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Benchmarking presidents’ compensations in institutions of higher education relative to sustainability and other institutional practices

Benchmarking presidents’ compensations in institutions of higher education relative to... PurposeThe purpose of this study is to investigate the strategic effects of academic institutional factors including environmental, social, and economic sustainability indices on the compensation of the president of an institution of higher education (hereafter referred to as IHE). The objective is to build relationships among variables to benchmark compensation measures for IHE presidents across U.S. universities to proliferate sustainability initiatives. Some of the variables of the study were environmental sustainability, social sustainability, cost efficiency as a measure of economic sustainability, tenure, institutional control of the university such as public or private, fundraising, reputation, endowment, and professor’s salary. Design/methodology/approach236 universities have been included in the study. The data for various dependent variables were studied to see the relationship between the independent and select dependent variables. The OLS Regression approach was used to ascertain the relationships between the president’s salary, and a selected set of independent variables that includes the measures of sustainability.FindingsThe key findings of this study is that variables such as environmental sustainability, tenure, classification, endowment, and professor salary were significantly and positively associated with the IHE president's salary. Research limitations/implicationsThe current study is limited to the IHEs within the U.S. Thus, the study cannot be generalized or extrapolated to other countries or contexts or cultures.Practical implicationsThe results of the study show that the trustees rarely use proliferation of sustainability as a criterion to compensate IHE Presidents. The study concludes with the plea to trustees to benchmark sustainability across IHEs in evaluating and compensating IHE Presidents. Originality/valueThis paper extends the compensation study of IHE Presidents to include environment, social, and economic dimensions of sustainability. These variables are important in this age where IHEs have been challenged to do more to make our planet sustainable. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Benchmarking: An International Journal Emerald Publishing

Benchmarking presidents’ compensations in institutions of higher education relative to sustainability and other institutional practices

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References (48)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1463-5771
DOI
10.1108/BIJ-03-2016-0034
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this study is to investigate the strategic effects of academic institutional factors including environmental, social, and economic sustainability indices on the compensation of the president of an institution of higher education (hereafter referred to as IHE). The objective is to build relationships among variables to benchmark compensation measures for IHE presidents across U.S. universities to proliferate sustainability initiatives. Some of the variables of the study were environmental sustainability, social sustainability, cost efficiency as a measure of economic sustainability, tenure, institutional control of the university such as public or private, fundraising, reputation, endowment, and professor’s salary. Design/methodology/approach236 universities have been included in the study. The data for various dependent variables were studied to see the relationship between the independent and select dependent variables. The OLS Regression approach was used to ascertain the relationships between the president’s salary, and a selected set of independent variables that includes the measures of sustainability.FindingsThe key findings of this study is that variables such as environmental sustainability, tenure, classification, endowment, and professor salary were significantly and positively associated with the IHE president's salary. Research limitations/implicationsThe current study is limited to the IHEs within the U.S. Thus, the study cannot be generalized or extrapolated to other countries or contexts or cultures.Practical implicationsThe results of the study show that the trustees rarely use proliferation of sustainability as a criterion to compensate IHE Presidents. The study concludes with the plea to trustees to benchmark sustainability across IHEs in evaluating and compensating IHE Presidents. Originality/valueThis paper extends the compensation study of IHE Presidents to include environment, social, and economic dimensions of sustainability. These variables are important in this age where IHEs have been challenged to do more to make our planet sustainable.

Journal

Benchmarking: An International JournalEmerald Publishing

Published: Aug 1, 2016

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