Measurement of financial efficiency and productivity of Turkish Public Universities by using non-parametric methods

Abstract

Purpose The purpose of this paper is to measure the financial efficiency and productivity of 23 public universities founded in 1992 in Turkey over the period between 2004 and 2013. The results obtained will provide managerial information and act as a guide to public universities’ administrations, in using their resources more effectively. Design/methodology/approach Data envelopment analysis is applied to assess the relative financial efficiency of these universities, while Malmquist total factor productivity index is used to measure the total factor productivity change concerning financial inputs of the universities. Findings The number of financially efficient universities and the number of universities showing an increase in their productivity according to their financial inputs change annually and both of them display a rough trend over the years. A decrease of about 5 percent in the financial productivity of the universities is observed which stems from a technological recession. Therefore, public universities in Turkey are not able to develop effective policies to diversify, increase and use their financial resources. Originality/value When the lack of studies within the literature measuring the financial efficiency of higher education institutions is taken into account, this study can fill a gap in this area. The analyses conducted here distinguish from existing studies on this subject with regards to the extent and diversity of financial data set and the measurement of both efficiency and productivity change of universities considering financial inputs concurrently.

Determinants of corporate social responsibility disclosure

“…The majority of authors emphasize that in the face of global competition and the rapidly changing business environment, it is impossible to maintain a competitive advantage without implementating CSR. But the primary goal of business activity is profitability and economic development, in which its impact on society and the quality of life cannot be ignored (Günay & Dulupçu, 2019).…”

Türkiye'deki Araştırma Üniversitelerinin Üçüncü Misyonlarının Değerlendirilmesi

“…Efficiency is a measurement tool that assesses how well a company's or organization's actions are linked with its strategic goals (Weihrich & Koontz, 2005). In particular, efficiency is a critical issue for people in charge of public services, and especially university efficiency, has gotten a lot of attention in the last several decades in three main contexts: financial efficiency (Günay & Dulupçu, 2019;Kuo & Ho, 2008;Tran & Villano, 2018); teaching efficiency (Agasisti & Bonomi, 2014;Abbott & Doucouliagos, 2003;Barra & Zotti, 2016;Mikušová, 2017;Baysal et al, 2005;Yeşilyurt, 2009), and research efficiency (Johnes & Yu, 2008;Johnes & Johnes, 1995;Munoz, 2016;Ng & Li, 2000;Günay & Yüksel-Haliloğlu, 2018;Karacabey, 2001).…”

Factors Affecting Firm Efficiency Of Manufacturing Companies Listed In Indonesia Stock Exchange

“…In a general sense, efficiency is defined as the quality of being able to do task without wasting time, space or energy and making things more efficient and relevant. Efficiency is also defined as performance that determines the level of conformity with the goals and targets of the activities carried out by the company or organization to achieve strategic goals and objectives (Günay & Dulupçu, 2019). Efficiency is used to assess how well the company utilizes its assets to generate revenue (Alarussi and Alhaderi, 2018).…”

“…Productivity is the ability of an organization to use fixed assets to generate more sales, thereby generating more returns. Productivity can show how well a company or organization uses its resources when producing goods and services (Günay & Dulupçu, 2019). The fixed asset turnover ratio is one of the productivity measurement ratios, which is to determine the effectiveness in generating net sales income from investments in net properties (Alarussi, 2021).…”