global ranking of knowledge management and intellectual capital academic journals

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Journal of Knowledge Management Global ranking of knowledge management and intellectual capital academic journals Alexander Serenko Nick Bontis Article information: To cite this document: Alexander Serenko Nick Bontis, (2009),"Global ranking of knowledge management and intellectual capital academic journals", Journal of Knowledge Management, Vol. 13 Iss 1 pp. 4 - 15 Permanent link to this document: http://dx.doi.org/10.1108/13673270910931125 Downloaded on: 11 October 2014, At: 14:57 (PT) References: this document contains references to 30 other documents. To copy this document: [email protected] The fulltext of this document has been downloaded 3690 times since 2009* Users who downloaded this article also downloaded: Alexander Serenko, Nick Bontis, (2013),"Global ranking of knowledge management and intellectual capital academic journals: 2013 update", Journal of Knowledge Management, Vol. 17 Iss 2 pp. 307-326 Sabre Cherkowski, Russell Currie, Sandy Hilton, (2012),"Who should rank our journals … and based on what?", Journal of Educational Administration, Vol. 50 Iss 2 pp. 206-230 Chih-Fong Tsai, Ya-Han Hu, Shih-Wen George Ke, (2014),"A Borda count approach to combine subjective and objective based MIS journal rankings", Online Information Review, Vol. 38 Iss 4 pp. 469-483 http://dx.doi.org/10.1108/OIR-11-2013-0253 Access to this document was granted through an Emerald subscription provided by 198285 [] For Authors If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.com Emerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. *Related content and download information correct at time of download. Downloaded by New York University At 14:57 11 October 2014 (PT)

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Page 1: Global ranking of knowledge management and intellectual capital academic journals

Journal of Knowledge ManagementGlobal ranking of knowledge management and intellectual capital academic journalsAlexander Serenko Nick Bontis

Article information:To cite this document:Alexander Serenko Nick Bontis, (2009),"Global ranking of knowledge management and intellectual capital academic journals", Journal ofKnowledge Management, Vol. 13 Iss 1 pp. 4 - 15Permanent link to this document:http://dx.doi.org/10.1108/13673270910931125

Downloaded on: 11 October 2014, At: 14:57 (PT)References: this document contains references to 30 other documents.To copy this document: [email protected] fulltext of this document has been downloaded 3690 times since 2009*

Users who downloaded this article also downloaded:Alexander Serenko, Nick Bontis, (2013),"Global ranking of knowledge management and intellectual capital academic journals: 2013update", Journal of Knowledge Management, Vol. 17 Iss 2 pp. 307-326Sabre Cherkowski, Russell Currie, Sandy Hilton, (2012),"Who should rank our journals … and based on what?", Journal of EducationalAdministration, Vol. 50 Iss 2 pp. 206-230Chih-Fong Tsai, Ya-Han Hu, Shih-Wen George Ke, (2014),"A Borda count approach to combine subjective and objective based MISjournal rankings", Online Information Review, Vol. 38 Iss 4 pp. 469-483 http://dx.doi.org/10.1108/OIR-11-2013-0253

Access to this document was granted through an Emerald subscription provided by 198285 []

For AuthorsIf you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors serviceinformation about how to choose which publication to write for and submission guidelines are available for all. Please visitwww.emeraldinsight.com/authors for more information.

About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additionalcustomer resources and services.

Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE)and also works with Portico and the LOCKSS initiative for digital archive preservation.

*Related content and download information correct at time of download.

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Page 2: Global ranking of knowledge management and intellectual capital academic journals

Global ranking of knowledge managementand intellectual capital academic journals

Alexander Serenko and Nick Bontis

Abstract

Purpose – The purpose of this paper is to develop a global ranking of knowledge management andintellectual capital academic journals.

Design/methodology/approach – An online questionnaire was completed by 233 active knowledgemanagement and intellectual capital researchers from 41 countries. Two different approaches: journalrank-order and journal scoring method were utilized and produced similar results.

Findings – It was found that the top five academic journals in the field are: Journal of KnowledgeManagement, Journal of Intellectual Capital, Knowledge Management Research and Practice,International Journal of KnowledgeManagement, and The Learning Organization. It was also concludedthat the major factors affecting perceptions of quality of academic journals are editor and review boardreputation, inclusion in citation indexes, opinion of leading researchers, appearance in ranking lists, andcitation impact.

