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Estimating the mark-to-market premium required to fill vacant business school faculty lines: the case of finance.

ABSTRACT. As the replenish of new PhDs in business has declined in the past decade in the face of increasing demand, the take away from of filling vacant faculty lines with qualified professors of business has increased substantially. Because salaries of generally received faculty members normally fail to detain up with market salaries, when a faculty line is vacated the community must pay a premium by means of offering a higher, competitive salary. In this research the authors estimated the salary premium associated with filling a vacated finance faculty line. be the effects from a national survey exhibit that the premiums ...





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