“…In Bulgaria, as revealed by Tochkov, Nenovsky and Tochkov (2012), the higher education sector has the following characteristics which are quite similar to Malaysia: private and public universities (three categories of public university: research, comprehensive and teaching), high public spending of public universities, reformation to cut public higher education funding, and searching for mechanism to allocate limited public funding on higher education. Using the input of academic staff, area, library items and research funds; output of enrolled student, starting salary and unemployment rate of graduates, and a number of publications, Tochkov, Nenovsky & Tochkov (2012) found that Bulgarian public universities are less efficient as compared to private universities, and public funding of higher education is negatively related to efficiency.…”