Flegg, C.

Gaul, J.

English

City Research Online

Flegg, C. & Gaul, J. (2012). "High end" research datasets: an exploration of issues, together with results of a survey of the ABLD/EBSLG/APBSLG members. Paper presented at the ABLD (Academic Business Library Directors), EBSLG (European Business Schools Librarians’ Group) and the APBSLG (Asia Pacific Business Schools Librarians’ Group) joint meeting, 17 - 20 Apr 2012, Stanford University, Stanford, California, USA.City Research OnlineOriginal citation: Flegg, C. & Gaul, J. (2012). "High end" research datasets: an exploration of issues, together with results of a survey of the ABLD/EBSLG/APBSLG members. Paper presented at the ABLD (Academic Business Library Directors), EBSLG (European Business Schools Librarians’ Group) and the APBSLG (Asia Pacific Business Schools Librarians’ Group) joint meeting, 17 - 20 Apr 2012, Stanford University, Stanford, California, USA.Permanent City Research Online URL: http://openaccess.city.ac.uk/1228/ Copyright & reuseCity  University  London has developed City  Research Online  so that  its  users  may access the research outputs of City University London's staff. Copyright © and Moral Rights for this paper are retained by the individual author(s) and/ or other copyright holders. Users may download and/ or print one  copy  of  any  article(s)  in  City  Research  Online  to  facilitate  their  private  study  or  for  non-commercial research. Users may not engage in further distribution of the material or use it for any profit-making activities or any commercial gain. All material in City Research Online is checked for eligibility for copyright before being made available in the live archive. URLs from City Research Online may be freely distributed and linked to from other web pages. Versions of researchThe version in City Research Online may differ from the final published version. Users are advised to check the Permanent City Research Online URL above for the status of the paper.EnquiriesIf you have any enquiries about any aspect of City Research Online, or if you wish to make contact  with the author(s) of this paper, please email the team at publications@city.ac.uk.“HIGH END” RESEARCH DATA SETS:   An exploration of issues,  together with results of a survey of the ABLD/EBSLG/APBSLG members.  Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: This Pecha Kucha looks at how high-end research data sets are :  •  Managed •  Funded •  Accessed •  Supported    Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: What’s your line?   • What role should  the library play in the provision and support of research data sets?  Out of control?   • The fragmented nature of the purchase, awareness and support of  these resources • Often their existence is not publicised so not evident except to a small group    Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Restoring order:  • Advocating the value of the Library acting as  a coordinator in terms     of the management of these resources  Expert evaluation or administrative support?   • Role of the library in evaluating proposed new data sets? • What criteria are used or might be used?    Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Paying the price:   • Specialised and often required for short, intense and sporadic use rather than ‘regular’ subscription  Measure for measure:   • Value may be difficult to measure – tied to quality not quantity of output • Insufficient “domain” experts on the ground to assess and support the data set   Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Data sets available to the business community:  Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Decision to purchase:  Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: 0 5 10 15 20 25 30 35 40 Bloomberg Compustat (US or global) Datastream Nastraq SDC Platinum TRACE Librarian in business school or library Other librarian Library Committee in business school or library Other committe or group Academic/Research staff Other Don't know Who manages the data sets? Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: 0 5 10 15 20 25 30 35 Librarian in business school or library Other librarian Non-library staff Don't know Who pays? Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: 0 5 10 15 20 25 30 35 From my library's main budget Supplementary business school funding Funded by other library or entity Library shares cost with other entity Other Don't Know Charge back for non-paying users? Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: 0 5 10 15 20 25 30 No charge back at all Charge back on "nominal amount basis" Charge back on % basis Charge back on actual usage basis Don't know Other Restricting access: institutional spread:   Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Restricting access: user categories:  Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Training & support:   Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: 0 5 10 15 20 25 30 35 40 45 50 Library staff Specialist staff not employed by library Doctoral students/Academic staff Users use online support & database helpdesks External providors Don't know Other Measuring value: Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: Answer Options Number of users Times accessed Data downloaded User feedback Other