Does Vice-Chancellor power determine UK University efficiency performance?

References

• Abramo, Giovanni, Tindaro Cicero, Ciriaco Andrea, and D. Angelo. 2011. “A Field-Standardized Application of DEA to National-Scale Research Assessment of Universities.” Journal of Informetrics 5 (4): 618–28. https://doi.org/10.1016/j.joi.2011.06.001.
   Web of Science ®Google Scholar
• Adams, Renée B., Heitor Almeida, and Daniel Ferreira. 2005. “Powerful CEOs and Their Impact on Corporate Performance.” Review of Financial Studies 18 (4): 1403–32. https://doi.org/10.1093/rfs/hhi030.
   Web of Science ®Google Scholar
• Agasisti, Tommaso, Cristian Barra, and Roberto Zotti. 2016. “Evaluating the Efficiency of Italian Public Universities (2008–2011) in Presence of (Unobserved) Heterogeneity.” Socio-Economic Planning Sciences 55 (C): 47–58. https://doi.org/10.1016/j.seps.2016.06.002.
   Google Scholar
• Amedu, Samson, and Victor Dulewicz. 2018. “The Relationship Between CEO Personal Power, CEO Competencies, and Company Performance.” Journal of General Management 43 (4): 188–98. https://doi.org/10.1177/0306307018762699.
   Web of Science ®Google Scholar
• Arellano, Manuel, and Stephen Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” The Review of Economic Studies 58 (2): 277–97. https://doi.org/10.2307/2297968.
   Web of Science ®Google Scholar
• Baysinger, Barry, and Robert E. Hoskisson. 1989. “Diversification Strategy and R&D Intensity in Multiproduct Firms.” Academy of Management Journal 32 (2): 310–32. https://doi.org/10.2307/256364.
   Web of Science ®Google Scholar
• Berbegal-Mirabent, Jasmina, Esteban Lafuente, and Francesc Solé. 2013. “The Pursuit of Knowledge Transfer Activities: An Efficiency Analysis of Spanish Universities.” Journal of Business Research 66 (10): 2051–9. https://doi.org/10.1016/j.jbusres.2013.02.031.
   Web of Science ®Google Scholar
• Blundell, Richard, and Stephen Bond. 1998. “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.” Journal of Econometrics 87 (1): 115–43. https://doi.org/10.1016/S0304-4076(98)00009-8.
   Web of Science ®Google Scholar
• Boden, Rebecca, and Julie Rowlands. 2022. “Paying the Piper: The Governance of Vice-Chancellors’ Remuneration in Australian and UK Universities.” Higher Education Research & Development 41 (2): 254–68. https://doi.org/10.1080/07294360.2020.1841741.
   Web of Science ®Google Scholar
• Brown, Roger, and Helen Carasso. 2013. Everything for Sale? The Marketisation of UK Higher Education. London/New York: Routledge.
   Google Scholar
• Bugeja, Martin, Brett Govendir, Zoltan Matolcsy, and Greg Pazmandy. 2021. “Is There an Association Between Vice-Chancellors’ Compensation and External Performance Measures?” Accounting & Finance 61 (1): 689–726. https://doi.org/10.1111/acfi.12590.
   Web of Science ®Google Scholar
• Cannella, Bert, Sydney Finkelstein, and Donald C. Hambrick. 2008. Strategic Leadership: Theory and Research on Executives, Top Management Teams, and Boards. New York: Oxford University Press.
   Google Scholar
• Cannella, Albert A., and Martin J. Monroe. 1997. “Contrasting Perspectives on Strategic Leaders: Toward a More Realistic View of Top Managers.” Journal of Management 23 (3): 213–37. https://doi.org/10.1177/014920639702300302.
   Web of Science ®Google Scholar
• Clarke, John, and Janet Newman. 2017. “‘People in This Country Have Had Enough of Experts’: Brexit and the Paradoxes of Populism.” Critical Policy Studies 11 (1): 101–16. https://doi.org/10.1080/19460171.2017.1282376.
   Web of Science ®Google Scholar
• Deem, Rosemary. 2001. “Globalisation, New Managerialism, Academic Capitalism and Entrepreneurialism in Universities: Is the Local Dimension Still Important?” Comparative Education 37 (1): 7–20. https://doi.org/10.1080/03050060020020408.
   Web of Science ®Google Scholar
• Deem, Rosemary, and Kevin J. Brehony. 2005. “Management as Ideology: The Case of ‘New Managerialism’ in Higher Education.” Oxford Review of Education 31 (2): 217–35. https://doi.org/10.1080/03054980500117827.
