Business and Management Studies in the United Kingdom's 2021 Research Excellence Framework: Implications for Research Quality Assessment

Evaluating research is an established part of the research process, as funding agencies and governments seek to raise its quality and performance. The United Kingdom's Research Excellence Framework 2021 (REF2021) was the eighth formal assessment of research in UK universities. In Business and Management Studies (B&M), Sub‐Panel 17, 108 universities submitted 16,038 research outputs and 539 impact case studies covering the period 2014–2020. Submissions were assessed by a panel of academic researchers and research users, nominated by a range of academic constituencies. The outcome was that the quality of UK research in B&M continues to improve since REF2014. The quality profile for REF2021 had 79% of research assessed as 3* (internationally excellent) and 4* (world‐leading). The paper explains and reports on our experiences of the peer review process, analyses the outcomes and discusses the state of research within the discipline. Subsequently, we consider the wider implications of the REF process, its methodologies and impacts, contributing to the debate about research quality in universities. The paper concludes with support for peer review and expresses caution against the automation of research quality assessment.