The Market For Australian Vice-Chancellors

Lisa H. C. Soh
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Lisa H. C. Soh: Executive, Corporate Finance & Equity Capital Markets, Allco Finance Group, 1204/1 Hosking Place, Sydney NSW 2000.

Australian Journal of Management, 2007, vol. 32, issue 1, 29-55

Abstract: Are Vice-Chancellors and CEOs remunerated on the same basis? We analyse data from university annual reports on Vice Chancellors' remuneration over 1995–2002 and test whether there is alignment between the market for Vice-Chancellors and CEOs in Australia by investigating the relationship between remuneration and size between universities and companies. We find that the responsiveness of pay to institution size is dissimilar, with Vice-Chancellors receiving on average about 56% less than CEOs. We also compare the demographic profile of Vice-Chancellors against CEOs, showing that relative to CEOs, Vice-Chancellors are appointed later in life but do not have shorter tenures.

Keywords: CHIEF EXECUTIVE OFFICERS; VICE-CHANCELLORS; REMUNERATION (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:32:y:2007:i:1:p:29-55

DOI: 10.1177/031289620703200103

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