Academic Shared Governance and Performance: Theoretical Issues and Empirical Evidences

Giacomo Degli Antoni, Magalì Fia, Lorenzo Sacconi (2019), ACADEMIC SHARED GOVERNANCE AND PERFORMANCE: THEORETICAL ISSUES AND EMPIRICAL EVIDENCES, EconomEtica working paper series, n. 69, August 2019

42 Pages Posted: 14 Nov 2019

See all articles by Giacomo Degli Antoni

Giacomo Degli Antoni

University of Parma - Faculty of Law

Magali Fia

Lorenzo Sacconi

Department of public and sovra-national law, University of Milan ; University of Trento - Department of Economics and Management

Date Written: August 1, 2019

Abstract

In the debate surrounding various reforms in higher education systems, performance, along with how universities should be governed, have been main issues. We argue that the demand for shared governance, i.e., faculty participation in decision‐making vs. concentrated or top‐down decision‐ making, is driven by the characteristics of academic transactions. Especially in universities, shared governance prevents that the unilateral allocation of authority paves the way to the abuse of authority, which would depress incentives to undertake optimal idiosyncratic investments in human cognitive resources, or prevent cooperation in a context characterized by contractual incompleteness and transactions involving multiple specific investments and coessential resources. To empirically analyze our hypothesis, we collect original survey data of Italian universities in 2015. We find that shared decision‐making processes are correlated with better performance.

Keywords: universities; shared governance;new public management; performance; theory of the firm; economics of institutions

Suggested Citation

Degli Antoni, Giacomo and Fia, Magali and Sacconi, Lorenzo, Academic Shared Governance and Performance: Theoretical Issues and Empirical Evidences (August 1, 2019). Giacomo Degli Antoni, Magalì Fia, Lorenzo Sacconi (2019), ACADEMIC SHARED GOVERNANCE AND PERFORMANCE: THEORETICAL ISSUES AND EMPIRICAL EVIDENCES, EconomEtica working paper series, n. 69, August 2019. Available at SSRN: https://ssrn.com/abstract=3204765 or http://dx.doi.org/10.2139/ssrn.3204765

Giacomo Degli Antoni

University of Parma - Faculty of Law ( email )

Via Universita 12,
Parma, 43100
Italy

Lorenzo Sacconi

Department of public and sovra-national law, University of Milan ( email )

Via Festa del Perdono 7
Milan

University of Trento - Department of Economics and Management ( email )

via Inama 5
I-38100 Trento
Italy

No contact information is available for Magali Fia

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