IDEAS home Printed from https://ideas.repec.org/a/sae/ausman/v32y2007i1p29-55.html

The Market For Australian Vice-Chancellors

Author

Listed:
  • Lisa H. C. Soh

    (Executive, Corporate Finance & Equity Capital Markets, Allco Finance Group, 1204/1 Hosking Place, Sydney NSW 2000.)

Abstract

Are Vice-Chancellors and CEOs remunerated on the same basis? We analyse data from university annual reports on Vice Chancellors' remuneration over 1995–2002 and test whether there is alignment between the market for Vice-Chancellors and CEOs in Australia by investigating the relationship between remuneration and size between universities and companies. We find that the responsiveness of pay to institution size is dissimilar, with Vice-Chancellors receiving on average about 56% less than CEOs. We also compare the demographic profile of Vice-Chancellors against CEOs, showing that relative to CEOs, Vice-Chancellors are appointed later in life but do not have shorter tenures.

Suggested Citation

  • Lisa H. C. Soh, 2007. "The Market For Australian Vice-Chancellors," Australian Journal of Management, Australian School of Business, vol. 32(1), pages 29-55, June.
    • Handle: RePEc:sae:ausman:v:32:y:2007:i:1:p:29-55
    DOI: 10.1177/031289620703200103
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/031289620703200103
    Download Restriction: no
    File URL: https://libkey.io/10.1177/031289620703200103?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gary S. Becker, 1964. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, First Edition," NBER Books, National Bureau of Economic Research, Inc, number beck-5, August.
    2. James L. Medoff & Katharine G. Abraham, 1981. "Are Those Paid More Really More Productive? The Case of Experience," Journal of Human Resources, University of Wisconsin Press, vol. 16(2), pages 186-216.
    3. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    4. Cornell, Bradford, 2004. "Compensation and recruiting: private universities versus private corporations," Journal of Corporate Finance, Elsevier, vol. 10(1), pages 37-52, January.
    5. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    6. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joaquin Turmo-Garuz & M.-Teresa Bartual-Figueras & Francisco-Javier Sierra-Martinez, 2019. "Factors Associated with Overeducation Among Recent Graduates During Labour Market Integration: The Case of Catalonia (Spain)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(3), pages 1273-1301, August.
    2. Hans‐Peter Y. Qvist & Anders Holm & Martin D. Munk, 2021. "Demand and Supply Effects and Returns to College Education: Evidence from a Natural Experiment with Engineers in Denmark," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(2), pages 676-704, April.
    3. repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
    4. Hans Heijke & Christoph Meng & Ger Ramaekers, 2003. "An investigation into the role of human capital competences and their pay‐off," International Journal of Manpower, Emerald Group Publishing Limited, vol. 24(7), pages 750-773, November.
    5. Yubilianto, 2020. "Return to education and financial value of investment in higher education in Indonesia," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-28, December.
    6. Janzen, Katrin & Panitz, Robert & Glückler, Johannes, 2022. "Education premium and the compound impact of universities on their regional economy," Research Policy, Elsevier, vol. 51(1).
    7. Samad Sarminah, 2020. "Achieving innovative firm performance through human capital and the effect of social capital," Management & Marketing, Sciendo, vol. 15(2), pages 326-344, June.
    8. Alessa K. Durst, 2021. "Education as a Positional Good? Evidence from the German Socio-Economic Panel," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(2), pages 745-767, June.
    9. Dohmen, Thomas J., 2004. "Performance, seniority, and wages: formal salary systems and individual earnings profiles," Labour Economics, Elsevier, vol. 11(6), pages 741-763, December.
    10. Napari, Sami, 2006. "The early career gender wage gap," LSE Research Online Documents on Economics 19844, London School of Economics and Political Science, LSE Library.
    11. Henderson, Daniel & Russell, Robert, 2001. "Human Capital and Macroeconomic Convergence: A Production-Frontier Approach," Efficiency Series Papers 2001/07, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    12. Adely, Fida Issa J. & Mitra, Ankushi & Mohamed, Menatalla & Shaham, Adam, 2021. "Poor education, unemployment and the promise of skills: The hegemony of the “skills mismatch” discourse," International Journal of Educational Development, Elsevier, vol. 82(C).
    13. Wößmann, Ludger, 2000. "Specifying Human Capital: A Review, Some Extensions, and Development Effects," Kiel Working Papers 1007, Kiel Institute for the World Economy.
    14. Robert Clark & Melinda Morrill, 2013. "Increasing Work Life: The Role Of The Employer," Discussion Papers 13-016, Stanford Institute for Economic Policy Research.
    15. Checchi, Daniele, 2001. "Education, inequality and income inequality," LSE Research Online Documents on Economics 6566, London School of Economics and Political Science, LSE Library.
    16. Marta Martínez-Matute & Ernesto Villanueva, 2023. "Task specialization and cognitive skills: evidence from PIAAC and IALS," Review of Economics of the Household, Springer, vol. 21(1), pages 59-93, March.
    17. Ingrid Linsley, 2005. "Causes of Overeducation in the Australian Labour Market," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 8(2), pages 121-143, June.
    18. Christiansen, Charlotte & Joensen, Juanna Schroter & Nielsen, Helena Skyt, 2007. "The risk-return trade-off in human capital investment," Labour Economics, Elsevier, vol. 14(6), pages 971-986, December.
    19. Cyprian Amutabi & Anthony Wambugu, 2020. "Determinants of labor productivity among SMEs and large‐sized private service firms in Kenya," African Development Review, African Development Bank, vol. 32(4), pages 591-604, December.
    20. Dyah S. Pritadrajati & Anggita C. M. Kusuma & Sweta C. Saxena, 2020. "A Non-Healing Wound: Lasting Consequences Of Unemployment And Informal Self-Employment: An Empirical Evidence From Indonesia," Working Papers WP/09/2020, Bank Indonesia.
    21. Valérie Canals & Claude Diebolt & Magali Jaoul-Grammare, 2015. "Education, productivité et gain. Retour sur les approches critiques de l’enchaînement causal de la théorie du capital humain," Working Papers of BETA 2015-22, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ausman:v:32:y:2007:i:1:p:29-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.agsm.edu.au .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.