Research limitations/implications – This study was the first of its kind to develop a ranking system foracademic journals in the field. Such a list will be very useful for academic recruitment, as well as tenureand promotion decisions.

Practical implications – The findings from this study may be utilized by various practitioners includingknowledge management professionals, university administrators, review committees and corporatelibrarians.

Originality/value – This paper represents the first documented attempt to develop a ranking ofknowledge management and intellectual capital academic journals through a survey of fieldcontributors.

Keywords Knowledge management, Intellectual capital, Serials

Paper type Research paper

Introduction

The major purpose of this study is to develop a ranking of knowledge management and

intellectual capital (KM/IC) academic journals. This was achieved through a survey of 233

active KM/IC researchers from 41 countries. To develop a ranking, two different methods

were employed, such as rank-order and scoring methods, which generated comparable

results. The secondary objective is to investigate the importance of factors that researchers

consider when they form their perceptions of journal quality.

The academic field of KM/IC is relatively young but growing at an accelerated rate (Serenko

and Bontis, 2004). Unfortunately, the few academic journals that do currently exist do not

have a long legacy, which would support their recognition in general management-wide

rankings. Currently, there are various challenges that KM/IC researchers face. Among them,

perhaps the most crucial is the recognition of KM/IC as an academic discipline by the

scientific community. Only when KM/IC is acknowledged as a distinct and reputable field of

science can KM/IC researchers be recognized by their peers and institutions for their

scholarly contributions. For this, a discipline identity should be clearly established. As a first

step towards identity development, a reflective analysis may serve as a fruitful approach

PAGE 4 j JOURNAL OF KNOWLEDGE MANAGEMENT j VOL. 13 NO. 1 2009, pp. 4-15, Q Emerald Group Publishing Limited, ISSN 1367-3270 DOI 10.1108/13673270910931125

Alexander Serenko is

based at the Faculty of

Business Administration,

Lakehead University,

Thunder Bay, Canada.

Nick Bontis is based at

DeGroote School of

Business, McMaster

University, Hamilton,

Canada.

Received: 2 May 2008Accepted: 9 May 2008The authors would like to thankall of the respondents whofound time in their busyschedules to complete thejournal ranking questionnaire.

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Page 3: Global ranking of knowledge management and intellectual capital academic journals

because it helps form an understanding of the field from a descriptive perspective

(Hirschheim and Klein, 2003; Neufeld et al., 2007). Specifically, the evaluation of outlets in

which KM/IC researchers publish their works is a vital part of a reflective analysis (Lowry

et al., 2007b).

Scientometrics is a scientific discipline that studies the process of science. It is often

referred to as a science about science (Price, 1963). The objective is to investigate scientific

processes, features, attributes and specific characteristics of science by using accepted

statistical and mathematical techniques. For example, there exists an academic journal

‘‘Scientometrics’’ totally devoted to this topic. Examples of scientometric works include

meta-analyses of investigated topics and employed methodologies, identifications of most

productive individuals and institutions, citation impact projects, co-citation analyses,

research collaboration studies, opinion surveys, and publication outlet rankings.

The purpose of this project is to develop a global ranking of KM/IC journals by employing

scientometric principles. It is believed that the establishment of a valid journal ranking may

help academia form an understanding of the discipline itself. Up until this study, no ranking

of KM/IC journals specifically had been published. Instead, a select few KM/IC journals were

included in the rankings of journals from other disciplines. They would often be integrated

within the lists of related fields such as management information systems, strategic

management, and human resources management. However, it is impossible to compare

KM/IC journals across other disciplines objectively given their different objectives, topics,

and readerships. For example, a recent ranking of information systems journals presented

by the Australian Council of Professors and Heads of Information Systems

(www.acphis.org.au) (see Fisher et al., 2007) includes several KM/IC outlets whose

ranking is relatively low. A major flaw of this approach is an inappropriate comparison of

entirely different outlets. As such, Electronic Journal of Knowledge Management and Journal

of Knowledge Management, among other pure-KM/IC outlets are ranked against

pure-technology journals, for instance, Journal of Software Maintenance & Evolution or

International Journal of Intelligent Information Technologies. On the one hand, MIS journals

often publish KM/IC-related articles. On the other hand, journal ranking lists should be

discipline-specific and cover only one particular area, otherwise, ranking validity may be

dramatically compromised. It is for this reason that the present investigation offers a ranking

of 20 KM/IC outlets that is achieved through a survey of active researchers in the field.

