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

doi:10.1080/00036840600994278

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 journal › Article › peer-review

12 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.

Original language	English
Pages (from-to)	249-267
Journal	Applied Economics
Volume	41
Issue number	2
DOIs	https://doi.org/10.1080/00036840600994278
Publication status	Published (in print/issue) - Jan 2009

Keywords

Efficiency
best-practice-benchmarking
higher education.

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10.1080/00036840600994278

Cite this

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

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{\textquoteright}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.",

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AU - Stringer, Karl S.

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N2 - 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.

AB - 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.

KW - Efficiency

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

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Keywords

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