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预算软约束与高等学校财务困境
[Soft Budget Constraints and Higher Education Sector Financial Distress]

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  • Huang, Weiting

Abstract

This article modeled the soft budget constrains of higher education schools in the framework of Dewatripont & Maskin(1995). The main conclusion is that the prevalent university financial distress in China should be attributed to the soft budget constrains. From the model, the author conclude several approach to hardening the budget constrain of universities, there are concerned to the appointment of university leaders and the incentive system, universities mergers and the freedom of accessing to the credit market. Additionally, the conclusions also rebut the highly argued insufficient input causation and the wrong idea that solving the financial distress by universities mergers.

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File URL: http://mpra.ub.uni-muenchen.de/11501/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11501.

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Date of creation: Jul 2007
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Handle: RePEc:pra:mprapa:11501

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Keywords: Soft budget constrains; Financial distress; Universities;

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  1. Shleifer, Andrei & Vishny, Robert W, 1994. "Politicians and Firms," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 109(4), pages 995-1025, November.
  2. Janet Mitchell, 2000. "Theories of Soft Budget Constraints and the Analysis of Banking Crises," The Economics of Transition, The European Bank for Reconstruction and Development, The European Bank for Reconstruction and Development, vol. 8(1), pages 59-100, March.
  3. Guofu Tan & Justin Yifu Lin, 1999. "Policy Burdens, Accountability, and the Soft Budget Constraint," American Economic Review, American Economic Association, American Economic Association, vol. 89(2), pages 426-431, May.
  4. J�nos Kornai & Eric Maskin & G�rard Roland, 2003. "Understanding the Soft Budget Constraint," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 41(4), pages 1095-1136, December.
  5. Qian, Yingyi & Xu, Chenggang, 1998. "Innovation and Bureaucracy under Soft and Hard Budget Constraints," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 65(1), pages 151-64, January.
  6. Kornai, J, 1979. "Resource-Constrained versus Demand-Constrained Systems," Econometrica, Econometric Society, Econometric Society, vol. 47(4), pages 801-19, July.
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