The rest of this paper is structured as follows. The following section outlines prior

scientometric journal ranking studies. Next, the methodology is described and results are

offered. The last section presents concluding remarks, limitations, and directions for future

research.

Literature review

Valid rankings of academic journals are of primary importance for the scientific communities

(Lowry et al., 2004, 2007a; Lewis et al., 2007). First, researchers tend to publish their

manuscripts in the most highly ranked journals available for each topic. Works appearing in

leading journals receive more exposure, get recognition and generate high citation impact.

Second, scholars, especially those in earlier stages of their academic careers, such as

doctoral students, need to know where to search for commonly accepted, popular and

rigorous theories, methodologies, and findings. In fact, many researchers assume that

works published in more prestigious outlets are generally of higher quality. Third,

educational institutions need to be aware of an overall prestige and reputation of KM/IC

journals. For example, many business schools require an academic to demonstrate a strong

record of publication in ‘‘A’’ journals to receive tenure, especially, promotion to the rank of a

full professor (Starbuck, 2005). By having evidence of journal quality, schools may evaluate

their faculty fairly and make better decisions on their careers. Fourth, government and

private funding agencies generally consider an applicant’s previous publication record

making a decision of grant allocations. The lack of a comprehensive KM/IC journal ranking

puts KM/IC scholars at disadvantage. Fifth, journal editors and publishers may want to know

about a relative standing of their journals to develop promotion strategies. Sixth, by having a

VOL. 13 NO. 1 2009 j JOURNAL OF KNOWLEDGE MANAGEMENTj PAGE 5

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journal ranking, institutional libraries as well as private and public sector organizations may

better allocate their journal subscription resources.

Overall, the exclusion from general business journal rankings or inappropriate rankings of

KM/IC journals is regrettable. As a result, scholars striving to convey their findings face two

options. First, they may submit their manuscripts to one of the KM/IC-specific outlets that will

give their works the best exposure to a target audience. Regrettably, if the rankings of these

journals are low or non-existent, which is a present situation with KM/IC journals, the quality

of this research may be questioned by colleagues, promotion committees and granting

agencies. Second, KM/IC scholars may submit their papers to well-ranked non-KM specific

outlets. However, despite the recognition of research quality and impact on a future

academic career, this work may potentially remain unnoticed by the general KM/IC

community that may tend to read mostly KM/IC-specific outlets.

Therefore, it is vital to develop a valid ranking of KM/IC academic journals given a variety of

stakeholders involved. Currently, all recognized academic disciplines may boast their own

journal rankings developed through two methods: citation analyses or expert surveys

(Franke et al., 1990; Vokurka, 1996; Walstrom and Hardgrave, 2001; Theoharakis and Hirst,

2002; Manning and Barrette, 2005; Oltheten et al., 2005).

Citation analysis dates back to 1961 when the Science Citation Index was first published

(Garfield, 1979; MacRoberts and MacRoberts, 1989). In terms of journal ranking, this

method assumes a positive relationship between an outlet ranking and a number of times

each article is cited within a certain timeframe (Garfield, 1972). To develop a ranking,

representative articles are selected from each journal, and their citations in other works are

counted. As a result, each journal is assigned a citation score that is employed in a final

ranking. After Thomson Scientific introduced Citation Impact Factors, impact scores have

become available online for select journals that are indexed by Thomson. In fact, Citation

Impact Factors have become a popular tool to assess journal quality. However, a major

problem with Citation Impact Factors is that only a fraction of all business journals is indexed

to Thomson. As a result, many journals from new and niche disciplines are underrepresented

in citation analysis rankings (Lowry et al., 2007a). With respect to KM/IC journals, none of

them was indexed by Thomson as of 2008. This automatically excludes them from citation

analysis rankings generated through the Thomson ISI Web of Science (see www.

isiknowledge.com).

