OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE

The paper considers the ways to optimize financing public higher education institutions of Ukraine. Public higher education institutions acutely feel the lack of financial resources. The study describes that it is necessary to reform the models, methods and forms of financing higher education instit...

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Main Authors: Z. Varnaliy, O. Krasilnyk
Format: Article
Language:deu
Published: Taras Shevchenko National University of Kyiv 2017-09-01
Series:Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
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Online Access:http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=8346
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author Z. Varnaliy
O. Krasilnyk
author_facet Z. Varnaliy
O. Krasilnyk
author_sort Z. Varnaliy
collection DOAJ
description The paper considers the ways to optimize financing public higher education institutions of Ukraine. Public higher education institutions acutely feel the lack of financial resources. The study describes that it is necessary to reform the models, methods and forms of financing higher education institutions. The paper explains the impact of autonomy of higher education institutions on their development. The autonomy level of university determines the possibilities for diversification from additional sources. The results found that more autonomy of higher education institutions will allow them effectively generate and use financial resources. The review outlines the diversification of financial resources public universities. One of the key factors of the university success is to implement the diversification strategy into the overall academic strategy and mission of the higher education institution. The analysis recommends the performance-based funding system and public higher education institutions achieve certain performance indicators. The performance-based funding system will promote higher competitiveness of education institutions and improve the quality of higher education in general. The conclusions suggest the development trends of financing public higher education institutions of Ukraine.
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issn 1728-2667
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publisher Taras Shevchenko National University of Kyiv
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series Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
spelling doaj-art-25825f8f76ad4acf851efd3ba0853ebc2025-08-20T01:58:52ZdeuTaras Shevchenko National University of KyivВісник Київського національного університету імені Тараса Шевченка. Серія Економіка1728-26672079-908X2017-09-01519461310.17721/1728-2667.2017/194-5/1OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINEZ. Varnaliy0O. Krasilnyk1Taras Shevchenko National University of Kyiv, Kyiv, UkraineKyiv University of Market Relations, Kyiv, UkraineThe paper considers the ways to optimize financing public higher education institutions of Ukraine. Public higher education institutions acutely feel the lack of financial resources. The study describes that it is necessary to reform the models, methods and forms of financing higher education institutions. The paper explains the impact of autonomy of higher education institutions on their development. The autonomy level of university determines the possibilities for diversification from additional sources. The results found that more autonomy of higher education institutions will allow them effectively generate and use financial resources. The review outlines the diversification of financial resources public universities. One of the key factors of the university success is to implement the diversification strategy into the overall academic strategy and mission of the higher education institution. The analysis recommends the performance-based funding system and public higher education institutions achieve certain performance indicators. The performance-based funding system will promote higher competitiveness of education institutions and improve the quality of higher education in general. The conclusions suggest the development trends of financing public higher education institutions of Ukraine.http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=8346financingpublic higher education institutionsoptimization of financingdiversificationperformance-based fundingfinancial autonomy
spellingShingle Z. Varnaliy
O. Krasilnyk
OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
financing
public higher education institutions
optimization of financing
diversification
performance-based funding
financial autonomy
title OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE
title_full OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE
title_fullStr OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE
title_full_unstemmed OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE
title_short OPTIMIZATION OF FINANCING PUBLIC HIGHER EDUCATION INSTITUTIONS IN UKRAINE
title_sort optimization of financing public higher education institutions in ukraine
topic financing
public higher education institutions
optimization of financing
diversification
performance-based funding
financial autonomy
url http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=8346
work_keys_str_mv AT zvarnaliy optimizationoffinancingpublichighereducationinstitutionsinukraine
AT okrasilnyk optimizationoffinancingpublichighereducationinstitutionsinukraine