IDEAS home Printed from https://ideas.repec.org/a/vrs/reoecp/v17y2017i4p337-362n1.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/revecp-2017-0018
    Download Restriction: no
    File URL: https://libkey.io/10.1515/revecp-2017-0018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Karbowski, Adam, 2009. "The corporate governance implications for China," MPRA Paper 73625, University Library of Munich, Germany.
    2. Adi Masli & Matthew G. Sherwood & Rajendra P. Srivastava, 2018. "Attributes and Structure of an Effective Board of Directors: A Theoretical Investigation," Abacus, Accounting Foundation, University of Sydney, vol. 54(4), pages 485-523, December.
    3. Ernest Dautovic, 2019. "Has Regulatory Capital Made Banks Safer? Skin in the Game vs Moral Hazard," Cahiers de Recherches Economiques du Département d'économie 19.03, Université de Lausanne, Faculté des HEC, Département d’économie.
    4. Xin Qu & Majella Percy & Fang Hu & Jenny Stewart, 2022. "Can CEO equity‐based compensation limit investment‐related agency problems?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2579-2614, June.
    5. Zhaohui Yan & Mingli Wang & Yumeng Sun & Zihui Nan, 2023. "The Impact of Research and Development Investment on Total Factor Productivity of Animal Husbandry Enterprises: Evidence from Listed Companies in China," Agriculture, MDPI, vol. 13(9), pages 1-21, September.
    6. Robert E. Till & Mary Beth Yount, 2019. "Governance and Incentives: Is It Really All about the Money?," Journal of Business Ethics, Springer, vol. 159(3), pages 605-618, October.
    7. Maria del Mar Miras & Bernabe Escobar & Amalia Carrasco, 2014. "Are Spanish Listed Firms Betting on CSR during the Crisis? Evidence from the Agency Problem," Business and Management Research, Business and Management Research, Sciedu Press, vol. 3(1), pages 85-95, March.
    8. Zheng, Kaiming & Wang, Xiaoyuan & Ni, Debing, 2021. "Reciprocity information and wage personalization," China Economic Review, Elsevier, vol. 68(C).
    9. Inés Macho-Stadler & David Pérez-Castrillo, 2018. "Moral hazard: Base models and two extensions," Chapters, in: Luis C. Corchón & Marco A. Marini (ed.), Handbook of Game Theory and Industrial Organization, Volume I, chapter 16, pages 453-485, Edward Elgar Publishing.
    10. Zeeshan Noor Siddiqui, 2017. "Understanding the Linkage among Public Procurement (PP), Corruption, and Tax Morale (TM) Through Agency Theory (AT): A Review," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 9(3), pages 258-288, September.
    11. Ece ZEYBEK YILMAZ & Göksel ATAMAN BERK, 2020. "Vekâlet Kuramına Göre Türkiye’deki Otellerin Pazara Giriş Stratejilerinin Değerlendirilmesi," Istanbul Management Journal, Istanbul University Business School, vol. 0(88), pages 145-168, June.
    12. Ndayisaba, Gilbert A. & Ahmed, Abdullahi D., 2021. "Demystifying the paradoxical popularity of stock buybacks in a market environment characterised by high stock prices," International Review of Financial Analysis, Elsevier, vol. 78(C).
    13. Kellermann, Kersten & Schlag, Carsten-Henning, 2012. "Hochschulen im Zentrum der Wachstumspolitik: Von der europäischen zur liechtensteinischen Perspektive," KOFL Studien, Konjunkturforschungsstelle Liechtenstein (KOFL), Vaduz, volume 8, number 8.
    14. Edward P. Lazear, 1995. "Personnel Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121883, April.
    15. Yu, Zhen & Luo, Juncheng & Fan, Jinqi, 2024. "Bank loan approval standards and firms’ accounting conservatism: Evidence from China," Research in International Business and Finance, Elsevier, vol. 67(PB).
    16. Thaler, Richard H & Shefrin, H M, 1981. "An Economic Theory of Self-Control," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 392-406, April.
    17. Khantimirov, Denis & Karande, Kiran, 2018. "Complaint as a persuasion attempt: Front line employees’ perceptions of complaint legitimacy," Journal of Retailing and Consumer Services, Elsevier, vol. 43(C), pages 68-76.
    18. Kaufman, George G., 1995. "The role of economists in public policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(2), pages 177-185.
    19. Arzum Akkaş & Nachiketa Sahoo, 2020. "Reducing Product Expiration by Aligning Salesforce Incentives: A Data‐driven Approach," Production and Operations Management, Production and Operations Management Society, vol. 29(8), pages 1992-2009, August.
    20. Carmona, Salvador, 1998. "Vogues in management accounting research," DEE - Working Papers. Business Economics. WB 6545, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:reoecp:v:17:y:2017:i:4:p:337-362:n:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.