   Web of Science ®Google Scholar
• Deem, Rosemary, Sam Hillyard, and Michael Reed. 2007. Knowledge, Higher Education, and the New Managerialism: The Changing Management of UK Universities. New York: Oxford University Press.
   Google Scholar
• Dewett, Todd. 2004. “Creativity and Strategic Management.” Journal of Managerial Psychology 19 (2): 156–69. https://doi.org/10.1108/02683940410526118.
   Google Scholar
• Dolton, Peter, Ada Ma, James Wright, Andrew Hamnett, Ron Cooke, Colin Campbell, and Geoff Whitty. 2003. “CEO Pay in the Public Sector: The Case of Vice-Chancellors in UK Universities.” https://www.researchgate.net/publication/228686409_CEO_pay_in_the_public_sector_The_case_of_vice_chancellors_in_UK_universities.
   Google Scholar
• Donaldson, Lex, and James H. Davis. 1991. “Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns.” Australian Journal of Management 16 (1): 49–64. https://doi.org/10.1177/031289629101600103.
   Google Scholar
• Elmagrhi, Mohamed H., and Collins G. Ntim. 2022. “Vice-Chancellor Pay and Performance: The Moderating Effect of Vice-Chancellor Characteristics.” Work, Employment and Society 095001702211113. https://doi.org/10.1177/09500170221111366.
   Web of Science ®Google Scholar
• Erickson, Mark, Paul Hanna, and Carl Walker. 2021. “The UK Higher Education Senior Management Survey: A Statactivist Response to Managerialist Governance.” Studies in Higher Education 46 (11): 2134–51. https://doi.org/10.1080/03075079.2020.1712693.
   Web of Science ®Google Scholar
• Finkelstein, Sydney. 1992. “Power in Top Management Teams: Dimensions, Measurement, and Validation.” Academy of Management Journal 35 (3): 505–38. https://doi.org/10.2307/256485.
   PubMed Web of Science ®Google Scholar
• Finkelstein, Sydney, and Richard A. D’aveni. 1994. “CEO Duality as a Double-Edged Sword: How Boards of Directors Balance Entrenchment Avoidance and Unity of Command.” Academy of Management Journal 37 (5): 1079–108. https://doi.org/10.2307/256667.
   Web of Science ®Google Scholar
• Fizel, John L., and Michael P. D’Itri. 1997. “Managerial Efficiency, Managerial Succession and Organizational Performance.” Managerial and Decision Economics 18 (4): 295–308. https://doi.org/10.1002/(SICI)1099-1468(199706)18:4%3C295::AID-MDE828%3E3.0.CO;2-W.
   Google Scholar
• Giannakis, Mihalis, and Nicola Bullivant. 2016. “The Massification of Higher Education in the UK: Aspects of Service Quality.” Journal of Further and Higher Education 40 (5): 630–48. https://doi.org/10.1080/0309877X.2014.1000280.
   Web of Science ®Google Scholar
• Gujarati, Damodar N. 2003. Basic Econometrics. London/New York: McGraw-Hill.
   Google Scholar
• Gupta, Vishal K., Seonghee Han, Vikram Nanda, and Sabatino (Dino) Silveri. 2016. “When Crisis Knocks, Call a Powerful CEO (or Not): Investigating the Contingent Link Between CEO Power and Firm Performance During Industry Turmoil.” Group & Organization Management 43 (6): 971–98. https://doi.org/10.1177/1059601116671603.
   Web of Science ®Google Scholar
• Hackman, Judith Dozier. 1985. “Power and Centrality in the Allocation of Resources in Colleges and Universities.” Administrative Science Quarterly 30 (1): 61. https://doi.org/10.2307/2392812.
   Web of Science ®Google Scholar
• Hambrick, Donald C. 2007. “Upper Echelons Theory: An Update.” Academy of Management Review 32 (2): 334–43. https://doi.org/10.5465/amr.2007.24345254
   Web of Science ®Google Scholar
• Hambrick, Donald C., and Phyllis A. Mason. 1984. “Upper Echelons: The Organization as a Reflection of Its Top Managers.” The Academy of Management Review 9 (2): 193–206. https://doi.org/10.2307/258434
   Web of Science ®Google Scholar
• Han, Seonghee, Vikram K. Nanda, and Sabatino Dino Silveri. 2016. “CEO Power and Firm Performance Under Pressure.” Financial Management 45 (2): 369–400. https://doi.org/10.1111/fima.12127.
   Web of Science ®Google Scholar
• Harjoto, Maretno A., and Hoje Jo. 2009. “CEO Power and Firm Performance: A Test of the Life-Cycle Theory*.” Asia-Pacific Journal of Financial Studies 38 (1): 35–66. https://doi.org/10.1111/j.2041-6156.2009.tb00007.x.
