An Empirical Study On The Influencing Factors Of Financing In Local Colleges And Universities

Nowadays,there are a lot of problems such as low proportion of financial appropriation,over-reliance on tuition fees,single source of funds and so on,which seriously hampers the development of colleges and universities.Therefore,it is of great significance to study the factors influencing the financing of local colleges and universities and put forward the corresponding measures to broaden the financing channels and optimize the financing structure.However,most of these literatures are based on the analysis of current situation or the author’s subjective experience-based countermeasure research,and the research is mainly focused on one of these financing channels,lack of systematic theoretical model and empirical analysis based on mathematical statistics.Based on that,this paper established the theoretical model of influencing factors of local university financing,and used the questionnaire and the college accounting data to test the model.To sum up,the main contents and conclusions of this paper are as follows:The first part,literature research.Access to relevant research at home and abroad and giving a comprehensive analysis and comment.It is found that the research of foreign research are mainly from three aspects of country,universities and social influencing factors of the financing;Domestic scholars mainly focus on the introduction of national financial allocation system in Colleges and universities,independent financing measures and to reference of other countries.This paper respectively combs and analyzes the related literature under each research subject.The second part is the descriptive statistics of the financing situation of local colleges and universities in Hebei province.Firstly,summarize the situation of the overall scale and funding of HeBei local colleges and universities,pointed out the lack of self-financing capacity.Then elaborates the financing development of the outstanding local universities in Hebei Province from 2000 to 2015,it shows that :at the national level,all colleges and universities still rely on financial support and tuition;in the university level,the consciousness and ability of independent of colleges and universities are relatively weak;in the social level,the social donation income and interest are fewer and easily affected by random factors,fluctuated greatly in different years.Thirdly,theoretical model construction.According to the theory of education cost sharing,the theory of quasi-public product nature and the literature and descriptive statistical results,this paper classifies the influencing factors of local university financing from three levels: national,university and society.Then,putting forward the hypotheses according to the related literature,and constructs the theoretical model of influencing factors of local university financing.The last part,empirical test.Taking the local colleges and universities in Hebei Province as the research object,using the structural equation model to test the theoretical model with the questionnaire data and the financial final accounts data.The research shows that the cost of higher education and the ambition of higher education investment of the national level will affect the financial funding;The university itself factors in performance,efficiency and social image and other aspects will affect the local colleges and universities financing;The relationship between supply and demand of education society has influence on the financial support and tuition funding,but the size of path coefficient influence is not strong.