Towards Evaluating the Performance of Higher Education: From a Non-financial Perspective

摘要

In recent years, most of the research efforts on performance evaluation of higher education in China are barely based on the financial data, but lack of considering the non-financial data. However, evaluating the performance from non-financial perspective will be an interesting yet challenging task, due in large part to the complexity and qualitative property of the non-financial data. In this paper, we employ the multiple linear regression model for incorporating the non-financial data into the performance evaluation. Our results show that institutes of high education can increase the utilization efficiency of financial capital and thus improve the performance by controlling the scale of the school as well as optimizing both human and material resources. Therefore, our results imply that colleges and universities should pay attention to the management of human resources, the degree of utilization of material resources, and the proper control of the scale, in order to construct a better performance evaluation system at the university level.