FINANCIAL EFFICIENCY OF TERTIARY EDUCATION INSTITUTIONS: A SECOND-STAGE DYNAMIC NETWORK DATA ENVELOPMENT ANALYSIS METHOD

Carolyn-Dung T. T. Tran and Renato A. Villano ()
Additional contact information
Carolyn-Dung T. T. Tran: UNE Business School, University of New England Armidale, NSW 2351, Australia
Renato A. Villano: UNE Business School, University of New England Armidale, NSW 2351, Australia

The Singapore Economic Review (SER), 2021, vol. 66, issue 05, 1421-1442

Abstract: The overall performance of an organization depends on the operational efficiency of different divisions in a network structure. The organization is really efficient only if each division is operating efficiently. The linkage between divisions is inherently complex and needs to be perused to provide more appropriate solutions for further improvement. Using the advanced dynamic network data envelopment analysis method, this paper investigates divisional efficiency in relation to the overall performance of tertiary education institutions in a network structure. As an illustrative case, the performance of 82 Vietnamese public universities was analyzed for the period 2011–2013. The results indicate that the financial efficiency is 0.826, while the academic efficiency is 0.782. The overall dynamic network efficiency of public universities is 0.804 which strongly correlated with academic efficiency rather than financial efficiency. The second-stage fractional regression analysis is proposed to investigate the effects of contextual factors on the efficiency of the financial division. The findings reveal that enrolment growth, central management and location influence financial efficiency. These findings suggest that more consideration has to be given to government policies by removing enrolment quotas and complicated line management in the context of Vietnamese higher education.

Keywords: Dynamic network; data envelopment analysis; financial efficiencies; fractional regression model; universities (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590818500133
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:66:y:2021:i:05:n:s0217590818500133

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590818500133

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().