Research impact is, in general, the effect research has beyond academia. Research Councils UK (RCUK) for example, defines research impact as 'the demonstrable contribution that excellent research makes to society and the economy'. This can involve academic impact, economic and societal impact or both:
(i) Academic impact is the demonstrable contribution that excellent social and economic research makes in shifting understanding and advancing scientific, method, theory and application across and within disciplines; (ii) Economic and societal impact is the demonstrable contribution that excellent social and economic research makes to society and the economy, and its benefits to individuals, organisations and/or nations. The impact of research, be it academic, economic and social can include:
1. Instrumental: influencing the development of policy, practice or service provision, shaping legislation, altering behaviour; 2. Conceptual: contributing to the understanding of policy issues, reframing debates and 3. Capacity building: through technical and personal skill development. At the Accounting Research Institute, research impact relates to its ability to make a difference - to the society, the policy makers and human kind. The New Straits Times newspaper in its Learning Curve column provides a good illustration of what research impacts constitute. Included in the write ups is ARI's research niche agenda in Islamic Financial Criminology under the heading "Advancing Knowledge for the Common Good". Congratulations all ARIANs.
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