A comparison of top economics departments in the US and EU on the basis of the multidimensional prestige of influential articles in 2010

Possibilities for ranking business schools and considerations concerning the stability of such rankings

In this article, we discuss possibilities for ranking business schools and analyse the stability of research rankings using different ranking methods. One focus is set on a comparison of publication-based rankings with citation-based rankings. Our considerations and discussions are based on a (small) case study for which we have examined all (six) business schools at public universities in Austria. The innovative aspect of our article is the chosen mix of methods and the explicit comparison of the results of a publication analysis with those of a citation analysis. In addition, we have developed a new indicator to check the stability of the obtained ranking results with regard to the individual business schools. The results show that the ranks of the individual business schools are quite stable. Nevertheless, we found some differences between publication-based and citation-based rankings. In both cases, however, the choice of the data source as well as switching from full to adjusted counting only have little impact on the ranking results. The main contribution of our approach to research in the field of university rankings is that it shows that focusing on a single (overall) indicator should be avoided, as this can easily lead to bias. Instead, different (partial) indicators should be calculated side by side to provide a more complete picture.