Why Business Schools Do So Much Research: A Signaling Explanation
AbstractCriticism 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 InfoPaper provided by ESSEC Research Center, ESSEC Business School in its series ESSEC Working Papers with number DR 08002.
Length: 19 pages
Date of creation: Jan 2008
Date of revision:
Business Schools; Research management; Research policy; Research vs. teaching; Signalling; Imperfect information;
Other versions of this item:
- Besancenot, Damien & Faria, Joao Ricardo & Vranceanu, Radu, 2009. "Why business schools do so much research: A signaling explanation," Research Policy, Elsevier, vol. 38(7), pages 1093-1101, September.
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
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