Allen Ferrell (Law, Harvard) writes:
"I read your post on student-run law reviews and i just had to drop a line to say that i think your analysis is 100% correct.
"I think its a huge and growing problem in terms of (1) the quality of the work published in top journals; (2) length of articles; and (3) incentives created for faculty, especially junior faculty, in terms of what and how they do things. The signaling value of a securities regulation piece being published, say, in the Yale Law Journal is extremely low. In contrast, the signaling value of a piece on securities regulation being published in the Journal of Finance, to take the opposite extreme, is quite high. There is simply no way that a student-run journal, for example, can assess empirical work (or criticisms of empirical work), which will likely become more and more important in my field, corporate and securities law."
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