Assessing the Effectiveness of the Internal Control System of Russian Universities

Margarita S. Marfitsyna Larisa V. Iureva

Journal of Applied Economic Research, 2024, vol. 23, issue 2, 551-573

Abstract: The article describes an innovative approach aimed at developing tools for assessing the effectiveness of the internal control system of Russian universities. The relevance of the study lies in the need to create effective measures to assess the internal control system of Russian universities. The purpose of the article is to develop effective tools for assessing the effectiveness of the internal control system of Russian universities based on regression analysis. The hypotheses of the article consist, first, in finding a close correlation between all independent indicators that reflect the main aspects of the activities of Russian universities and the dependent variable. Second, it is assumed that there is a correlation between the resulting and explanatory variables, the geographical location of the collected data, and their influence on the resulting models. Third, there is no influence of the indicator characterizing the year of the collected observation and the name of the object on the accuracy of the resulting models. During the study, 15 explanatory variables and one resulting variable were collected, characterizing income from all sources of universities. The object of the study is Russian universities, with the exception of their branches. The information base for this study is the results of monitoring the activities of Russian universities in 2018–2022. based on 3,264 observations, from which a population of 405 balanced observations was formed. Using the data collection method - parsing, as well as methods for assessing panel data and the quality of the obtained samples and methods for calculating models and standard errors, three regression models were formed, characterizing the influence of independent variables on the dependent one. As a result of the study, a toolkit was created to assess the effectiveness of the internal control system of Russian universities. Most indicators have a strong influence on the resulting variable and are closely correlated with the geographic location. However, three indicators were not included in the initial regression model as they were multicollinear with the explanatory indicators. Thus, only one of the three hypotheses was fully confirmed.

Keywords: university; internal control system; performance efficiency; regression analysis; Hausman test; heteroscedasticity; autocorrelation. (search for similar items in EconPapers)
JEL-codes: D22 I23 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aiy:jnjaer:v:23:y:2024:i:2:p:551-573

DOI: 10.15826/vestnik.2024.23.2.022

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