Identifying Sub-community of Finance Research

Journal rankings based on citation of article or perception of faculty are frequently applied as tools of finance journals classification. Nonetheless, criticisms frequently arise because these approaches do not take into account the underlying diversity of the finance research community. This study is to presents a new general-purpose sub-categories grouping method by author's keywords for financial journals. Based on a worldwide sample of 15,298 articles from 47 journals in Finance field during 1999 to 2008, we classified finance journals of SSCI into seven bigger sub-categories. Finally, we named Groups in Real Estate, Accounting, General Finance, Mathematical Finance, Monetary Policy, Fiscal Policy, and Insurance, respectively.