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University Governance and Academic Tenure: A Property Rights Explanation

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  • Willam O. Brown
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    Abstract

    This paper provides an efficiency-based explanation for several features of university governance including academic tenure. In this model, tenure is part of a broader system of organizational governance where the non-profit status of the university requires faculty members to evaluate and monitor both university administrators and trustees. The nature of the employment contract provides the incentives for the faculty to behave as residual claimants. Tenure is necessary for faculty to be willing to assume the roles normally associated with ownership without fear or reprisal from trustees and administrators.

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    Bibliographic Info

    Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

    Volume (Year): 153 (1997)
    Issue (Month): 3 (September)
    Pages: 441-

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    Handle: RePEc:mhr:jinste:urn:sici:0932-4569(199709)153:3_441:ugaata_2.0.tx_2-z

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    Cited by:
    1. William O. Brown, Jr., . "Faculty Participation in University Governance and the Effects on University Performance," Claremont Colleges Working Papers 1999-25, Claremont Colleges.
    2. Guillaume Biot-Paquerot & Jean-Luc Rossignol, 2006. "Performance Management In The Public Sector:," Post-Print hal-00137200, HAL.
    3. Glazer, A. & Kanniainen, V., 2000. "Term Length and the Quality of Appointment," Papers 00-04, California Irvine - School of Social Sciences.
    4. Jörg Heining & Jürgen Jerger & Jörg Lingens, 2008. "Deutsche Hochschulkarrieren im Fach Volkswirtschaftslehre. Eine deskriptive Analyse von Lebenslaufdaten," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(3), pages 306-328, 08.
    5. BrownJr., William O., 2001. "Faculty participation in university governance and the effects on university performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(2), pages 129-143, February.
    6. Amihai Glazer & Vesa Kanniainen, 2007. "Short-term leaders should make long-term appointments," International Tax and Public Finance, Springer, vol. 14(1), pages 55-69, February.
    7. Heining, Jörg & Jerger, Jürgen & Lingens, Jörg, 2007. "Success in the Academic Labour Market for Economics - The German Experience," University of Regensburg Working Papers in Business, Economics and Management Information Systems 422, University of Regensburg, Department of Economics.
    8. Dnes, Antony W. & Seaton, Jonathan S., 1998. "The reform of academic tenure in the United Kingdom," International Review of Law and Economics, Elsevier, vol. 18(4), pages 491-509, December.
    9. Guillaume Biot-Paquerot, 2007. "Efficacité Du Système D'Évaluation Public : Le Cas Des Universités," Post-Print halshs-00543212, HAL.
    10. Ferris, J. Stephen & McKee, Michael, 2005. "Matching Candidates with Academic Teams: A Case for Academic Tenure," International Review of Law and Economics, Elsevier, vol. 25(2), pages 290-310, June.
    11. Biot-Paquerot, Guillaume, 2006. "Organes de gouvernance et paradoxe démocratique: Le cas des conseils d’administration d’université
      [Democratic paradox and governance mediums: the case of university boards]
      ," MPRA Paper 2302, University Library of Munich, Germany.
    12. Egon Franck & Torsten Pudack & Christian Opitz, 2001. "Zur Funktion von Topmanagement-Beratungen als Karrieresprungsbrett für High Potentials," Working Papers 0003, University of Zurich, Institute for Strategy and Business Economics (ISU).

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