   Web of Science ®Google Scholar
• Harris, Dawn, and Constance E. Helfat. 1998. “CEO Duality, Succession, Capabilities and Agency Theory: Commentary and Research Agenda.” Strategic Management Journal 19 (9): 901–4. https://doi.org/10.1002/(SICI)1097-0266(199809)19:9%3C901::AID-SMJ2%3E3.0.CO;2-V.
   Web of Science ®Google Scholar
• Hazelkorn, Ellen. 2007. “The Impact of League Tables and Ranking Systems on Higher Education Decision Making.” Higher Education Management and Policy 19 (2): 1–24. https://doi.org/10.1787/hemp-v19-art12-en.
   Google Scholar
• Helfat, Constance E., and Jeffrey A. Martin. 2015. “Dynamic Managerial Capabilities.” Journal of Management 41 (5): 1281–312. https://doi.org/10.1177/0149206314561301.
   Web of Science ®Google Scholar
• Hillman, Nick. 2022. Digging In? The Changing Tenure of UK Vice-Chancellors. HEPI Policy Note 34. Oxford: ERIC.
   Google Scholar
• Hodgkinson, Gerard P, and Paul Sparrow. 2002. The Competent Organization: A Psychological Analysis of the Strategic Management Process. Buckingham: Open University Press.
   Google Scholar
• Hood, Christopher. 1991. “A Public Management for All Seasons.” Public Administration 69 (1): 3–19. https://doi.org/10.1111/j.1467-9299.1991.tb00779.x.
   Web of Science ®Google Scholar
• Hood, Christopher. 1995. “The “New Public Management” in the 1980s: Variations on a Theme” Accounting, Organizations and Society 20 (2-3): 93–109. https://doi.org/10.1016/0361-3682(93)E0001-W.
   Web of Science ®Google Scholar
• Hutaibat, Khaled, Zaidoon Alhatabat, Larissa von Alberti-Alhtaybat, and Khaldoon Al-Htaybat. 2021. “Performance Habitus: Performance Management and Measurement in UK Higher Education.” Measuring Business Excellence 25 (2): 171–88. https://doi.org/10.1108/MBE-08-2019-0084.
   Web of Science ®Google Scholar
• Johnes, Jill. 2006. “Data Envelopment Analysis and Its Application to the Measurement of Efficiency in Higher Education.” Economics of Education Review 25 (3): 273–88. https://doi.org/10.1016/j.econedurev.2005.02.005.
   Web of Science ®Google Scholar
• Johnes, Jill, Maria Portela, and Emmanuel Thanassoulis. 2017. “Efficiency in Education.” Journal of the Operational Research Society 68 (4): 331–8. https://doi.org/10.1057/s41274-016-0109-z.
   Web of Science ®Google Scholar
• Johnes, Jill, and Swati Virmani. 2020. “Chief Executive Pay in UK Higher Education: The Role of University Performance.” Annals of Operations Research 288 (2): 547–76. https://doi.org/10.1007/s10479-019-03275-2.
   Web of Science ®Google Scholar
• Kakabadse, Andrew, F. Morais, A. Myers, and G. Brown. 2020. Universities Governance: A Risk of Imminent Collapse. Reading: Henley Business School.
   Google Scholar
• Kaplan, Steven N., Mark M. Klebanov, and Morten Sorensen. 2012. “Which CEO Characteristics and Abilities Matter?” The Journal of Finance 67 (3): 973–1007. https://doi.org/10.1111/j.1540-6261.2012.01739.x.
   Web of Science ®Google Scholar
• Khoo, Shee-Yee, Pietro Perotti, Thanos Verousis, and Richard Watermeyer. 2022. “Vice-Chancellor Narcissism and University Performance.” SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4220887.
   Google Scholar
• Laureti, Tiziana, Luca Secondi, and Luigi Biggeri. 2014. “Measuring the Efficiency of Teaching Activities in Italian Universities: An Information Theoretic Approach.” Economics of Education Review 42 (October): 147–64. https://doi.org/10.1016/j.econedurev.2014.07.001.
   Google Scholar
• Lee, Boon L., and Andrew C. Worthington. 2016. “A Network DEA Quantity and Quality-Orientated Production Model: An Application to Australian University Research Services.” Omega 60 (April): 26–33. https://doi.org/10.1016/j.omega.2015.05.014.
