Foreign Experience of Management of Higher Educational Institutions Operating on The Basis of Financial Independence

Authors

  • Alimardonov Asrorjon Alimardonovich Head of the Education Quality Control Department, Banking and Finance Academy of the Republic of Uzbekistan

DOI:

https://doi.org/10.31150/ajebm.v8i7.3835

Keywords:

Financial Independence, Higher Education, Governance Mechanisms, Accountability, Audit, Strategic Planning, University, Education Reform, Budget, Institutional Development

Abstract

This article provides a comprehensive analysis of the issue of ensuring financial independence in higher education institutions and international experiences in this regard. Using the example of developed countries such as the USA, Great Britain, Germany, Japan and South Korea, the practical mechanism of financial autonomy, management models, its impact on the quality of education, scientific activity and overall competitiveness of universities are studied. The article provides a comparative analysis using analytical tables based on various scientific sources and reports of international organizations. It is noted that the decisive factors for success in introducing financial independence in universities are the legislative framework, human resources, diversified funding sources and an accountability system. It also analyzes the possibilities, needs and risks of implementing these experiences in the conditions of Uzbekistan, and gives specific proposals and recommendations for the formation of a national model.

Downloads

Download data is not yet available.

References

[1] B. R. Clark, Creating Entrepreneurial Universities: Organizational Pathways of Transformation, Oxford: Pergamon, 1998.

[2] J. E. Lane, The Public-Private Divide: Understanding Institutional Dynamics, Dordrecht: Springer, 2007.

[3] M. Kinsley, “Financial Autonomy in Higher Education: Balancing Freedom and Accountability,” J. Higher Educ. Policy, vol. 10, pp. 45–59, 2010.

[4] L. Huber, University Governance and Reform in Germany, Enschede: CHEPS, 2005.

[5] T. Inoue, Reforming Japanese National Universities: Corporatization and Its Consequences, Tokyo: Tokyo University Press, 2010.

[6] P. G. Altbach, L. Reisberg, and L. E. Rumbley, Trends in Global Higher Education: Tracking an Academic Revolution, Paris: UNESCO, 2009.

[7] OECD, Education at a Glance: OECD Indicators, Paris: OECD Publishing, 2021.

[8] B. Sporn, “University Autonomy and Institutional Performance: A Comparative View,” Eur. J. Educ., vol. 42, no. 3, pp. 235–247, 2007.

[9] D. Bloom, D. Canning, and K. Chan, Higher Education and Economic Development in Africa, Cambridge, MA: Harvard University, 2006.

[10] T. Estermann, T. Nokkala, and M. Steinel, University Autonomy in Europe II: The Scorecard, Brussels: European University Association, 2013.

[11] B. Johnstone, Cost Sharing and Access in Higher Education: International Comparative Perspectives, New York: International Comparative Higher Education Finance and Accessibility Project, 2003.

[12] B. Franklin, “Balancing Autonomy and Accountability in Private Higher Education,” J. Educ. Policy Anal., vol. 22, no. 1, pp. 73–88, 2010.

[13] Bertelsmann Stiftung, University Governance Reforms in Europe: Between Autonomy and Accountability, Gütersloh: Bertelsmann Stiftung, 2015.

[14] L. Leshanych, I. Miahkykh, and M. Shkoda, “Models of Financing of Higher Education Institutions in Foreign Countries,” Baltic J. Econ. Stud., vol. 4, no. 5, pp. 145–150, 2018.

[15] V. Kohtamäki and A. Lyytinen, “Financial Autonomy and Challenges to Being a Regionally Responsive Higher Education Institution,” Tertiary Educ. Manage., vol. 10, no. 4, pp. 319–338, 2004.

Downloads

Published

2025-07-24

How to Cite

Alimardonovich, A. A. (2025). Foreign Experience of Management of Higher Educational Institutions Operating on The Basis of Financial Independence. American Journal of Economics and Business Management, 8(7), 3481–3487. https://doi.org/10.31150/ajebm.v8i7.3835

Issue

Section

Articles

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.