预算软约束与高等学校财务困境

Soft Budget Constraints and Higher Education Sector Financial Distress

Weiting Huang

MPRA Paper from University Library of Munich, Germany

Abstract: This article modeled the soft budget constrains of higher education schools in the framework of Dewatripont & Maskin(1995). The main conclusion is that the prevalent university financial distress in China should be attributed to the soft budget constrains. From the model, the author conclude several approach to hardening the budget constrain of universities, there are concerned to the appointment of university leaders and the incentive system, universities mergers and the freedom of accessing to the credit market. Additionally, the conclusions also rebut the highly argued insufficient input causation and the wrong idea that solving the financial distress by universities mergers.

Keywords: Soft budget constrains; Financial distress; Universities (search for similar items in EconPapers)
JEL-codes: I22 P36 (search for similar items in EconPapers)
Date: 2007-07
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Published in China Economy: Reform and Development book chapter (2008): pp. 159-166

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11501

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