Research Governance in Academia: Are There Alternatives to Academic Rankings?
IEW Working Paper No. 423
55 Pages Posted: 25 Aug 2009
Date Written: October 1, 2009
Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective. As scholarly research is a mainly curiosity driven endeavor, we include intrinsic motivation and supportive feedback by the peers as important determinants of scholarly behavior. We discuss whether a stronger emphasis on selection and socialization offers an alternative to the present regime of academic rankings.
Keywords: peer reviews, rankings, research governance, agency theory, psychological economics, new public management, economics of science, control theory
JEL Classification: O30, O39
Suggested Citation: Suggested Citation