Evidence of Faculty Salary Differences Across Business Disciplines and Employment Contracting Systems

Using sample data from two accredited business school in the Florida State University System, one non-tenure granting and one tenure granting, and regression analysis, this paper explores variation in faculty salary levels across business disciplines. The results indicate (1) that accounting and finance professors earn more than management professors, thus receiving a salary premium in the market, (2) that marketing and information systems/operations management faculty earn no significantly different salaries than management professors, and (3) that economics professors earn less than management professors and thus receive a discount in the market. The results also indicate that rank, administrative duties, years in the profession, and research productivity are significant determinants of the salaries of business professors, but that salaries in this sample are unrelated to gender and race. The findings also provide evidence of salary inversion, with assistant professors receiving larger salaries than associate professors. The unique results of this study are that salary discounts and premiums by discipline are similar at both non-tenure granting and tenure granting universities.

Opinion about Market Efficiency among Finance Professors in India

In this paper, opinion of finance professors about market efficiency is identified in India. A questionnaire survey was distributed to more than 250 finance professors in India which was responded by 112 of them. The main finding of the survey was that most professors do not believe that markets are efficient in any form. They find that information at every level i.e. past, present and future (insider) is useful and can be used for profit making. The study is important because a finance professor is considered a specialist and they are the ones who will teach this to their students in theory as well as in practice.

Teaching And Research Interests In Real Estate

This paper presents the findings of an investigation aimed at determining teaching and research interests of U.S. finance faculty regarding the academic discipline of real estate. The paper focuses on two groups of finance faculty from six academic years spanning the 1994-2005 period. While one group consists of an exhaustive roster of titled professors of finance as per the Hasselback directories, the other consists of randomly selected samples of finance educators from over 800 U.S. colleges and universities. On average, about 1 in 14 titled professors and 1 and 13 randomly selected finance professors had noted real estate as an area of teaching interest. Approximately 5 percent of all reported teaching interests were in real estate for both groups of faculty. The study also reveals that about 1 in 11 titled professors and 1 in 12 sampled faculty had an interest in conducting research in the real estate field. Among the randomly selected finance faculty who wanted to teach or perform research in real estate, less than 20 percent were assistant professors, 30 percent were associate professors and more than 40 percent were full professors.