Why business schools do so much research: A signaling explanation
Criticism is mounting on business schools for their excessive focus on research and the relative neglect of teaching quality. This paper shows that if students have imperfect information about teaching quality and if business schools differ in their research productivity, the least productive schools would do as much research as the top-tier ones only to manipulate students' expectations. In turn, the most productive schools might resort to excess research in order to signal their type in the eyes of prospective students. Since resources are limited, they also tend to neglect teaching quality. Such a situation is socially inefficient as compared to the perfect information case.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arthur M. Diamond, 1993. "Economic Explanations of the Behaviour of Universities and Scholars," Journal of Economic Studies, Emerald Group Publishing, vol. 20(4/5), pages 107-133, September.
- Tom Coupé, 2004. "What Do We Know about Ourselves? on the Economics of Economics," Kyklos, Wiley Blackwell, vol. 57(2), pages 197-215, 05.
- 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.
- Spence, A. Michael, 2001.
"Signaling in Retrospect and the Informational Structure of Markets,"
Nobel Prize in Economics documents
2001-6, Nobel Prize Committee.
- Michael Spence, 2002. "Signaling in Retrospect and the Informational Structure of Markets," American Economic Review, American Economic Association, vol. 92(3), pages 434-459, June.
- Siow, Aloysius, 1997. "Some evidence on the signalling role of research in academia," Economics Letters, Elsevier, vol. 54(3), pages 271-276, July.
- 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.
- repec:oup:qjecon:v:87:y:1973:i:3:p:355-74 is not listed on IDEAS
- 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.
- Besancenot, Damien & Vranceanu, Radu, 2006. "Can Incentives for Research Harm Research? A Business Schools Tale," ESSEC Working Papers DR 06003, ESSEC Research Center, ESSEC Business School.
- David N. Laband & Robert D. Tollison, 2003. "Dry Holes in Economic Research," Kyklos, Wiley Blackwell, vol. 56(2), pages 161-173, 05.
- Hendrik P. van Dalen & Arjo Klamer, 2005. "Is Science A Case of Wasteful Competition?," Kyklos, Wiley Blackwell, vol. 58(3), pages 395-414, 07.
- 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.
When requesting a correction, please mention this item's handle: RePEc:eee:respol:v:38:y:2009:i:7:p:1093-1101. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.