Journal article 960 views 101 downloads
Vice-Chancellor Pay and Performance: The Moderating Effect of Vice-Chancellor Characteristics
,
Collins G Ntim
Work, Employment and Society, Volume: 38, Issue: 1, Pages: 095001702211113 - 34
Swansea University Author:
Mohamed Elmagrhi
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DOI (Published version): 10.1177/09500170221111366
Abstract
This paper investigates the association between UK higher education institutions (HEIs) long- and short-term performance measures, and the pay of vice-chancellors/principals (VCs) in an era of intense neoliberalism/financialisation of HEIs, and consequently ascertains the extent to which the VC pay–...
| Published in: | Work, Employment and Society |
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| ISSN: | 0950-0170 1469-8722 |
| Published: |
SAGE Publications
2024
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| Online Access: |
Check full text
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa60172 |
| Abstract: |
This paper investigates the association between UK higher education institutions (HEIs) long- and short-term performance measures, and the pay of vice-chancellors/principals (VCs) in an era of intense neoliberalism/financialisation of HEIs, and consequently ascertains the extent to which the VC pay–performance nexus is moderated by VC characteristics. Using a longitudinal sample of UK HEIs, our baseline findings suggest that HEIs that prioritise meeting long-term social performance targets tend to pay their VCs low pay packages, whilst HEIs that focus on achieving short-term reputational performance targets pay their VCs high pay packages. We show further that the VC pay–performance relationship is moderated/explained largely by VC characteristics. Our findings are robust to controlling for alternative governance mechanisms, endogeneities, alternative performance measures and different estimation techniques. Our findings offer empirical support for optimal contracting and prestige theories with significant implications for the sector. |
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| Keywords: |
Vice-Chancellor/Principal pay, Performance, Vice-Chancellor/Principal characteristics, Governance, Financialisation/Neoliberalism, HEIs, Prestige theory, UK |
| College: |
Faculty of Humanities and Social Sciences |
| Funders: |
The authors disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: We would like to acknowledge the Leadership Foundation for Higher Education (now part of Advance HE) (UK) for their generous support of this project through the Small Development Projects research funding stream. |
| Issue: |
1 |
| Start Page: |
095001702211113 |
| End Page: |
34 |