Lib-Value: Values, Outcomes, and Return on Investment of Academic Libraries, Phase III: ROI of the Syracuse University Library | Zendy

Bruce R. Kingma | Zendy; KATHLEEN MCCLURE | Zendy

Open Access

Lib-Value: Values, Outcomes, and Return on Investment of Academic Libraries, Phase III: ROI of the Syracuse University Library

Author(s) -

Bruce R. Kingma,

KATHLEEN MCCLURE

Publication year - 2015

Publication title -

college and research libraries

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.886

H-Index - 52

eISSN - 2150-6701

pISSN - 0010-0870

DOI - 10.5860/crl.76.1.63

Subject(s) - academic library , valuation (finance) , return on investment , value for money , value (mathematics) , contingent valuation , investment (military) , business , library science , willingness to pay , sociology , economics , finance , computer science , political science , mathematics , statistics , public economics , production (economics) , politics , law , macroeconomics , microeconomics

This study measures the return on investment (ROI) of the Syracuse University library. Faculty and students at Syracuse University were surveyed using contingent valuation methodology to measure their willingness to pay in time and money for the services of the academic library. Their travel time and use of the online library was measured to determine the environmental value of the academic library. The economic and environmental value of the Syracuse University library show an ROI of $4.49 returned to the university for every $1.00 spent each year.

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