Through its system of allocation of research funding (expressed in full time equivalents) the Faculty of Economics and Business Administration seeks to emphasise quality. This policy has proven effective, as over the years an increasing number of researchers acceded to publishers and journals of international standard.
The faculty also strives after transparency through objective rules and a clear classification system that acknowledges the various fields covered by the faculty's research. Both book and journal contributions are appreciated provided that they are based on research. To enable easy access to research funding for junior staff, dissertations are classified as B.
The allocation of research funding
The research funding is meant for members of the scientific staff with an appointment on the account of the university ("eerste geldstroom") or on a structural externally funded position. PhD students and post-docs are not entitled to research funding, other than the funding agreed upon at the start of their contract.
Entitlements to research funding are expressed in percentages of full time equivalents. A maximum of 60 per cent can be allocated. The percentage obtained ought to be multiplied with the employment factor (wtf) and reduced by possible budget cuts, to arrive at the number of working hours to be dedicated to research.
Until January, 1 2005, Assistant professors (UD) who did not yet defended their PhD and whose manuscript drawn near completion were able to request an allowance of 20% maximum to be dedicated to the writing of their thesis. The allowance were granted for the period of one year, to be extended twice (at the most) for six months following a written request and a progress report.
On January, 1 2005 a tenure track system has been introduced. This system will guarantee new members of staff a minimum of hours to be dedicated to research.
In order to increase the quality of the scientific staff of FEWEB and to further the career possibilities of young talented scientists within our faculty, young scientists will get the opportunity to spend 0,4 fte of their full-time position to do research during a period of 5 years. This allotment of research time will make it easier for them to make a next move in their career, which could be a permanent appointment as assistant professor 1 or as associate professor (tenure). The career move depends on performance during the five-year period.
PhD students and Research Fellows
PhD students are recruited on the basis of open competition; a decisive selection criterion is the academic quality of the candidates. Once accepted, the graduate students and their supervisors write a plan with regard to their training and supervision, covering the four years of their contract. Progress reports are written at least once a year, allowing the Tinbergen Institute and the faculty to monitor the process of writing and the academic development of the students. The students are encouraged to participate in conferences, to publish their results in international scientific journals and to develop relevant networks of professional contacts. After graduation, the faculty explicitly seeks to hold on to promising researchers by offering career perspectives. The allocation of research funds is based among others on the principle that productive researchers should be allowed room to exploit their talents. In most cases they can be offered a tenure position after a few years of temporary post-doc contracts.
As of 2005 PhD students (Eerste Geldstroom) in economics and econometrics are recruited from the Tinbergen Institute (M.Phil programme). The M.Phil. programme is a two-year research master in economics, econometrics, and finance, and is an excellent preparation for Ph.D. thesis research in these fields. The M.Phil. programme is taught by the best researchers of the three economics departments participating in the institute and by internationally renowned guest lecturers. Students are carefully selected from a large international pool of applicants. Each year at most 30 students are admitted and thorough selection is part of the admission procedure. The M.Phil. programme has been accredited by the Dutch and Flemish Accreditation Organisation for higher education (NVAO) and leads to a Master of Philosophy in Economics degree.
PhD students in business administration and management will continue to be recruited on the basis of open competition.
As of 2004 PhD students are given opportunities to teach and are advised to do so. Teaching is important for career development. The maximum teaching load is 10%.
Research staff at institutional level in fte
The changes in research staff are mostly due to changes in research funds (2e geldstroom) en contracts (3e geldstroom). As of 2005, the allocation in direct funding (1e geldstroom) has been raised from 27.99 to 31.28.