Featured Research

from universities, journals, and other organizations

Correlation found between investment in university libraries and grant awards

Date:
August 9, 2010
Source:
Elsevier
Summary:
A new study demonstrates the value of the academic library to the institution in improving grant proposal and report writing and in helping researchers attract grant income.

A new international study demonstrates the value of the academic library to the institution in improving grant proposal and report writing and in helping researchers attract grant income. Of the 8 institutions participating from around the globe, 6 demonstrated a greater than one-to-one (1:1) return in grant funding, with results ranging from 15.54:1 to 0.64:1. Equally significant is the result that 2 institutions showed a significant positive correlation between an increase in library investment over time and an increase in grant funding to the university.

Dr. Carol Tenopir, Director of the Center for Information and Communication Studies at the University of Tennessee, led a team of investigators over a 16-month period. "Libraries bring value and returns on institutional investments in many ways," explains Dr. Tenopir. "Although the exact monetary amount of the returns in grants varies with the mission of the institution, our research shows that the collections and services of all university libraries help faculty write better grant proposals and articles and help them do better research."

The results of the study, funded by Elsevier, are available through a newly published Elsevier Connect white paper, University Investment in the Library, Phase II: An International Study of the Library's Value to the Grants Process

"The results reinforce the contribution of libraries and information to the research enterprise," notes Chrysanne Lowe, Elsevier's Vice President of Customer Development and Engagement. "Universities have always known this, but it's useful to see value articulated in terms of grant income ROI as well."

Phased Research Approach A first phase of the study was conducted as a pilot with the University of Illinois at Urbana-Champaign in 2008. In the pilot, a model for calculating a return-on-investment, or ROI, ratio was developed. Phase 2 (results announced today) replicated and then refined the original model. The research team found that among the participants the ROI return varies according to the goals of the institution, the funding environment of the institution's country, and the availability of data provided by the institution.

Dr. Tenopir and Paula Kaufman, Dean of Libraries at the University of Illinois at Urbana-Champaign, are currently leading a team on a third study phase -- a 3 year project to expand on this research to include other aspects of ROI. This third study phase is being funded through a grant from the Institute of Museum and Library Services ("Lib-Value," grant number LG-06-09-0152-09).

"Return on investment in the grants process is one important and convenient way to quantify the value of the academic library, but it underestimates the total value of the library to the university," says Dr. Tenopir.

This next phase of the research will look at ways to measure the value, outcomes, and ROI for the full range of library products and services to a variety of stakeholders. The library's contributions to functional areas of teaching and learning, research, and socialization will be identified and presented as a series of tools, reports, and literature reviews which university administrators and library leaders alike will find of value.


Story Source:

The above story is based on materials provided by Elsevier. Note: Materials may be edited for content and length.


Cite This Page:

Elsevier. "Correlation found between investment in university libraries and grant awards." ScienceDaily. ScienceDaily, 9 August 2010. <www.sciencedaily.com/releases/2010/08/100809093649.htm>.
Elsevier. (2010, August 9). Correlation found between investment in university libraries and grant awards. ScienceDaily. Retrieved April 18, 2014 from www.sciencedaily.com/releases/2010/08/100809093649.htm
Elsevier. "Correlation found between investment in university libraries and grant awards." ScienceDaily. www.sciencedaily.com/releases/2010/08/100809093649.htm (accessed April 18, 2014).

Share This



More Science & Society News

Friday, April 18, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Drought Concerns May Hurt Lake Tourism

Drought Concerns May Hurt Lake Tourism

AP (Apr. 18, 2014) Operators of recreational businesses on western reservoirs worry that ongoing drought concerns will keep boaters and other visitors from flocking to the popular summer attractions. (April 18) Video provided by AP
Powered by NewsLook.com
Small Reactors Could Be Future of Nuclear Energy

Small Reactors Could Be Future of Nuclear Energy

AP (Apr. 17, 2014) After the Fukushima nuclear disaster, the industry fell under intense scrutiny. Now, small underground nuclear power plants are being considered as the possible future of the nuclear energy. (April 17) Video provided by AP
Powered by NewsLook.com
Heartbleed Hack Leads To Arrest

Heartbleed Hack Leads To Arrest

Newsy (Apr. 17, 2014) A 19-year-old computer science student has been arrested in relation to a data breach of 900 social insurance numbers from Canada's revenue agency. Video provided by Newsy
Powered by NewsLook.com
Scientists Create Stem Cells From Adult Skin Cells

Scientists Create Stem Cells From Adult Skin Cells

Newsy (Apr. 17, 2014) The breakthrough could mean a cure for some serious diseases and even the possibility of human cloning, but it's all still a way off. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins