Research On The Reform Path Of University Internal Governance Based On Transaction Cost

The overall goal of China's comprehensive reform of higher education is to advance the modernization of university's system,including the external governance of universities and the modernization of internal governance.The connotation is to conform to the requirements of the times,establish new relationships between government,society and universities,and establish an effective system of operations,form a diverse pattern of co-governance.The transaction cost of university internal governance has an important impact on the scientific nature of the multi-governance internal governance system and the effectiveness of internal governance.Transaction cost is an inevitable outcome of the current internal governance process in universities.The rationalization of transaction cost is the key goal of the internal governance change of the university.The improvement of the internal governance ability of the university is the fundamental way to control the transaction cost.Guided by the theory of political transaction cost and the theory of bounded rationality,this paper comprehensively uses the methods of literature research and questionnaire survey to explore the transaction cost of internal governance in accordance with the qualitative research paradigm.In this paper,the transaction cost of internal governance of a university refers to the cost of all trading activities in which the university balances its various internal interests and promotes cooperation among the parties to ensure the effectiveness of governance.In the study,three universities in the eastern and western parts of China were selected by questionnaire survey.The status quo of internal governance was investigated.Through the data collation and analysis,the main reason for the internal governance transaction cost of universities in China was: information asymmetry Moreover,the information disclosure is imperfect,the decision-making boundary is unclear and there is path dependence,the modern governance knowledge and ability is lacking,and the participation of teachers and students in governance is not high.According to the performance and causes of the internal governance transaction costs of the university,the general characteristics of transaction costs are compared and analyzed.This paper divides the types of internal governance transaction costs into information and coordination costs,knowledge costs,and organizational structure costs.Information and coordination costs refer to the cost of acquiring,transmitting,and coordinating relationships in a university that balances the effectiveness of various internal benefits.Knowledge cost refers to the contradiction between the university's balanced governance knowledge-specific restriction and the governance modernization demand,and the cost of improving decision-making quality and governance ability.Organizational structured cost refers to the cost of remediation and improvement of the organization's lack of organizational or administrative deficiencies and its effects to enhance the effectiveness of governance.Unreasonable transaction costs constrain the effectiveness of internal governance.The main ways to effectively control the transaction costs of internal governance are: to enhance the transparency of internal governance of universities,to reduce the cost of information and coordination;to increase the participation of internal governance in universities to reduce Knowledge-based costs;to improve internal governance functions such as organizational supervision and relief to reduce organizational structural costs.