Response Count Bloomberg 14 7 6 18 3 21 CapitalIQ 10 6 6 11 2 15 Compustat (US or global) 13 9 11 15 2 20 CRSP 11 7 10 14 2 20 Datastream 12 8 12 20 1 24 ESDS 1 1 0 1 0 3 Nastraq 0 0 0 2 0 2 Option Metrics 3 3 2 6 1 7 SDC Platinum 8 6 5 11 3 15 SEC Analytics 1 1 0 1 0 2 TRACE 3 3 2 4 1 5 WRDS 11 9 8 15 2 21 Other (please specify) 9 answered question 28 skipped question 15 Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012:          Answer Options Stand alone BS Library (18) Distinct, BS Library operating as part of UL (17) Collections and services provided by the UL (6) BoardEX 3 2 0 Bloomberg 9 15 5 Capital IQ 8 9 2 CISDM 0 3 3 CRSP 10 15 5 Compustat -US 9 12 5 Compustat - Global 9 14 5 Datastream 11 15 4 ESDS 1 3 0 Eventus 7 7 3 Factset 3 5 0 FDIC 2 8 5 GovPX 0 3 0 I/B/E/S 10 10 4 NASTRAQ 0 4 1 Option Metrics 2 6 5 Penn World Tables 2 7 5 SDC Platinum 9 9 4 SEC Analytics 1 1 0 Trace (OTC corporate Bonds) 2 3 5 Trade & Quote (TAQ) 2 8 3 WRDS 10 15 5 Worldscope 5 9 2 Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012:        Answer Options Stand alone BS Library Distinct, BS Library operating as part of UL Bloomberg   From my library's main budget 5 4 Supplementary business school funding 0 7 Funded by other library or entity 0 1 Library shares cost with other entity 3 1 Other 1 2 Don't Know 0 0   9 15 CapitalIQ   From my library's main budget 7 2 Supplementary business school funding 0 3 Funded by other library or entity 0 2 Library shares cost with other entity 2 1 Other 0 2 Don't Know 0 0   9 10 Some comparative findings: Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012:  • Who manages the accounts: for BS Libraries, all managed exclusively by BSL – except one reported a “1” for non-library staff for management of WRDS: compared to BSL operating from within Ul, management more by “non-library staff”.   • Charge-back appeared to be constant across the three with almost no charge back occurring.  • In the training and support area, the BSL operating from within UL there was greater use of “Specialist staff not employed by library”, “Doctoral students/Academic staff” and “external providers” BUT BS Libraries used more “online support and database help desks” for all products compared to the BS within the University Libraries.   • Use of various measures to gauge value was fairly constant across the groups.        Comments: funding & decision making: Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012: • Within the last several years, we have done more "joint venture" funding of some of these high end databases. I am currently of the opinion that my library budget is better spent helping to support these databases rather than buying books that no one uses.   • The Research Division pays for the subscription:   Supplementary fund comes out of Faculty & Research Budget  • We subscribe (10 access accounts) to WRDS via the University we are affiliated with. They manage the account, we get an annual invoice. But the library services manager is the contact person to the university for any matters concerning WRDS  • So long as there is money we have been able to keep what we have. Faculty research support would trump any cancelation idea  • Internally we have had to justify (at a senior level) subs to apparently "overlapping" datasets in terms of the different outcomes and experiences that they necessarily serve. e.g. Bloomberg, Capital IQ and FactSet are end-user tools used in over 70% of investment firms worldwide and our students value the opportunity to experience these work place tools.     Comments: measures & value Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012:  • Some specific data sets are purchased with a faculty member’s research budget, although the library manages the contract  • For datasets with low usage, who uses it is more important than how many people use it.  • All available measures  • The decision does not depend on me but on a Faculty member and I don't know how he values the datasets.      Interesting questions...... Chris Flegg: Saïd Business School, Oxford University                                                               Jacqui Gaul: Cass Business School, London       MANAGING RESEARCH DATA:  ABLD/EBSLG/APBSLG JOINT MEETING:   STANFORD GRADUATE SCHOOL OF BUSINESS:   APRIL 17-20 2012:    • In this time of "big data", social media and tracking transactions and collecting data in social media, what other types of research data sets are faculty and students getting access to, apart from the branded products that we purchase and license?  • Other potential issues include hidden cost & support overheads we have encountered in maintaining the client software often used by these datasets on dedicated PCs (whether in-house or supplier) plus administering the monthly or quarterly invoicing. Also there is an emerging issue of double-charges for using data to which we have already subscribed on different platforms e.g. Capital IQ and FactSet on WRDS as well as the non-standard authentication used.   • Many databases do not have adequate systems for counting users, time accesses, and data downloaded.      

"High end" research datasets: an exploration of issues, together with results of a survey of the ABLD/EBSLG/APBSLG members

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