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What do global university rankings really measure? The search for the X factor and the X entity

Vicente Safón
- 01 Nov 2013 - 
- Vol. 97, Iss: 2, pp 223-244
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TLDR
Results support the existence of an underlying entity profile, characterized by institutions normally from the US that enjoy a high reputation in the ARWU and Times Higher Education rankings, and support the idea that rankings lack the capacity to assess university quality in all its complexity.
Abstract
Most academic rankings attempt to measure the quality of university education and research. However, previous studies that examine the most influential rankings conclude that the variables they use could be an epiphenomenon of an X factor that has little to do with quality. The aim of this study is to investigate the existence of this hidden factor or profile in the two most influential global university rankings in the world: the Academic Ranking of World Universities (ARWU) of the University of Shanghai Jiao Tong, and the Times Higher Education (THE) ranking. Results support the existence of an underlying entity profile, characterized by institutions normally from the US that enjoy a high reputation. Results also support the idea that rankings lack the capacity to assess university quality in all its complexity, and two strategies are suggested in relation to the vicious circle created between institutional reputation and rankings.

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Citations
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What's in a Name? Reputation Building and Corporate Strategy

TL;DR: In this article, the authors argue that firms compete for reputational status in institutional fields and attempt to influence other stakeholders' assessments by signaling firms' salient advantages by signaling their salient advantages.
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University rankings: What do they really show?

University rankings may not accurately measure the quality of education and research, as they are influenced by factors such as institutional reputation and research bias.