Determinants of Economic Sustainability in Higher Education Institutions
Despite the attention being paid to the environmental and social dimension of sustainability of Higher Education Institution (HEI) in the literature, little empirical research has focused on economic sustainability considering the HEI as an entity depending on financial funds provided by students...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2020-05-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_2904.pdf |
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| Summary: | Despite the attention being paid to the environmental and social dimension of sustainability
of Higher Education Institution (HEI) in the literature, little empirical research has focused
on economic sustainability considering the HEI as an entity depending on financial funds
provided by students, research, strategic partners, effective and efficient financial
management. The conducted empirical survey deals with the link between the performance
of HEI (number of students and the research productivity) and its economic sustainability
measured as the average share of government subsidy. Furthermore, based on the 4678
students´ questionnaires, the paper explores the perception of the quality of study and the
capabilities of graduates of public HEIs in Slovakia. The authors have used Multivariate
Tests of Significance to evaluate the influence of above-mentioned variables on the
economic sustainability of HEIs. Based on the results it can be concluded the HEIs´
economic sustainability is directly determined by the number of enrolled students and
research productivity, while the effect of the quality of study and the capabilities of
graduates was not confirmed. Many HEI funding systems are based on the number of
enrolled students. The funding system in Slovakia is one of them. Therefore, the results
(even if drawing from the specific context) are widely applicable.The study theoretically contributes to the sustainability of HEI by proposing a general and a
specific conceptual model of sustainability in HEI. Some HEI funding systems based on the
number of enrolled students are planning to base their funding system on capabilities of
graduates and their employability (e.g. Slovakia). This fact even highlights the real-life
importance of our study. Research results also tell that the quality of study and the
capabilities of graduates are perceived differently at the altered types of HEI. Several HEIs
were identified and therefore, HEIs need to adopt different strategies to satisfy diverse
stakeholders’ expectations. |
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| ISSN: | 1582-9146 2247-9104 |