UK Vice Chancellor compensation: Do they get what they deserve?
| dc.contributor.author | Lucey, Brian | |
| dc.contributor.author | Urquhart, Andrew | |
| dc.contributor.author | Zhang, Hanxiong | |
| dc.date.accessioned | 2024-05-30T06:38:01Z | |
| dc.date.available | 2024-05-30T06:38:01Z | |
| dc.date.issued | 2022-07 | |
| dc.description | Is it reasonable to treat Vice-Chancellors (VCs) as “just another Chief Executive Officer (CEO)?” If that is the case, and we argue here that this is so, then we should be able to interrogate their pay and conditions in a manner similar to that of corporate CEO's. Consequently, better performing and qualified VCs should receive higher compensation compared to their peers. In this paper, we examine whether VCs are under- or over-compensated through a proposed model as well as through a LASSO model and show that, on average, VCs are not overcompensated in terms of their base compensation and total compensation, however there is some discrepancies when we study the benefits and pension contributions of VCs. | |
| dc.description.abstract | The compensation received by UK Vice Chancellors (VCs) has been on an upward trend in recent years and attracted a lot of negative media attention. In this paper, we examine whether VCs receive the compensation they deserve. Using a panel dataset covering the academic years 2007/2008 to 2018/2019, we develop a model to predict expected VC compensation to determine whether VCs are over- or undercompensated. Our model finds that VCs are not overcompensated regarding their base salary, but some are overcompensated in terms of their benefits and pension contributions. However, there is very little difference in terms of characteristics of over- and undercompensated VCs, indicating that on average, UK VCs receive the compensation they deserve. For robustness purposes, we employ a variety of alternative model specifications and subsamples which all support our previous findings. Keywords: Vice-chancellors, Compensation, Pay gap, Performance | |
| dc.identifier.citation | Lucey, B., Urquhart, A., & Zhang, H. (2022). UK Vice Chancellor compensation: Do they get what they deserve?. The British Accounting Review, 54(4), 101108. | |
| dc.identifier.doi | https://doi.org/10.1016/j.bar.2022.101108 | |
| dc.identifier.uri | https://dspace.adu.ac.ae/handle/1/5519 | |
| dc.language.iso | en | |
| dc.publisher | Science Direct | |
| dc.title | UK Vice Chancellor compensation: Do they get what they deserve? | |
| dc.type | Article |