In this month’s issue of Communications of the ACM there is a paper that shows that selective ACM conference papers are on par, or better than, journal articles in terms of citation counts.
From the paper:
“First and foremost, computing researchers are right to view conferences as an important archival venue and use acceptance rate as an indicator of future impact. Papers in highly selective conferences—acceptance rates of 30% or less—should continue to be treated as first-class research contributions with impact comparable to, or better than, journal papers.”
Considering that the authors only compared these conference papers against the top-tier journals (ACM Transactions), their finding is surprisingly strong. It also strengthens my view that in computer science, selective conference papers are as good, if not better, than journal articles.