The Number of Graduates from U.S. Accounting Doctoral Programs: The Association with Faculty Attributes and Institutional Reputation
Posted: 7 Jan 2008
Date Written: December 21, 2007
The supply of accounting doctoral graduates has been decreasing at the same time the demand for accounting doctoral faculty has been increasing. This situation has economic consequences that are likely to affect the accounting profession as a whole and may have adverse spillover effects on accounting education. We empirically examine the productivity of U.S. business schools in terms of the quantity of accounting doctoral graduates. Using a sample of 358 institution-year observations for 91 U.S. doctoral-granting institutions, we identify 20 variables that we conjecture to be associated with the number of U.S. accounting doctoral graduates. We find that three main factors (faculty composition, faculty qualifications, and institutional reputation) explain 47.15 percent of the cross-sectional variation using exploratory factor analysis. The results suggest that there is a positive and significant relation between the identified factors and the number of U.S. accounting doctoral graduates. As a sensitivity check, our results are supported by the use of alternate regression models and robust regression.
Keywords: Accounting doctoral graduates, faculty qualifications, faculty composition, institutional reputation
JEL Classification: M40, A23
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