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Why Business Schools Do So Much Research: A Signaling Explanation

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Author Info

  • Besancenot, Damien

    ()
    (Université Paris 13 and CEPN (Centre d'Economie de l'Université Paris Nord))

  • Faria, Joao Ricardo

    ()
    (Nottingham Business School)

  • Vranceanu, Radu

    ()
    (ESSEC Business School)

Abstract

Criticism is mounting on business schools for their excessive focus on research and for neglecting teaching. We show that if students have imperfect information about a school’s overall capabilities and if business schools differ in their research productivity, the least productive schools may do as much research as the top-tier ones only to manipulate student’s expectations. In turn, the most productive schools might resort to excess research in order to signal their type in the eyes of future students. This signalling equilibrium is characterized by a relative neglect of teaching by the top-tier schools. Such a situation is socially inefficient as compared to the perfect information case.

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Bibliographic Info

Paper provided by ESSEC Research Center, ESSEC Business School in its series ESSEC Working Papers with number DR 08002.

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Length: 19 pages
Date of creation: Jan 2008
Date of revision:
Handle: RePEc:ebg:essewp:dr-08002

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Postal: ESSEC Research Center, BP 105, 95021 Cergy, France
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Web page: http://www.essec.edu/
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Related research

Keywords: Business Schools; Research management; Research policy; Research vs. teaching; Signalling; Imperfect information;

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References

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  1. Besancenot, Damien & Vranceanu, Radu, 2008. "Can incentives for research harm research? A business schools' tale," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1248-1265, June.
  2. J. S. Armstrong, 2005. "The Devil s Advocate Responds to an MBA Student s Claim that Research Harms Learning," General Economics and Teaching 0502008, EconWPA.
  3. Spence, A. Michael, 2001. "Signaling in Retrospect and the Informational Structure of Markets," Nobel Prize in Economics documents 2001-6, Nobel Prize Committee.
  4. Besancenot, Damien & Huynh, Kim & Vranceanu, Radu, 2006. "The "Read or Write" Dilemma in Academic Production: A European Perspective," ESSEC Working Papers DR 06021, ESSEC Research Center, ESSEC Business School.
  5. David N. Laband & Robert D. Tollison, 2003. "Dry Holes in Economic Research," Kyklos, Wiley Blackwell, vol. 56(2), pages 161-173, 05.
  6. Elizabeth Becker & Cotton M. Lindsay & Gary Grizzle, 2003. "The derived demand for faculty research," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(8), pages 549-567.
  7. Spence, A Michael, 1973. "Job Market Signaling," The Quarterly Journal of Economics, MIT Press, vol. 87(3), pages 355-74, August.
  8. Tom Coupé, 2004. "What Do We Know about Ourselves? on the Economics of Economics," Kyklos, Wiley Blackwell, vol. 57(2), pages 197-215, 05.
  9. Hendrik P. van Dalen & Arjo Klamer, 2005. "Is Science A Case of Wasteful Competition?," Kyklos, Wiley Blackwell, vol. 58(3), pages 395-414, 07.
  10. Siow, Aloysius, 1997. "Some evidence on the signalling role of research in academia," Economics Letters, Elsevier, vol. 54(3), pages 271-276, July.
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Citations

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Cited by:
  1. El Ouardighi, Fouad & Kogan, Konstantin & Vranceanu , Radu, 2013. "Publish or Teach ? : Analysis of the Professor's Optimal Career Plan," ESSEC Working Papers WP1307, ESSEC Research Center, ESSEC Business School.
  2. Carmen Anton & Nelu Florea & Silviu-Mihail Tiþã, 2012. "Comparison Of Scientific Socio-Economic Research Performances In Eastern European Universities," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 636-647, December.
  3. Naiditch, Claire & Vranceanu, Radu, 2009. "Remittances as a Social Status Signaling Device," ESSEC Working Papers DR 09015, ESSEC Research Center, ESSEC Business School.
  4. Jellal, Mohamed & Faria, Joao & Elaoufi, Noureddine, 2012. "Endogenous dynamic academic research culture," MPRA Paper 38711, University Library of Munich, Germany.
  5. El Ouardighi, Fouad & Kogan, Konstantin & Vranceanu, Radu, 2013. "Publish or teach? Analysis of the professor's optimal career path," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 1995-2009.

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