Measuring Research Performance in Business and Management Studies in the United Kingdom: The 1992 Research Assessment Exercise*

SUMMARY This paper presents the results of a statistical analysis of the 1992 Research Assessment Exercise (RAE92) for the 85 business and management departments in UK institutions of higher education. The aims of the paper are, first, to construct a set of quantitative indicators of research outputs and inputs which can be used by individual departments for comparative purposes and second, to investigate the extent to which variations between departments in the research rating obtained in the RAE92 can be explained by these indicators of research outputs and inputs. One of the main findings is that around 80 per cent of the variation in the research rating obtained by business and management departments are accurately predicted by a regression model that contains only a small number of regressors. These include: size of department, articles in refereed academic journals, research students and research income.