In February, a study about coerced citations in academic journals made headlines. Allen W. Wilhite and Eric A. Fong (both: The University of Alabama, Huntsville) revealed that editors frequently and deliberately force researchers to quote articles that originally have not been considered relevant by them (full story here).
Now, the editors of the Journal of Finance and five other Finance journals have teamed up. In a joint statement, they condemn the practise and stress:
“[We] hereby affirm that it has been, and will continue to be, our policy to avoid coercive citation practices.
While we retain professional discretion to suggest that authors cite particular papers, we will do so only when scientifically appropriate, and without regard to the journal where the cited paper is published.”
This statement is signed by the editors of the following journals: Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Review of Asset Pricing Studies, Review of Corporate Finance Studies and Review of Financial Studies.
I think this is an important move. Let’s hope that other journals will follow suit.