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Monetary incentives and social ties in academic publications

Authors :
Zhenxi Chen
Donald Lien
Source :
Journal of Management Science and Engineering, Vol 8, Iss 4, Pp 490-497 (2023)
Publication Year :
2023
Publisher :
KeAi Communications Co., Ltd., 2023.

Abstract

Monetary incentives underlie academic publications, especially in countries where many researchers' incomes are performance-based. Evidence has documented that social ties improve the chances of publication in journals, whereas building and maintaining social ties require resources. We develop a simple model to investigate the consequences of monetary investment on the probability of publication through social ties. The results indicate that monetary incentive can stimulate researchers to make more efforts regarding publication. Through social ties, monetary investment in the process of academic publication distorts researchers' incentive. Monetary investment through social ties improves the probability of publication and then disables the signaling function of publication in terms of researchers’ abilities. Depending on the contribution of different types of researchers to society and the ability of the latter to differentiate the quality of publication in journals, the improvement in publication probability by monetary investment through social ties may improve or reduce the level of social welfare.

Details

Language :
English
ISSN :
20962320
Volume :
8
Issue :
4
Database :
Directory of Open Access Journals
Journal :
Journal of Management Science and Engineering
Publication Type :
Academic Journal
Accession number :
edsdoj.f86102839d34ab787c4563e78c18ac2
Document Type :
article
Full Text :
https://doi.org/10.1016/j.jmse.2023.06.001