Research On Budget Performance Evaluation Of China’s Universities Of Finance And Economics Based On DEA Model And SFA Model

In recent years,China’s economy has shifted away from high-speed growth to high-quality growth.GDP growth has slowed down and fiscal funding gaps have continued to expand.The financial resources for higher education are far from meeting the needs of university construction and development.The contradiction between the tight supply of funds and the increasing demand for funds for colleges and universities is gradually becoming a bottleneck restricting the development of higher education in China.The current budget management mode of colleges and universities cannot adapt to the contradiction of fiscal revenue and expenditure under the "new normal" of China’s economy.Low budget funds-use efficiency and lack of effective evaluation and incentive mechanism are the root reason for the above problem.Therefore,budget performance evaluation is an effective way to solve this problem,and it is gradually promoted and piloted among universities.This paper uses data envelopment analysis(DEA)and stochastic frontier analysis(SFA)to evaluate the performance of schools and research centers in S university so as to provide new ideas and suggestions for the evaluation of budget performance of universities of finance and economics.Taking S university as the research object,this paper uses literature research method,case study method and empirical research method to evaluate the budget performance of schools and research centers in S university.This paper is mainly divided into the following six parts.The first part introduces the research background,research significance,research content,research methods and research innovations,and proposes the research framework of this paper.The second part conducts a literature review,which combs the domestic and foreign literature and theories on budget performance management,university budget performance management,and introduces the concepts and methods of budget performance evaluation,providing a theoretical basis for subsequent empirical research.The third part focuses on the status quo and problems of S university’s budget performance management,which includes the fundamental information and the budget management system and process of S university.By analyzing the current budget and budget performance,this part describes problems existing in budget performance management.The fourth part is about the evaluation index and method of budget performance evaluation of S university.It introduces the selection principle of budget performance evaluation indicators,the input index and output index of budget performance evaluation based on the actual situation of S university,and the DEA analysis method and the SFA analysis method to be adopted.The fifth part is the empirical analysis of the budget performance evaluation of S university.The DEA analysis method and the SFA analysis method are used to measure the budget performance of schools and research centers in S university,makes scale efficiency analysis,projection analysis and dynamic efficiency analysis,proposes the proportion of optimal investment.The sixth part is conclusion which put forward suggestions for achieving the maximum benefit of budget funds of the schools and research centers in S university and points out the possible research directions of the paper in the future.The main research conclusions of this paper are summarized as follows: First,the gaps in levels of management of schools and research centers in S university are obvious.They should pay attention to the management of budget funds,consider the lag of the impact of adjustment of funding input,and need to be forward-looking in the performance evaluation of budge,which can lay a foundation for the long-term development of schools and colleges.Second,the overall input and output of S university have not reached the optimal scale efficiency.The scale efficiency between the colleges and centers is quite different.The input scale of each school shows a diminishing scale of returns.S university should strengthen the internal management of large-scale schools,improve the efficiency of fund use to realize rational and efficient development.Third,S university should optimize the budget allocation system,analyze the reasons for the invalidity of resource allocation,and should rationally arrange funding input,improve internal management level,control output costs,and simultaneously take measures to achieve the goal of improving budget performance.Fourth,those schools whose improvement of production efficiency depending on relative efficiency growth should actively introduce advanced technology to promote efficiency;those schools whose improvement of production efficiency depending on the overall progress of the society should focus on improving management levels to achieve a benign development due to flexible and propitiate policy.Fifth,small schools that are on the boundary of the technology set in the DEA analysis method should be evaluated with a comprehensive,scientific and reasonable method taking the DEA analysis method and the SFA analysis method into consideration.This paper uses DEA analysis method and SFA analysis method to conduct empirical research on the budget performance evaluation of S university,which provides reference and guidance for China’s universities of finance and economics to evaluate budget performance,and to improve the efficiency of fund use and resolve the contradiction between tight supply of funds and the increasing demand for funds for colleges and universities.