Expert surveys of journal quality are the most frequently utilized method because it employs

a professional judgment of active field researchers. In contrast to citation analysis, journal

ranking is obtained through various perceptual measures of survey respondents

corresponding to outlet quality, impact, and contribution (e.g. see Hsieh et al., 2001;

Bharati and Tarasewich, 2002). An underlying premise of this approach is that the journal’s

target audience is qualified enough to report on a ranking of each outlet relative to other

competing journals. It is assumed that perceptions of discipline representatives may

accurately reflect the outlet’s contribution to the advancement of both theory and practice. In

fact, when judging one’s scholarly contribution, tenure and promotion committees or funding

agency representatives utilize their personal opinions when analyzing the quality of the

applicant’s publication outlets. As such, journal rankings are constructed by discipline

representatives and reflect their overall perceptions of the target outlets. Another major

advantage of expert surveys is their ability to collect demographic data and to develop

rankings for several categories of respondents, for example, based on their current

‘‘ The purpose of this study is to develop a ranking ofknowledge management and intellectual capital academicjournals. ’’

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occupation (e.g. academic vs practitioner) or geographic location (e.g. North America,

Europe, Australasia, World, etc.) (e.g. see Mylonopoulos and Theoharakis, 2001). A major

limitation of this method is a low response rate, potential abuses (e.g. multiple submissions

by the same respondent), and sample selection (Lowry et al., 2007a). If not addressed

properly, these issues may affect ranking validity (Cooper et al., 1993). Nevertheless, journal

quality expert surveys are a recognized and well-established method of inquiry that has

been employed in almost all business domains. Therefore, this method was utilized in the

present project.

During expert surveys, respondents employ various factors to determine the overall quality

of each journal. By building on a recent work of Rogers et al. (2007), nine criteria that apply to

the KM/IC domain were identified. Opinion of leading researchers in the area is an influential

factor; it is generally assumed that the key field experts are familiar with major works, authors

and outlets in a specific domain. Senior scholars are also respected members of tenure and

promotion committees and funding agencies. Opinion of colleagues corresponds to the

viewpoints of individuals that surround the respondent since they often express their

thoughts on the quality of particular outlets. On the one hand, opinion of senior scholars and

colleagues may be affected by their personal biases, research interests and perceptions

(Tahai and Meyer, 1999). For example, they may often overstate the quality of the journals in

which they publish. On the other hand, views they express may still dramatically influence

other academics, particularly, doctoral students and junior faculty.

Inclusion in citation indexes is important since it demonstrates the impact of each scientific

publication over time. For example, Thomson publishes citation impact factors that are

frequently used to create journal rankings. Anecdotal evidence suggests that many

researchers tend to submit their manuscripts to indexed journals to trace and demonstrate

the impact of their publications in future. Some schools tend to reward the faculty for

publishing in journals appearing in specific indexes. Even though inclusion in particular

indexes may not necessarily reflect a journal’s quality, this factor is often considered. Citation

impact factor is a consequence of journal inclusion in specific indexes. It is a numerical

measure that is generally believed to reflect a contribution of each work to the overall body of

knowledge, thereby affecting journal quality perceptions.

Acceptance/rejection rates may affect journal quality perceptions since it is generally

assumed that leading journals have more diligent review processes, report lower acceptance

rates, and, as a result, publish higher quality papers. Even though this fact is often taken for

granted in academic circles, there is evidence to suggest that this measure of journal quality is

very unreliable. For example, top journals often publish manuscripts of questionable quality,

and non-prestigious outlets present novel and ground-breaking works (Starbuck, 2005). Even

the most rigorous review process has deficiencies. For example, personal preferences of

reviewers and editorsmay affect a review process outcome (Bedeian, 2003), reviewers tend to

disagree among themselves (Starbuck, 2003), and the same paper as was accepted by a

journal in the past is likely to be rejected later (Peters and Ceci, 1982).

Inclusion in ranking lists may affect journal quality perceptions since this allows authors to

observe and demonstrate their research achievements as soon as a paper is accepted. In

fact, many institutions rely on various ranking lists for internal decision making (van Fleet

et al., 2000). If a particular outlet is missing in a ranking system adopted by a researcher’s

organization, publications in this journal may be perceived negatively. If a journal appears in

international global lists, it is more likely to be included in an institution-specific ranking

system. Journal longevity affects quality perceptions since outlets with long history are more

likely to be noticed, read and cited than their relatively new counterparts. In fact, journals that

have been in press longer usually attract more citations. Circulation corresponds to the

number of readers a journal has. A greater circulation increases the likelihood of good

articles being noticed and associated with a specific outlet. On the one hand, circulation

measures a current popularity of a journal rather than its quality or contribution. On the other

hand, a journal that has few, if any, readers is totally impractical (Lowry et al., 2007a).

