| Title |
Exploring the relationship between higher education financing mechanisms and university ranking |
| Authors |
Mkhitaryan, Atom ; Želvys, Rimantas |
| DOI |
10.59503/29538009-2025.1.15-5 |
| Full Text |
|
| Is Part of |
Economics, finance and accounting.. Yerevan : International Accountancy Training Centre. 2025, vol. 1, no. 15, p. 5-19.. ISSN 2953-8009. eISSN 2953-8068 |
| Keywords [eng] |
higher education financing mechanisms ; university efficiency ; financing according a formula ; performance-based financing ; negotiated financing ; Shanghai ARWU ranking ; QS ranking ; THE ranking |
| Abstract [eng] |
According to the World Bank, on average 13% of state budget worldwide goes to education, and a significant portion to higher education, and governments are interested in spending these funds productively. One of the generally accepted criteria for the efficiency of a university is its position in international academic rankings. We discuss the influence of the state financing mechanism of universities on their ranking. And what are the main mechanisms of state financing of universities in the world? We identified three main mechanisms: financing according to a formula (a-type), performance-based financing (b-type) and financing by negotiations (c-type). We have collected information about the financing mechanisms of universities in different European countries. Based on the results of the analysis, two main groups of universities were formed: those who do not succeed in ranking (with a- and b-type financing mechanisms), and those who lead in ranking (first hundred). Such universities use a c-type financing mechanism either alongside a- and b-types or as the main one. Based on the results, we propose an effective funding mechanism for the Armenian universities. |
| Published |
Yerevan : International Accountancy Training Centre |
| Type |
Journal article |
| Language |
English |
| Publication date |
2025 |
| CC license |
|
