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Do Faculty Matter? Effects of Faculty Participation in University Decisions

Author

Listed:
  • Kathleen Carroll

    (UMBC)

  • Lisa M. Dickson

    (UMBC)

  • Jane E. Ruseski

    (West Virginia University)

Abstract

This paper models faculty participation in university decision-making and the effects on enrollment, academic quality and non-academic quality. The model predicts that faculty participation positively academic quality and non-academic quality. The model predicts that faculty participation positively affects student enrollment and investments in academic quality. Without faculty involvment in decision making, universities may choose to overinvest in non-academic quality (e.g. athletics, recreational activities) relative to academic quality. If academic quality provides positive externalities as the economic literature indicates, then faculty involvment in decision-making is socially preferred to having decisions made only by university administrators.

Suggested Citation

  • Kathleen Carroll & Lisa M. Dickson & Jane E. Ruseski, 2013. "Do Faculty Matter? Effects of Faculty Participation in University Decisions," UMBC Economics Department Working Papers 13-06, UMBC Department of Economics.
    • Handle: RePEc:umb:econwp:1306
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    File URL: http://www.umbc.edu/economics/wpapers/wp_13_06.pdf
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    References listed on IDEAS

    as
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. About faculty participation in university administration
      by Economic Logician in Economic Logic on 2013-12-19 22:03:00

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    More about this item

    Keywords

    higher education; faculty governance; university decision making; incentives; nonprofit organization; public organization; organizational behavior.;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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