Peer-reviewed research remained the core currency of financial economics

Evidence

However, despite the many links between financial economics and market practice, the changed priorities of American business schools had the consequence that central aspects of the field’s reward system and epistemic culture remained distinctively academic and research-focused. While teaching contributions within business schools were no doubt of some importance, recognition by academic peers for research achievements was indispensable for financial economists who remained within university settings. — Donald MacKenzie, An Engine, Not a Camera, 1097