Research On Financial Governance Of The Public Universities In China

As Chinese economy has changed from a planned to a market, the financial environment of Chinese public universities has undergone profound changes, but the university's financial management system has failed to advance with the times. In the new financial environment, public universities increasingly exposed a number of financial problems. In the context of higher education market, for regulating the financial behavior of colleges and universities, strengthening financial management, improving the efficient use of school funds, further promoting reform of the university internal management system, in accordance with the requirements of the modern university system, perfecting the financial governance system in universities has become increasingly importance for government, society and universities.According to theory of financial governance, property rights allocation is the core of financial governance, an effective financial governance system should be the financial decision-making power, financial performance power and financial decision-making power separates, checks and balances. This paper tries to build Chinese public university's financial governance structure in accordance with the theory and the actual situation of Chinese public universities.First, this paper discusses the background of public higher education financial governance research, analyses the situation of financial governance study at home and abroad and points the problems that need further study, after that, this paper obtains the theoretical and practical value; second, this paper describes the theoretical basis of public university financial governance from the perspective of the property rights theory, public governance theory, agency theory and stakeholder theory, and on this basis, the related concepts about public university financial governance were defined; later, this paper analyses the problems exited in public university financial governance, based on this analysis, this paper proposes the countermeasures to perfect Chinese pubic university financial governance, and at the same time referencing financial governance structure of American public universities, this paper attempts to build the financial governance structure of Chinese public university ; last, through"Tianjin university stock case"to explain the structure how to play a role.