WHY SOCRATES SHOULD BE IN THE BOARDROOM IN RESEARCH UNIVERSITIES

There is an extensive literature on the productivity of universities. Little is known, however, about how different types of leaders affect a university’s performance. To address this question, this paper blends quantitative and qualitative evidence. First, I establish that the best universities in the world are led by respected scholars. Next, by constructing a new longitudinal dataset, I show that the research quality of a university improves some years after it appoints a president (or vice chancellor) who is an accomplished researcher. To try to explain why scholar-leaders might improve the research performance of their institutions, I draw from interview data with twenty-six university heads in the United States and United Kingdom. These findings have policy implications for governments, universities, and a range of research and knowledge-intensive organizations.