Investigation On Financial Performance Of Asset Management Companies Of Local Colleges And Universities In Hubei Province

With the advancement of higher education in China,college asset management companies have also made considerable progress.However,due to incomplete reforms,asset management companies have not really established a modern enterprise system,and have not fundamentally solved the system and mechanism problems,and the development of college asset management companies has failed to meet expectations.As a firewall between the school and the outside world,the operating performance of college asset management companies is worthy of in-depth study.This paper uses the tool of financial performance evaluation to investigate and analyze local college asset management companies in Hubei Province,and evaluate their financial performance on this basis,providing a reference for college asset management companies to promote system and mechanism reforms and improve their management level.Based on the 2018 census data of enterprises affiliated to public universities in Hubei Province,this paper conducts a relatively comprehensive statistical analysis and evaluation of the financial performance of local university asset management companies in Hubei Province.This paper uses questionnaires and on-site interviews to conduct investigations to obtain first-hand data,and then combine the basic characteristics of university asset management companies,draw on previous research results,build a more scientific evaluation index system,and conduct a comprehensive evaluation of financial performance based on the entropy method,And further selected a typical sample(a representative asset management company)for supplementary analysis,and deeply explores the reasons for the poor financial performance of college asset management companies,and put forward reform proposals.The study found that due to the constraints of the current system and mechanism,the overall operating conditions of the local college asset management companies in Hubei Province are poor,which is mainly manifested in the small overall scale,unsatisfactory overall income,low return on state-owned capital investment,relatively high operating expenditure,and unobvious functional role,etc.The comprehensive financial performance score of local college asset management companies in Hubei Province is only 0.1518,which is significantly lower than the 0.5594 of ministry-owned college assets companies in Hubei Province and the 0.2826 of local college management companies in Hubei Province.College asset management companies need to establish a truly modern enterprise management system,and clarify the property rights relationship and corporate function positioning.