Reputation of editors and review boardmembers is probably the most subjective measure of

journal prestige. Outlets, which employ leading scholars, may be perceived as highly

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influential. At the same time, the contribution of each board member to a review process and

journal promotion is usually unknown that makes this measure totally subjective.

The journal quality factors discussed above are very controversial and many arguments can

be raised about their validity. The main question, however, is the degree of importance of

these characteristics for KM/IC academics. In other words, it is critical to know how much

weight KM/IC researchers place on each of them when they form their perceptions of journal

quality. Knowing this may improve researchers’ understanding of journal ranking systems.

Therefore, the primary purpose of this project is to develop a ranking of KM/IC academic

journals. The secondary objective is to investigate the importance of the nine factors

discussed above in terms of their impact on journal quality perceptions. The following

section outlines the project’s methodology.

Methodology

Journal selection

An initial list of KM/IC journals was developed by the authors and 15 active KM/IC

academics, including journal editors, reviewed and appended this list. The objective was

two-fold. The first goal was to select only academic KM/IC journals. Therefore, all

practitioner-focused publications, for example, KM World Magazine, were excluded. It is

believed that a different ranking should be developed for practitioner publications. The

second purpose was to select journals focusing on managerial issues. Therefore, pure

technology-centered journals or trade journals were excluded. To determine whether a

journal was management or technology focused, its policy and articles were reviewed. For

example, it was determined that the following outlets should be included in information

systems journal rankings: Knowledge and Information Systems, Knowledge-Based

Systems, Data and Knowledge Engineering, International Journal of Knowledge-Based

Intelligent Engineering Systems, IEEE Transactions on Knowledge and Data Engineering,

and Information Knowledge Systems Management. International Journal of Technology,

Knowledge and Society, and Knowledge, Technology and Policy were also omitted because

they may better fit general management journal lists. As such, 20 academic KM/IC

management journals were selected.

Sample

Sampling is the most critical issue of expert surveys of journal quality. It was critically

important to select a random sample of active KM/IC scholars. Prior projects often recruited

respondents that belong to a specific association or subscribe to a certain online group.

There are three problems with this method that may lead to very biased results. First, online

forums or communities of practice may attract people interested in only a few specific topics

that may more frequently appear only in select journals. As a result, these outlets will be

assigned higher scores that do not necessarily reflect the opinion of the entire research

community. Second, non-active researchers who never published in a field under

investigation may participate in the study thereby distorting the ranking. Third, members

of a particular association may rank higher the outlets that it endorses.

To avoid these factors that may confound the ranking, the authors of this paper randomly

selected names and e-mails of 50 individuals from each of 20 journals who published an

article between 2003 to 2007. No discrimination criteria for name selection were used. The

total number of authors targeted from each journal was calculated based on the total number

of papers published over the four-year period. A list of all the authors was then generated,

‘‘ Only when KM/IC is acknowledge as a distinct and reputablefield of science can KM/IC researchers be recognized by theirpeers and institutions for their scholarly contributions. ’’

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from which every nth author was selected. For example, if a journal had 200 authors over the

four-year period, every 4th author on the list was selected, yielding a sample of 50 authors. It

is noted that in several journals almost all of the authors were selected, and fewer than 50

names were chosen from International Journal of Applied Knowledge Management, and

from Knowledge and Innovation: Journal of the KMCI. The former is a new journal, and the

latter has been discontinued. Therefore, it is acknowledged that these two outlets were

underrepresented in the sample. All duplicate records (i.e. some authors published in more

than one target journal) were identified and replaced with new names. In total, 925 unique

active KM/IC researchers were selected.

Instrument

There are two primary approaches that are used to obtain journal ranking scores: rank-order

and scoring method. According to the rank-order technique, respondents are presented

with a list of outlets and are asked to rank-order them based on specific criteria. With respect

to the scoring method, subjects are supposed to score on a Likert-type scale each journal in

terms of a number of factors. Both approaches are valid, reliable and popular in journal

ranking projects. Given that this is the first global ranking of academic KM/IC outlets, and its

results may have dramatic implications for the future of the discipline, it was decided to

employ both approaches simultaneously.