   Google Scholar
• Liu, Lu, Xi Hong, Wen Wen, Zheping Xie, and Hamish Coates. 2020. “Global University President Leadership Characteristics and Dynamics.” Studies in Higher Education 45 (10): 2036–44. https://doi.org/10.1080/03075079.2020.1823639.
   Web of Science ®Google Scholar
• Lucey, Brian, Andrew Urquhart, and Hanxiong Zhang. 2022. “UK Vice-Chancellor Compensation: Do They Get What They Deserve?” The British Accounting Review 54 (4): 101108. https://doi.org/10.1016/j.bar.2022.101108.
   Web of Science ®Google Scholar
• Luo, Xueming, Vamsi K. Kanuri, and Michelle Andrews. 2014. “How Does CEO Tenure Matter? The Mediating Role of Firm-Employee and Firm-Customer Relationships.” Strategic Management Journal 35 (4): 492–511. https://doi.org/10.1002/smj.2112.
   Web of Science ®Google Scholar
• Lyons, Kristen, and Richard Hil. 2018. “Vice-Chancellors’ Salaries Are Just a Symptom of What’s Wrong with Universities.” The Conversation. https://theconversation.com/vice-chancellors-salaries-are-just-a-symptom-of-whats-wrong-with-universities-90999.
   Google Scholar
• Manner, Mikko H. 2010. “The Impact of CEO Characteristics on Corporate Social Performance.” Journal of Business Ethics 93 (S1): 53–72. https://doi.org/10.1007/s10551-010-0626-7.
   Google Scholar
• Marginson, Simon. 2004. “Competition and Markets in Higher Education: A ‘Glonacal’ Analysis.” Policy Futures in Education 2 (2): 175–244. https://doi.org/10.2304/pfie.2004.2.2.2.
   Google Scholar
• Melo, Ana Isabel, Cláudia S. Sarrico, and Zoe Radnor. 2010. “The Influence of Performance Management Systems on Key Actors in Universities.” Public Management Review 12 (2): 233–54. https://doi.org/10.1080/14719031003616479.
   Web of Science ®Google Scholar
• Menz, Markus. 2012. “Functional Top Management Team Members.” Journal of Management 38 (1): 45–80. https://doi.org/10.1177/0149206311421830.
   Web of Science ®Google Scholar
• Miller, Danny, and Jamal Shamsie. 2001. “Learning Across the Life Cycle: Experimentation and Performance among the Hollywood Studio Heads.” Strategic Management Journal 22 (8): 725–45. https://doi.org/10.1002/smj.171.
   Web of Science ®Google Scholar
• Mok, Ka Ho, and Deane Neubauer. 2016. “Higher Education Governance in Crisis: A Critical Reflection on the Massification of Higher Education, Graduate Employment and Social Mobility.” Journal of Education and Work 29 (1): 1–12. https://doi.org/10.1080/13639080.2015.1049023.
   Web of Science ®Google Scholar
• Molesworth, Mike, Richard Scullion, and Elizabeth Nixon. 2010. The Marketisation of Higher Education. New York: Routledge.
   Google Scholar
• Naidoo, Rajani, and Joanna Williams. 2015. “The Neoliberal Regime in English Higher Education: Charters, Consumers and the Erosion of the Public Good.” Critical Studies in Education 56 (2): 208–23. https://doi.org/10.1080/17508487.2014.939098.
   Web of Science ®Google Scholar
• Neely, Brett H., Jeffrey B. Lovelace, Amanda P. Cowen, and Nathan J. Hiller. 2020. “Metacritiques of Upper Echelons Theory: Verdicts and Recommendations for Future Research.” Journal of Management 46 (6): 1029. https://doi.org/10.1177/0149206320908640.
   Web of Science ®Google Scholar
• Newton, David, Dimitrios Gounopoulos, Georgios Loukopoulos, and Victoria Patsika. 2019. “Chief Academic Officers’ Compensation and Universities’ Performance.” https://www.researchgate.net/publication/331572087_Chief_Academic_Officers'_Compensation_and_Universities'_Performance.
   Google Scholar
• Parry, Gareth, and Anne Thompson. 2002. Closer by Degrees: The Past, Present and Future of Higher Education in Further Education Colleges. London: Learning and Skills Development Agency.
   Google Scholar
• Pfeffer, Jeffrey. 1997. New Directions for Organization Theory: Problems and Prospects. Oxford: Oxford University Press.
   Google Scholar
• Pilonato, Silvia, and Patrizio Monfardini. 2020. “Performance Measurement Systems in Higher Education: How Levers of Control Reveal the Ambiguities of Reforms.” The British Accounting Review 52 (3): 100908. https://doi.org/10.1016/j.bar.2020.100908.
