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Revenue Sources in the Budgets of Public Higher Education Institutions. An Empirical Examination of Financial and Non-Financial Performance Criteria

Author

Listed:
  • Oana CHIRICA

    (National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania)

  • Mihai-Alexandru GHIGIU

    (National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania)

Abstract

In the case of public higher education system, revenue generation has been and still is an issue addressed both nationally and internationally. Specifically, dependence on a single source of funding can cause financial instability at public universities. Therefore, strategic management at the level of educational institutions should aim at attracting sources of income other than those generated by state budget subsidies, and their use under conditions of financial autonomy can ensure the achievement of the objectives proposed by the institutional strategic plan. By identifying a model of comparative indicators at university level, appropriate information can be provided that reflects reality and provides applicable recommendations. Putting these aspects together, the aim of the present research is to investigate the performance criteria – financial and non-financial – that underpin the rationale and execution of the budget within the public higher education system. The opinions of over 130 academics and administrative members from more than ten universities were analysed through questionnaires in order to bring to the fore how they perceive the relationships between financial and non-financial performance criteria in the budgeting process. The empirical investigation intended to answer the following research questions: Which financial and non-financial performance criteria related to budgeting and budget execution are given more importance by teaching and administrative staff in the public higher education system? How do academics and administrative staff view the budgeting and implementation at their own institutions (effective, efficient or rather high performing)? Are there significant differences between the reports of different categories of subjects (with different hierarchical positions within higher education institutions) on financial and non-financial performance criteria and on the effectiveness, efficiency and performance of budgeting and budget execution at the level of their own institutions?

Suggested Citation

  • Oana CHIRICA & Mihai-Alexandru GHIGIU, 2024. "Revenue Sources in the Budgets of Public Higher Education Institutions. An Empirical Examination of Financial and Non-Financial Performance Criteria," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(2), pages 58-73, February.
    • Handle: RePEc:ahd:journl:v:5:y:2024:i:2:p:58-73
    DOI: 10.37945/cbr.2024.02.07
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    References listed on IDEAS

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    1. Jose A. Puppim De Oliveira & Yijia Jing & Paul Collins & Jie Gao, 2015. "Performance Measurement and Management in the Public Sector: Some Lessons from Research Evidence," Public Administration & Development, Blackwell Publishing, vol. 35(2), pages 86-96, May.
    2. Marc Robinson, 2016. "Budget reform before and after the global financial crisis," OECD Journal on Budgeting, OECD Publishing, vol. 16(1), pages 29-63.
    3. Alexander Kalgin, 2016. "Implementation of Performance Management in Regional Government in Russia: Evidence of Data Manipulation," Public Management Review, Taylor & Francis Journals, vol. 18(1), pages 110-138, January.
    4. Ioana-Diana BUFAN, 2013. "The Role Of Budgeting In The Management Process: Planning And Control," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 1, pages 16-37, June.
    5. Nowook Park & Joung-Jin Jang, 2015. "Performance budgeting in Korea: Overview and assessment," OECD Journal on Budgeting, OECD Publishing, vol. 14(3), pages 1-16.
    6. repec:cmj:journl:y:2013:i:27:bufani is not listed on IDEAS
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    More about this item

    Keywords

    budget; financial and non-financial performance criteria; effectiveness; efficiency; public higher education system;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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