Best-practice benchmarking in UK higher education: new nonparametric approaches using financial ratios and profit efficiency methodologies

J. Colin Glass, Gillian McCallion, Donal G. McKillop, Syamarlah Rasaratnam, Karl S. Stringer

    Research output: Contribution to journalArticle

    11 Citations (Scopus)

    Abstract

    The neglected issue of using profit efficiency for the best-practicebenchmarking of UK universities is explored to see whether this supportsthe policy stance of encouraging more specialized university production.The article also investigates whether nonparametric modelling withfinancial ratios, in contrast to nonparametric modelling based on theprices and quantities of each university’s inputs and outputs, can yieldready insights into this profit efficiency issue. The empirical results, usingtwo new approaches, confirm that more specialized university productionyields relatively higher performance on average than less specializedproduction. The results also highlight certain advantages of financial ratios modelling.
    LanguageEnglish
    Pages249-267
    JournalApplied Economics
    Volume41
    Issue number2
    DOIs
    Publication statusPublished - Jan 2009

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    Best practice
    Profit efficiency
    Financial ratios
    Benchmarking
    Methodology
    Modeling
    High performance
    Empirical results

    Keywords

    • Efficiency
    • best-practice-benchmarking
    • higher education.

    Cite this

    Glass, J. Colin ; McCallion, Gillian ; McKillop, Donal G. ; Rasaratnam, Syamarlah ; Stringer, Karl S. / Best-practice benchmarking in UK higher education: new nonparametric approaches using financial ratios and profit efficiency methodologies. In: Applied Economics. 2009 ; Vol. 41, No. 2. pp. 249-267.
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    Best-practice benchmarking in UK higher education: new nonparametric approaches using financial ratios and profit efficiency methodologies. / Glass, J. Colin; McCallion, Gillian; McKillop, Donal G.; Rasaratnam, Syamarlah; Stringer, Karl S.

    In: Applied Economics, Vol. 41, No. 2, 01.2009, p. 249-267.

    Research output: Contribution to journalArticle

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