As such, the online research instrument consisted of four parts (http://foba.lakeheadu.ca/

serenko/JournalRankingSampleSurvey.pdf). In the first section, respondents were given a

list of 20 journals and were asked to rank-order at least five of them (up to 20). In the second

part, similar to prior projects, for each of 20 journals, respondents were asked to indicate on

a seven-point scale their opinion regarding:

B their degree of overall familiarity with the journal;

B the journal’s overall contribution to KM/IC theory;

B the journal’s overall contribution to KM/IC practice;

B how frequently they read articles in this journal;

B how frequently they cite articles in this journal; and

B likelihood of publishing articles in this journal.

Respondents were also asked whether they previously published or reviewed articles in this

journal. In the third section, on a seven-point scale subjects were asked to indicate the

importance of the nine journal quality factors outlined in literature review in their assessment

of the overall quality of any academic journal, including KM/IC journals. In the fourth section,

demographic information was solicited, such as geographic location, gender, highest

degree earned, major field for the highest degree earned, years of full-time academic and

non-academic work experience, current primary position, and primary and secondary

research area.

To avoid order bias, the order of journals in parts one and two of the questionnaire was

randomized so that 20 different questionnaire versions were developed and posted online.

The order of journal quality factors (part three) was also randomized in each version. Each

respondent was sent an e-mail invitation followed by two follow-up reminders. An IP address

of each subject was captured to identify and remove multiple submissions by the same

person.

Results

Out of 925 initial e-mail invitations, 114 bounced back, and 235 responses were obtained.

Two submissions with a duplicate IP address were removed. Overall, 233 valid responses

were obtained, yielding a response rate of 29 percent, which is considered satisfactory for

this type of research.

The survey respondents were from 41 different countries (see Table I). The results are

consistent with those reported by Serenko and Bontis (2004) who demonstrated that USA,

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UK and Australia are the most productive KM/IC contributors. A total 70 percent of

participants were male; 83 percent, 16 percent and 1 percent had a doctoral, master’s and

bachelor’s degree. On average, 80 percent of respondents were academics and 14 percent

were practitioners (the remaining 6 percent are assumed to be retired or unemployed at the

day of the survey). Respondents also stated that they had an average of 11 years of

academic experience and ten years of industry work experience. Figure 1 and Figure 2

outline primary and secondary research areas of the subjects. As expected, KM/IC was a

Table I Geographic location

Region (most representative countries) Total (%)

Europe (UK – 10.8%, Italy – 6.5%, Spain – 5.9%, Finland – 5.4%, Greece – 4.3%,Netherlands – 3.8%) 48.7North America (USA – 16.8%, Canada 2.8%) 19.6Australasia (Australia – 8.6%) 21.7Other 10.0Total 100.00

Figure 2 Secondary research area

Figure 1 Primary research area

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leading field, followed by a variety of reference or supporting disciplines, such as

information systems, innovation management, education, accounting, finance, etc.

To analyze rank-order items, each journal’s position was converted to a score. For example,

a journal that was ranked number 1 was given a score of 20, a second outlet was assigned

19, and the last one was given 1 point. Each journal’s scores were aggregated and

converted to a ranking list (see Table II). With respect to a scoring method employing a

seven-point Likert-type scale, each journal’s scores were summarized for each ranking

factor (see Table III).

Note that both methods produced the same list for top six journals, and only minor

discrepancies were observed. To obtain a final ranking list, scores from both methods

(rank-order and scoring method) were combined together (see Table IV).

One-way ANOVAwas employed to compare the importance of the journal quality perception

characteristics, and statistically significant mean differences were observed

(F ð8;1844Þ ¼ 21:706; p , 0:000). Three types of factors appeared:

1. highly significant, such as editor and review board reputation, inclusion in citation

indexes, opinion of leading researchers, inclusion in ranking lists, and citation impact;

2. moderate, such as opinion of colleagues and journal longevity; and

3. less significant, such as acceptance/rejection rates and circulation (i.e. number of

subscribers).

Figure 3 outlines the results.

