University Financial Sustainability: A comparison between Italy and other EU Countries (Part II: The Analysis)

Francesca Mandanici and Roberta Pace

RIVISTA DI STUDI SULLA SOSTENIBILITA', 2016, vol. 2016/1, issue 1, 103-129

Abstract: The research defines the university financial sustainability as the interaction between three factors: the financial autonomy, the leverage, and the liquidity. In the first part of this research, they are translated in a series of warning indicators; now we define their "red flag" values, and we apply them to the 2007-2012 financial reports of Italian state universities. For each university, and each year, the paper calculates a synthetic financial sustainability indicator as the sum of the score reached by every single indicator. The results are compared among Italian universities and with EUA?s published studies. Results show that the medium-sized universities hold the lowest levels of financial sustainability. The small and very large universities have, on average, the higher levels in respect to the medium-sized ones.

Keywords: Sostenibilit? finanziaria; autonomia finanziaria; indebitamento; liquidit?; universit?. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 979&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

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:fan:rissri:v:html10.3280/riss2016-001009

Ordering information: This journal article can be ordered from
http://www.francoang ... o.aspx?IDRivista=168

Access Statistics for this article

RIVISTA DI STUDI SULLA SOSTENIBILITA' is currently edited by FrancoAngeli

More articles in RIVISTA DI STUDI SULLA SOSTENIBILITA' from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().