Study On The Construction Of The Index System Of Financial Resources Of Chinese Universities

With the widening of the scale of higher education and universities' autonomy rights,as well as universities' construction of "double first-class" goal,the demand for education funds in universities continues to surge.China's financial investment in higher education increased from 149.6 billion yuan to 593 billion yuan,the growth rate was relatively fast,but since 2013,the growth rate has slowed down significantly,even negative growth.With China's economy entering a relatively stable new normal development of "middle and high speed",it is difficult for universities to obtain a higher proportion of financial education funds from national income.The contradiction between the growing demand for educational funds and the insufficient funds available is bound to affect the healthy and sustainable development of universities.Therefore,universities need to explore the source of education funds independently and expand financial resources channels efficiently.The premise and foundation of expanding financial resources channels is to construct a scientific index system of financial resources of universities.From the perspective of Pan-Financial Resources,this study aims to construct the index system of financial resources of universities in China.Firstly,analyze the relevant literature and theoretical basis of the concept and composition of financial resources,and construct the preliminary framework of the index system of financial resources of universities.Secondly,by sending the self-designed questionnaires to the 13 universities' financial staff,using Delphi method to screen and analyze the indicators,finally,the financial resource index system of universities in China is constructed.Thirdly,using the Analytic Hierarchy Process(AHP)to calculate the indicators' weight and verify coherence of the weight,the key indicators to influence the financial strength of the Chinese university is revealed.Finally,based on the above research conclusions,by using the grey comprehensive evaluation method,the correlation degree of 6 universities is calculated.Some suggestions are given for the work related to financial resources.The conclusions of this study are as follows:(1)The index system of financial resources of universities was built in an empirical way,covering soft and hard two dimensions,including 4 primary indicators,10 secondary indicators and 41 tertiary indicators.(2)The hard financial resource indicators still has a great influence on the financial strength of the university,such as the average school buildings area of per student,the income of financial subsidy,the equipment for teaching and research.Indicators of soft financial resources such as high-quality students,scholars of the Yangtze River,the number of academicians in both Academies,cooperative network of teaching and scientific research and the number of key disciplines at the national level also play an important role in the financial strength of universities.Financial resources indicators of traditional finance have a relatively small influence on the financial strength of universities,such as full-time accounting personnel,financial systems and regulations and so on.Universities should expand financial resources channels efficiently and improve the attention and management consciousness of soft financial resources.(3)Grey comprehensive evaluation results of six universities show that B university ranked first.F university has the lowest correlation degree.Finally,from the expanding channels and management of financial resources,some suggestions are made for the related work of financial resources.The structure of this paper is as follows: In chapter 1,background and meanings,research methods of this research are introduced and worldwide research status is discussed.In chapter 2,the construction principle of indicators and theoretical basis of index system construction are analyzed.Chapter 3 is the research design,including the preliminary design of the constituent index,the questionnaire and the empirical process design.Chapter 4 is the empirical research,including descriptive statistics,reliability test,weight calculation and the application of the index system.Chapter 5 is the conclusions.