Discussion and conclusions

The purpose of this project was two-fold. The first was to develop a global ranking of KM/IC

academic journals that was achieved by surveying 233 active discipline researchers from 41

countries. The second objective was to investigate the importance of a number of journal

quality factors based on perceptions of field contributors. Based on the findings, several

insights are offered.

First, rank-order and factor scoring methods produced very similar results. Specifically, no

discrepancies were found in the list of top six journals. Even though several journals slightly

changed their position depending on the approach, no dramatic differences were observed.

A major advantage of the rank-order method is its simplicity since it allows researchers to

Table II Journal ranking – rank-order method

Rank Title Score

1 J. of Knowledge Management 3,1842 J. of Intellectual Capital 2,2463 Knowledge Management Research & Practice 2,0564 Intl. J. of Knowledge Management 1,9625 The Learning Organization 1,5936 Knowledge and Process Management 1,5847 J. of Information and Knowledge Management 1,5718 J. of Knowledge Management Practice 1,5249 Intl. J. of Learning and Intellectual Capital 1,41110 Intl. J. of Knowledge and Learning 1,26811 Electronic J. of Knowledge Management 1,26012 Intl. J. of Knowledge Management Studies 1,19513 Intl. J. of Knowledge, Culture and Change Mng. 1,06614 VINE: The J. of Information and KM Systems 98915 Knowledge and Innovation: J. of the KMCI 90616 Intl. J. of Applied Knowledge Management 71217 Knowledge Management for Development J. 66618 The Icfai J. of Knowledge Management 58419 Intl. J. of Nuclear Knowledge Management 50420 J. of Universal Knowledge Management 486

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Table III Journal ranking – scoring method

Rank Title FamiliarityTheory

contributionPractice

contributionRead

frequencyCite

frequencyLikelihood ofpublishing Total

1 J. of Knowledge Management 829 802 785 669 591 829 4,5052 J. of Intellectual Capital 614 587 544 448 388 570 3,1513 Knowledge Management Research &

Practice 546 476 456 392 316 526 2,7124 Intl. J. of Knowledge Management 522 486 474 378 298 507 2,6655 The Learning Organization 456 385 375 329 264 436 2,2456 Knowledge and Process Management 453 384 386 313 269 417 2,2227 J. of Knowledge Management Practice 428 363 379 303 235 430 2,1388 Electronic J. of Knowledge

Management 454 380 363 315 244 378 2,1349 J. of Information and Knowledge

Management 414 374 363 297 243 418 2,10910 Intl. J. of Learning and Intellectual

Capital 391 363 327 275 230 409 1,99511 Intl. J. of Knowledge Management

Studies 366 316 303 253 205 357 1,80012 Intl. J. of Knowledge and Learning 358 312 296 237 188 328 1,71913 Intl. J. of Knowledge, Culture & Change

Mng. 330 265 264 215 180 316 1,57014 VINE: The J. of Information & KM

Systems 310 240 249 200 170 278 144715 Knowledge and Innovation: J. of the

KMCI 289 218 210 184 140 254 129516 Intl. J. of Applied Knowledge

Management 271 209 230 187 136 256 128917 Knowledge Management for

Development J. 221 171 174 146 103 196 101118 The Icfai J. of Knowledge Management 195 134 136 114 92 179 85019 J. of Universal Knowledge

Management 175 110 112 101 71 158 72720 Intl. J. of Nuclear Knowledge

Management 151 99 107 84 68 133 642

Table IV Final KM/IC academic journal ranking – rank-order and scoring methods

combined

Rank Title Score

1 J. of Knowledge Management 7,6892 J. of Intellectual Capital 5,3973 Knowledge Management Research & Practice 4,7684 Intl. J. of Knowledge Management 4,6275 The Learning Organization 3,8386 Knowledge and Process Management 3,8067 J. of Information and Knowledge Management 3,6808 J. of Knowledge Management Practice 3,6629 Intl. J. of Learning and Intellectual Capital 3,40610 Electronic J. of Knowledge Management 3,39411 Intl. J. of Knowledge Management Studies 2,99512 Intl. J. of Knowledge and Learning 2,98713 Intl. J. of Knowledge, Culture and Change Management 2,63614 VINE: The J. of Information and KM Systems 2,43615 Knowledge and Innovation: J. of the KMCI 2,20116 Intl. J. of Applied Knowledge Management 2,00117 Knowledge Management for Development J. 1,67718 The Icfai J. of Knowledge Management 1,43419 J. of Universal Knowledge Management 1,21320 Intl. J. of Nuclear Knowledge Management 1,146

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keep the questionnaire very short and reduce a cognitive load on respondents. In contrast,

the journal scoring approach requires subjects to rank each journal based on specific

criteria that is more time consuming. Therefore, it is suggested that future investigations may

employ only the rank-order method.

