Integral Evaluation of the Investment Effectiveness into Universities Development

Tarasyev, Alexandr A.; Sudakova, Anastasia E.; Agarkov, Gavriil A.

doi:10.1016/j.ifacol.2018.11.467

Cited by 3 publications

(2 citation statements)

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“…As a result of the overview of the literature on the selected topic, we have determined that the investment activities of modern universities have been examined in previous studies (Fischer et al , 2018; Huynh, 2019; Tarasyev et al , 2018). Investment attractiveness of the regional economy in the conditions of Industry 4.0 is analyzed in the following studies: Bogoviz (2019), Karanina et al (2017), Popkova (2019), Sozinova, (2019), and Yurieva et al (2018).…”

Section: Methodsmentioning

confidence: 99%

The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0

Grabar

Koykova

Prokopenko

et al. 2019

OTH

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Purpose The purpose of this study is to substantiate the necessity and to develop the innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0. Design/methodology/approach The authors use the method of regression analysis for determining the dependence of the aggregate volume of investments (internal and external), which are attracted into the regional economy, on the volume of investments into fixed capital in the sphere of education (as the indicator of investment activities in the sphere of digital education) by the example of the regions of the Volga Federal District of the Russian Federation in 2018. Findings It is substantiated that the modern Russian mechanism of government support for investment activities of universities (including digital), which is based on such tools as norming and standardization, tax preferences and co-financing, does not allow for full implementation of the existing potential of digital universities in increasing region’s investment attractiveness in the conditions of Industry 4.0, which reduces the investment rating and volume of attracted investment resources in the regional economy – as is shown by the example of the regions of the Volga Federal District of the Russian Federation. Originality/value The determined problem could be solved by the presented innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0. It is implemented on the basis of new – for modern Russia – tools: information and consultation support for investment activities and institutional support for integrating digital universities for joint realization of the investment projects in a region. The advantage of the developed mechanism is transfer of the financial load and responsibility for the investment activities from the state to digital universities because of the creation of market stimuli for conducting these activities.

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Section: Methodsmentioning

confidence: 99%

The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0

Grabar

Koykova

Prokopenko

et al. 2019

OTH

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“…Экспертная оценка, позволяющая охарактеризовать университет на основе мнений специалистов [5], направлена на выявление качества образования, проблемных зон и перспектив развития университетов [6]. Именно оценкам экспертов вузы вынуждены уделять исключительное внимание, поскольку для улучшения своих позиций в международных рейтингах необходимо улучшать те показатели, вес которых превалирует, а в их число входит академическая репутация [7].…”

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University Academic Reputation as a Leadership Factor in the Global Educational Market

Antonova

Сущенко

2020

Vysš. obraz. Ross. (Print)

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The article discusses the university academic reputation as an indicator of its leadership in the global education services market. In the international rating systems for assessing the universities, academic reputation is one of the main indicators of status and prestige. Most higher education experts who look at the state of modern universities recognize that this factor is a key to attract the attention of the world academic community, industrial stakeholders, investors, prospective students and their parents to the university. We analyze the factors that improve university academic reputation using sources of empirical data such as QS World University Rankings database for 2017–2019 (open data analysis method), as well as the sociological research results including the opinions of experts (n = 5) (semi-structured interviews were selected as an appropriate method of data collection). The study results showed that China’s universities occupy a leading position. The key conclusion of the study is that the high academic reputation is one of the basic indicators of a university’s position in the global educational services market, but for leading universities it is a stigma reducing the need for innovation and the educational process development. BRICS Universities that create or change strategic development programme should be oriented towards achieving the leadership positions by not only institutional rankings but also subject and broad subject area rankings. This is a good indicator of the academic reputation growth for university, and it can be considered as a qualitative result of its goals and efficiency achieving in general.

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Soft Power of Higher Education as a Global Leadership Factor

2020

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Introduction. The main objectives of foreign policy of any state include the extension of its influence in the international arena. In the era of information and knowledge, one of the most effective tools for this task is soft power of education. In this respect, education is seen as a promising soft power instrument, which long-term character allows a country to promote not only its cultural, scientific and technological achievements, but also its cultural values and norms of social organisation. Today, universities are also seeking to strengthen their positions in global education rankings, which are used to define the status and reputation of a particular university in the global market of educational services. This ranking serves as a guide for future students and their parents, when choosing a prestigious education location and when developing individual career paths.The aims of the present research are the following: to analyse soft power of higher education as a soft power mechanism, which allows a country to achieve and maintain leadership positions in the international arena; to specify conditi ons, factors and barriers that determine the position of universities in global ranking systems.Methodology and research methods. The methodological framework is based on the concept of soft power and the theory of internationalisation of higher education. The empirical study was conducted following the tradition of qualitative sociological research. In 2018, a series of semi-structured interviews was conducted among Ural Federal University employees, whose responsibilities were related to the promotion of the university on the global educational market. The Ural Federal University (UrFU) can be considered representative in terms of practices aimed at attracting foreign students to the BRICS countries. In addition, UrFU is a place where the concept of a network BRICS University was realised in 2017. A total of 5 expert interviews were conducted. The collected data were analysed in the context of the World Bank statistics on the money spent by the BRICS countries on education and R&D during the 1999–2015 period (% of GDP), as well as the data provided by the QS World University Rankings – 2019 to analyse the reputation of BRICS universities.Results and scientific novelty. The case study of Ural Federal University allowed the authors to consider the specific practices of BRICS zones for attracting foreign students. The authors analysed the specifics of actions taken by a university to promote its international leadership positions in the international space on the example of students from China. It is shown that the role of global ranking systems (institutional and faculty) in the choice of a university is steadily growing. At the same time, factors determining the attractiveness of the Ural Federal University for foreign students, in particular for Chinese students, include a reasonable level of tuition, the quality of the education and the formed ethnic social networks. For them, the Russian education is expected to be a factor in achieving a higher social status in their home countries. This demonstrates the effective role of education as a soft power instrument, although in the long-term perspective. The authors identified a number of findings concerning the barriers faced by Russian universities on the way to recognising them as global actors of higher vocational education. It is possible to enter the Top 500 best world universities; however, the task of maintaining the achieved position in global rankings is more complicated and cannot be completed without a steady increase in the performance over several years. A world-class university should attract gifted youth, qualified teachers and researchers. The reduction in the number of talented people and research results leads to the loss of geopolitical mission by the educational organisation. Inadequate funding may prevent universities from breakthrough and sustainable improvement of their reputation.Practical significance. The research findings might be useful for managers of higher education and for strategists involved in positioning and making forecasts of educational institutions development. Also, the present findings can be applied by specialists engaged in the issues of educational policy, distribution of public investments, as well as the issues of international interaction and competition between states in order to realise national interests and support national economy in the country in the long term.

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Integral Evaluation of the Investment Effectiveness into Universities Development

Cited by 3 publications

References 10 publications

The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0

The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0

University Academic Reputation as a Leadership Factor in the Global Educational Market

Soft Power of Higher Education as a Global Leadership Factor

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