtens, B., & Yu, P. S. (2012). Environmental and ecological economics in the 21st century: An age adjusted citation analysis of the influential articles, journals, authors and institutions. Ecological Economics, 77, 193–206.

    Article  Google Scholar 

  • Hsieh, P. N., & Chang, P. L. (2009). An assessment of world-wide research productivity in production and operations management. International Journal of Production Economics, 120(2), 540–551.

    Article  Google Scholar 

  • Hsu, C. L., & Chiang, C. H. (2015). The financial crisis research: a bibliometric analysis. Scientometrics, 105(1), 161–177.

    Article  Google Scholar 

  • Jacsó, P. (2009). The h-index for countries in web of science and scopus. Online Information Review, 33(4), 831–837.

    Article  Google Scholar 

  • Karpagam, R., Gopalakrishnan, S., Natarajan, M., & Babu, B. R. (2011). Mapping of nanoscience and nanotechnology research in India: a scientometric analysis, 1990–2009. Scientometrics, 89(2), 501–522.

    Article  Google Scholar 

  • Kharabaf, S., & Abdollahi, M. (2012). Science growth in Iran over the past 35 years. Journal of Research in Medical Sciences, 17(3), 275–279.

    Google Scholar 

  • Kumar, L., Sripada, S., & Sureka, A. (2016). A bibliometric study of Asia Pacific software engineering conference from 2010 to 2015. arXiv:1610.09635 [cs.SE]. https://arxiv.org/abs/1610.09635. Accessed November 1, 2016.

  • Li, L. L., Ding, G., Feng, N., Wang, M. H., & Ho, Y. S. (2009). Global stem cell research trend: Bibliometric analysis as a tool for mapping of trends from 1991 to 2006. Scientometrics, 80(1), 39–58.

    Article  Google Scholar 

  • Merigó, J. M., Gil-Lafuente, A. M., & Yager, R. R. (2015). An overview of fuzzy research with bibliometric indicators. Applied Soft Computing, 27, 420–433.

    Article  Google Scholar 

  • Merigó, J. M., Rocafort, A., & Aznar-Alarcón, J. P. (2016). Bibliometric overview of business and economics research. Journal of Business Economics and Management, 17(3), 397–413.

    Article  Google Scholar 

  • Molinari, A., & Molinari, J. F. (2008). Mathematical aspects of a new criterion for ranking scientific institutions based on the h-index. Scientometrics, 75(2), 339–356.

    Article  Google Scholar 

  • Mugnaini, R., Packer, A. L., & Meneghini, R. (2008). Comparison of scientists of the Brazilian Academy of Sciences and of the National Academy of Sciences of the USA on the basis of the h-index. Brazilian Journal of Medical and Biological Research, 41(4), 258–262.

    Article  Google Scholar 

  • Olden, J. D. (2007). How do ecological journals stack-up? Ranking of scientific quality according to the h index. Ecoscience, 14(3), 370–376.

    Article  Google Scholar 

  • Pardo, C., Reolid, M., Delicado, M. V., Mallebrera, E., & García-Meseguer, M. J. (2001). Nursing research in Spain: Bibliometrics of references of research papers in the decade 1985–1994. Journal of Advanced Nursing, 35(6), 933–943.

    Article  Google Scholar 

  • Pilkington, A., & Meredith, J. (2009). The evolution of the intellectual structure of operations management—1980–2006: A citation/co-citation analysis. Journal of Operations Management, 27(3), 185–202.

    Article  Google Scholar 

  • Podsakoff, P. M., MacKenzie, S. B., Podsakoff, N. P., & Bachrach, D. G. (2008). Scholarly influence in the field of management: A bibliometric analysis of the determinants of university and author impact in the management literature in the past quarter century. Journal of Management, 34(4), 641–720.

    Article  Google Scholar 

  • Pouris, A. (2007). The international performance of the South African academic institutions: A citation assessment. Higher Education, 54(4), 501–509.

    Article  Google Scholar 

  • Rey-Martí, A., Ribeiro-Soriano, D., & Palacios-Marqués, D. (2016). A bibliometric analysis of social entrepreneurship. Journal of Business Research, 69(5), 1651–1655.

    Article  Google Scholar 

  • Schubert, A. (2007). Successive h-indices. Scientometrics, 70(1), 201–205.

    Article  Google Scholar 

  • Sci2 Team. (2009). Science of Science (Sci2) Tool. Indiana University and SciTech Strategies. Retrieved November 24, 2016 from https://Sci2.cns.iu.edu.

  • Sooryamoorthy, R. (2010). Medical research in South Africa: A scientometric analysis of trends, patterns, productivity and partnership. Scientometrics, 84(3), 863–885.

    Article  Google Scholar 

  • Tabatabaei, N., & Beheshti, J. (2008). Interdisciplinary outreach of library and information science research as reflected in ‘‘Essential Science Indicators’’. In Proceedings of the 36th Conference of the Canadian Association for Information Science (CAIS) (pp. 5–7). University of British Columbia.

  • van Eck, N. J., & Waltman, L. (2010). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, 84(2), 523–538.

    Article  Google Scholar 

  • Wagstaff, A., & Culyer, A. J. (2012). Four decades of health economics through a bibliometric lens. Journal of Health Economics, 31(2), 406–439.

    Article  Google Scholar 

  • Wan, S., Zhang, N., Wang, P., Zhang, P., & Wu, Q. (2017). A brief analysis of top scientists in the field of Economics and Business based on the Essential Science Indicators database. In: Proceedings of ISSI 2017: The 16th international conference on scientometrics and informetrics (pp. 896–901). China: Wuhan University.

  • Zhang, X., Chen, H., Wang, W., & Ordóñez de Pablos, P. (2016). What is the role of IT in innovation? A bibliometric analysis of research development in IT innovation. Behaviour and Information Technology, 35(12), 1130–1143.

    Article  Google Scholar 

Download references

Acknowledgements

The present study is an extended version of an article presented at the 16th International Conference on Scientometrics and Informetrics, Wuhan (China), 16–20 October 2017 (Wan et al. 2017). This research was supported in part by the National Natural Science Foundation of China (Grants 71273250). We would like to thank the editors and anonymous reviewers for their constructive comments and suggestions, which helped us to improve the paper.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Qiang Wu.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Zhang, N., Wan, S., Wang, P. et al. A bibliometric analysis of highly cited papers in the field of Economics and Business based on the Essential Science Indicators database. Scientometrics 116, 1039–1053 (2018). https://doi.org/10.1007/s11192-018-2786-7

Download citation

  • Received:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11192-018-2786-7

Keywords

Navigation