Second, the Journal of Knowledge Management was consistently ranked as a leading

outlet along with its sister publication, the Journal of Intellectual Capital. Both of these

journals are published by Emerald and have been around since 1997 and 2000 respectively.

The difference between The Learning Organization and Knowledge and Process

Management was trivial which suggests that researchers perceive the quality difference

between these two outlets as minor.

Third, it was concluded that the major factors affecting journal quality perceptions are the

reputation of the editor and review board members, inclusion in citation indexes, opinion of

leading researchers, inclusion in ranking lists and citation impact. This offers journal editors

and publishers valuable insights on how to improve the rankings of their journals. For

example, they may invite leading KM/IC scholars to join their editorial boards. At the same

time, the journal acceptance/rejection rates factor was ranked low. It is possible that some

scholars subconsciously form negative perceptions of journals with unreasonably high

rejection rates. Journal circulation was of the lowest importance. This demonstrates that

researchers value higher an impact of their scientific works, measured through citation

impact indexes, than the distribution of their publication to the potential readership.

Overall, the results of this project contradict the findings by Rogers et al. (2007) whose

survey respondents ranked editor’s reputation and review board affiliations as the least

important criteria. At the same time, journal acceptance rates were ranked as one of top

three factors. It is concluded that more research is needed to understand the rationale

academics use to form their perceptions of outlet quality. Future investigators may wish to

interview active field scholars to better understand this phenomenon.

It is suggested that the reader keeps in mind that only journals published in the English

language were included in this project’s ranking. Although the majority of pre-eminent

academic journals are published in English, there could still be a case for considering a

KM/IC journal appearing in a language other than English. However, it is difficult to include

journals published in different languages in a unified global ranking system. To address this

issue, country or language-specific journal lists should be developed.

In conclusion, part of the long-term vitality of the field of KM/IC rests with the attraction of new

academic researchers. Historically, doctoral candidates who wanted to pursue this field may

Figure 3 Importance of journal quality perception factors (seven-point scale)

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have been counselled otherwise owing to the lack of evidence surrounding the quality of

KM/IC journals. The phenomenological focus of KM/IC also makes the subject difficult to

pursue given that it encompasses a multi-disciplinary approach (Bontis, 1999). Furthermore,

early tenure-track researchers may have been pressured to consider alternative outlets

given that none of the top 20 journals in this field is currently ISI indexed. This study helps

understand the identity of the discipline, bolster its momentum, and shape its development

by identifying its top outlets. As the field soldiers on, many of its premier journals will have

developed a longer legacy, which would make them potential candidates for ISI inclusion. In

the meantime, the journal rankings established in this study, signal a range of quality within

the field itself that is impossible to ignore.

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About the authors

Alexander Serenko is Associate Professor of Management Information Systems at theFaculty of Business Administration, Lakehead University. Dr Serenko holds a MSc incomputer science, an MBA in electronic business, and a PhD in ManagementScience/Systems from McMaster University. His research interests pertain to knowledgemanagement, user technology adoption, and innovation. Alexander’s articles haveappeared in various refereed journals, and he has received awards at numerousCanadian, American, and international conferences.

Nick Bontis is Associate Professor of Strategy at the DeGroote School of Business,McMaster University. He received his PhD from the Ivey Business School, University ofWestern Ontario. His doctoral dissertation is recognized as the first thesis to integrate thefields of intellectual capital, organizational learning and knowledge management and is thenumber one selling thesis in Canada. He has published extensively in a variety of academicjournals and has completed four books. He is recognized the world over as a leadingprofessional speaker and consultant in the field of knowledge management and intellectualcapital. Nick Bontis is the corresponding author and can be contacted at:[email protected]

VOL. 13 NO. 1 2009 j JOURNAL OF KNOWLEDGE MANAGEMENTj PAGE 15

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