Tenure and asymmetric information: An analysis of an incentive institution for faculty development in research universities

Abstract

From the perspective of asymmetric information, a principal-agent model is used to put forward a new theoretical explanation for the validity and effectiveness of tenure. Furthermore, through an analysis of the conditions of implementing an effective tenure system, it is argued that such a system is more efficient in research universities. Based on the above conclusions, the paper also discusses the condition or time for the implementation of tenure in Chinese universities.

Keywords

tenure system / asymmetric information / research university / faculty development