“…Notwithstanding, their stakeholders expect their increased accountability and quality assurance, in terms of their efficiency, economy and effectiveness (Camilleri and Camilleri, 2018; Smeenk et al, 2008; Witte and López-Torres, 2017). Hence, HEIs set norms, standards, benchmarks and quality controls to measure their performance, as they are increasingly market-led and customer-driven (Billing, 2004; Etzkowitz et al, 2000; Jauhiainen et al, 2015). Specifically, the universities’ performance is having a positive effect on the economic development of societies, through the provision of inclusive, democratized access to quality education and high-impact research (Arnesen and Lundahl, 2006; Camilleri, 2019a; 2019b).…”