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The Impact of Governance on the Research Performance of European Universities in Cross-Country Comparisons

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  • Sedláček Jan

    (University of Economics Prague, Faculty of International Relations, Department of World Economy, Nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic)

Abstract

The article concentrates on the impact of selected aspects of governance - the level of autonomy and the involvement of stakeholders in the internal governance of a university - on the research performance of universities measured by indicators of international university rankings in cross-country comparisons. The analyses are geographically situated in Europe. They follow two paths which are from the theoretical point of view based on the concepts of the principal-agent problem and stakeholder theory. Using linear regression, the author identifies statistically significant aspects of governance and compares them with results of previous studies. The findings serve as a basis for a discussion regarding how to create appropriate conditions for universities in order to improve their prospects for international success in research. The limitations of the results relating to the data, methodology and their application in the European context are discussed and general recommendations are formulated.

Suggested Citation

  • Sedláček Jan, 2017. "The Impact of Governance on the Research Performance of European Universities in Cross-Country Comparisons," Review of Economic Perspectives, Sciendo, vol. 17(4), pages 337-362, December.
    • Handle: RePEc:vrs:reoecp:v:17:y:2017:i:4:p:337-362:n:1
    DOI: 10.1515/revecp-2017-0018
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    References listed on IDEAS

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    1. Ross, Stephen A, 1973. "The Economic Theory of Agency: The Principal's Problem," American Economic Review, American Economic Association, vol. 63(2), pages 134-139, May.
    2. Bruno S. Frey & Reiner Eichenberger, 1993. "American and European Economics and Economists," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 185-193, Fall.
    3. Philippe Aghion & Mathias Dewatripont & Caroline Hoxby & Andreu Mas-Colell & André Sapir, . "Higher aspirations- an agenda for reforming European universities," Blueprints, Bruegel, number 1, December.
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    Cited by:

    1. Oleksandr Velychko & Liudmyla Velychko & Mykola Kharytonov, 2018. "Managing Efficiency in Higher Education: A Case of Ukrainian Universities," Social Sciences, MDPI, vol. 7(8), pages 1-15, August.

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