   Web of Science ®Google Scholar
• Pitcher, Patricia, and Anne D. Smith. 2001. “Top Management Team Heterogeneity: Personality, Power, and Proxies.” Organization Science 12 (1): 1–18. https://doi.org/10.1287/orsc.12.1.1.10120.
   Web of Science ®Google Scholar
• Pollitt, Christopher, and Geert Bouckaert. 2017. Public Management Reform: A Comparative Analysis-Into the Age of Austerity. Oxford: Oxford University Press.
   Google Scholar
• Rabovsky, Thomas, and Amanda Rutherford. 2016. “The Politics of Higher Education: University President Ideology and External Networking.” Public Administration Review 76 (5): 764–77. https://doi.org/10.1111/puar.12529.
   Web of Science ®Google Scholar
• Roodman, David. 2009. “A Note on the Theme of Too Many Instruments.” Oxford Bulletin of Economics and Statistics 71 (1): 135–58. https://doi.org/10.1111/j.1468-0084.2008.00542.x.
   Web of Science ®Google Scholar
• Ruiz, José Rafael, José L. Segura, and Inmaculada Sirvent. 2015. “Benchmarking and Target Setting with Expert Preferences: An Application to the Evaluation of Educational Performance of Spanish Universities.” European Journal of Operational Research 242 (2): 594–605. https://doi.org/10.1016/j.ejor.2014.10.014.
   Web of Science ®Google Scholar
• Saidu, Sani. 2019. “CEO Characteristics and Firm Performance: Focus on Origin, Education and Ownership.” Journal of Global Entrepreneurship Research 9 (1). https://doi.org/10.1186/s40497-019-0153-7.
   Web of Science ®Google Scholar
• Scullion, R., M. Molesworth, and E. Nixon. 2011. The Marketisation of Higher Education and the Student as Consumer. Abingdon: Routledge.
   Google Scholar
• Shahab, Yasir, Collins G. Ntim, Yugang Chen, Farid Ullah, Hai-Xia Li, and Zhiwei Ye. 2020. “Chief Executive Officer Attributes, Sustainable Performance, Environmental Performance, and Environmental Reporting: New Insights from Upper Echelons Perspective.” Business Strategy and the Environment 29 (1): 1–16. https://doi.org/10.1002/bse.2345.
   Web of Science ®Google Scholar
• Simar, Léopold, and Paul W. Wilson. 1998. “Sensitivity Analysis of Efficiency Scores: How to Bootstrap in Nonparametric Frontier Models.” Management Science 44 (1): 49–61. https://doi.org/10.1287/mnsc.44.1.49.
   Web of Science ®Google Scholar
• Simar, Léopold, and Paul A Wilson. 2002. “Non-Parametric Tests of Returns to Scale.” European Journal of Operational Research 139 (1): 115–32. https://doi.org/10.1016/S0377-2217(01)00167-9.
   Web of Science ®Google Scholar
• Tarbert, Heather, Kaihong Tee, and Robert Watson. 2008. “The Legitimacy of Pay and Performance Comparisons: An Analysis of UK University Vice Chancellors Pay Awards” British Journal of Industrial Relations 46 (4): 771–805. https://doi.org/10.1111/j.1467-8543.2008.00689.x.
   Web of Science ®Google Scholar
• Tien, Chengli, Chien-Nan Chen, and Cheng-Min Chuang. 2013. “A Study of CEO Power, Pay Structure, and Firm Performance.” Journal of Management & Organization 19 (4): 424–53. https://doi.org/10.1017/jmo.2013.30.
   Web of Science ®Google Scholar
• Tomlinson, Michael. 2017. “Student Perceptions of Themselves as ‘Consumers’ of Higher Education.” British Journal of Sociology of Education 38 (4): 450–67. https://doi.org/10.1080/01425692.2015.1113856.
   Web of Science ®Google Scholar
• Witte, Kristof De, and Laura López-Torres. 2017. “Efficiency in Education: A Review of Literature and a Way Forward.” Journal of the Operational Research Society 68 (4): 339–63. https://doi.org/10.1057/jors.2015.92.
   Web of Science ®Google Scholar
• Wulf, Torsten, Stubner Stephan, Miksche Jutta, and Roleder Kati. 2010. Performance Over the CEO Lifecycle. Leipzig: Leipzig Graduate School of Management.
   Google Scholar
• Yaisawarng, Suthathip, and Ying Chu Ng. 2014. “The Impact of Higher Education Reform on Research Performance of Chinese Universities.” China Economic Review 31: 94–105. https://doi.org/10.1016/j.chieco.2014.08.006.
   Web of Science ®Google Scholar