Applying Stakeholder Theory and Structural Equation Modeling (SEM) to Identify Factors Toward Improving the Degree for Financial Autonomy of High Schools in Disadvantaged Areas

Phung Thanh Loan, Hoang Huu Son (), Hy Thị Hai Yen, Ngo Thi Thuy Quyen and Mai Thi Bich Ngọc
Additional contact information
Phung Thanh Loan: Academy of Finance
Hoang Huu Son: Academy of Finance
Hy Thị Hai Yen: Academy of Finance
Ngo Thi Thuy Quyen: Academy of Finance
Mai Thi Bich Ngọc: Academy of Finance

A chapter in Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2, 2023, pp 625-638 from Springer

Abstract: Abstract Stakeholder theory considers factors affecting an organization according to three perspectives: power, legitimacy, and urgency. This theory is consistent with studies on the financial autonomy mechanism of public units because these units need to ensure multiple targets: financial autonomy, social security, and political missions. In this article, we apply this theory to conduct a theoretical framework of factors impacting the financial autonomy of public high schools in disadvantage areas (Ha Giang, Cao Bang, Bac Kan provinces) and build a questionnaire from this theoretical framework. Applying structural analysis with collected data, the theoretical framework has been adjusted and given the factors influencing level of financial autonomy of high schools in three provinces of Bac Kan, Cao Bang, and Ha Giang. These factors with regressive estimate index are infrastructure (0.41), characteristics of the educational service market (0.37), legal framework for autonomy (0.32), and quality of human resources (0.31). The impact of the local government’s implementation of the self-financing mechanism of public units is not enough statistics basic for assessment. Then, we have proposed a number of policy recommendations to improve the financial autonomy of surveyed high schools from analyzed data.

Keywords: Financial autonomy; Stakeholder theory; School autonomy; Disadvantaged areas (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-981-99-0490-7_38

Ordering information: This item can be ordered from
http://www.springer.com/9789819904907

DOI: 10.1007/978-981-99-0490-7_38

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().