scholarly journals Possibilities of Social Bonds Using to Finance Higher Education Institutions

2022 ◽  
pp. 295-313
Author(s):  
Natalia Konovalova
Keyword(s):  
Higher Education ◽  
Large Scale ◽  
Social Impact ◽  
Financial Institution ◽  
Social Bonds ◽  
Higher Education Institutions ◽  
Economic Effect ◽  
Financial Instruments ◽  
Social Impact Bonds ◽  
Additional Funding

AbstractIn many countries, funding for higher education institutions is insufficient and requires the search for new financial instruments and financing models. One such financing model could be the issuance of social impact bonds aimed at improving the efficiency of higher education institutions. The study focuses on the use of financial instruments as social bonds for additional funding of higher education institutions. The peculiarities of social bonds and the possibilities of their application in the field of higher education are explored in the paper. The results of the study comprise three proposed innovative approaches to the development of a mechanism for the issuance of bonds. The first approach assumes that the issuer of social bonds in favour of the university is a bank or other financial institution. The second approach is based on the methodology of issuing social bonds by a university with the participation of the state. The third approach to the use of social bonds is the creation of a platform for financing long-term educational programs; it can be done with the participation of a large company implementing large-scale socio-economic projects. Such platform will have a great social and economic effect.

scholarly journals Cloud-Based Education As a Service (CEAAS) System Requirements Specification Model of Higher Education Institutions in Industrial Revolution 4.0

2019 ◽  
Vol 8 (2S8) ◽  
pp. 1382-1386 ◽  
Keyword(s):  
Higher Education ◽  
Data Exchange ◽  
Large Scale ◽  
Production Efficiency ◽  
Industrial Revolution ◽  
Higher Education Institutions ◽  
Requirements Specification ◽  
Scale Production ◽  
Research And Innovation ◽  
System Requirements

In today’s higher education institutions (HEIs), intelligentization and digitization of education process are greatly required. Production industries are presently making changes from large-scale production to specialized or customized production. The term Industry 4.0 (IR 4.0) represents the fourth industrial revolution; the present movement or inclination of automation and data exchange and sharing in manufacturing technologies with the main aim of satisfying the individual customer desire and needs. The quick progressions in production technologies and its uses in the industries enhance production efficiency and change the workplace from tasks-based to the human-focused features. Higher education in the IR 4.0 (HE 4.0) is a complex, intricate and intriguing opportunity which has the potential to change the society for the better. The convergence and integration of man and machine will decrease the subject distance between social science and humanity and also technology and science. This will definitely need in-depth and diverse interdisciplinary teaching, research and innovation. Cloud computing (CC) as an IR 4.0 contributing technology, provides a novel means of educating people that will ultimately disrupt the present HEIs systems. Cloud-based education as a service in the era of fourth industry (CEaaS 4.0) can deliver education services in the shortest, most effective, and best affordability. The aim of this study is to propose a CEaaS system requirements specification (SRS) model that includes functional and non-fictional requirements; aligned with IR 4.0, the next industrial revolution.

scholarly journals FINANCIAL INSTRUMENTS AND SOCIAL AND ENVIRONMENTAL RESPONSIBILITY: INTERNATIONAL PRACTICE AND PERSPECTIVES OF IMPLEMENTATION IN UKRAINE

2021 ◽  
pp. 7-13
Author(s):  
Ihor Alieksieiev ◽  
Andriana Mazur ◽  
Kateryna Huryn
Keyword(s):  
Social Impact ◽  
Developed Countries ◽  
Environmental Responsibility ◽  
Financial Instruments ◽  
Current State ◽  
The World ◽  
Social Impact Bonds ◽  
Analysis And Synthesis ◽  
Environmental Development ◽  
Prospects Of Application

Introduction. The effective transition to social and environmental oriented economy is based on numerous factors. In many countries, financial correction is taking place, the main mechanism of which is the transformation of the economy into a new format. Financial intermediation based on the principles of social and environmental financing can have a significant impact on overall progress. Purpose. The purpose of the article is to assess the current state of the Ukrainian financial market within the level of implementation of the studied tools for the possibility of improving the state of social and environmental responsibility. Methodology.During the study, the following methods were used: dialectical method and methods of analysis and synthesis – to study the main options for social and environmental development of the country based on the use of financial instruments that are actively and successfully used by developed countries; statistical method – to analyse of monthly volumes of issue of "green" bonds in the world; structural and logical analysis – to study projects implemented in Ukraine in conjunction with IFC. Results. The application of financial instruments, such as "green bonds", social impact bonds and "green banking", in international practice to increase the level of social and environmental responsibility has been studied. The prospects of application of the researched financial instruments in Ukraine in the context of financing the projects of sustainable development are estimated.

scholarly journals Social Impact Bonds: Development Prospects in the Russian Federation

2020 ◽  
Vol 14 (2) ◽  
pp. 91-100
Author(s):  
D. G. Mirakyan
Keyword(s):  
Budget Deficit ◽  
Social Impact ◽  
Social Issues ◽  
Social Bonds ◽  
Social Programs ◽  
State Budget ◽  
Social Impact Bonds ◽  
The Usa ◽  
The Russian Federation ◽  
Development Prospects

Amid the state budget deficit, there is a problem of financing social projects. In this regard, new sources of extrabudgetary funding for social issues need to be sought. Financial instruments capable of implementing various social programs include social bonds. This study identifies the main characteristics of social impact bonds (SIB): fundamental principles, mechanism of work. The current work describes the practice of implementing social impact projects on education, poverty, ecology, etc., presenting the experience of the USA and several European countries. This study analyses Russia’s present state and prosperities in the development of SIB projects. The research defines the unique catalyst-funds role in processes of impact investment, as well as the suitability of their creation in Russia. The author analyses opportunities and likely risks from social impact projects realization.

scholarly journals COVID-19: ПРОБЛЕМИ ТА ПЕРСПЕКТИВИ ІНТЕРНАЦІОНАЛІЗАЦІЇ ЗВО

2020 ◽  
Vol 147 (3) ◽  
pp. 11-22
Author(s):  
Іван Михайлович Грищенко ◽  
Олена Павлівна Кизимчук ◽  
Олег Олександрович Шевченко
Keyword(s):  
Higher Education ◽  
Large Scale ◽  
Online Courses ◽  
Higher Education Institutions ◽  
Education Institution ◽  
Critical Element ◽  
Academic Mobility ◽  
Depth Analysis ◽  
Virtual Mobility ◽  
Research Findings

The article seeks to discuss the issues of internationalization for higher education institutions that arose with the COVID-19 coronavirus pandemic, in particular, the suspension of both student and staff academic mobility. However, academic mobility is the fundamental premise for the internationalization of higher education where students who cross borders with the desire to change their lives and the strive for better prospects are the most critical element of this mobility. The mobility of all the education process participants has become an important driver in ensuring and promoting education transparency and the access to quality education for everyone. In fact, within the past six months, prospective students are increasingly changing their intentions to study abroad, or defer their enrolment plans for subsequent years. The aim of this paper is to explore possible solutions for further implementation of internationalization principles into all university's activities framework under the quarantine and post-quarantine period. The research findings from the in-depth analysis of a range of higher education institution performances have revealed that one of the most promising areas to enhance university internationalization is a shift from actual to virtual mobility which is based on communication within the information and educational environment. In particular, the design of new competitive online courses in English and their large-scale promotion on the international market is another priority objective for internationalization during the quarantine. Apparently, University positioning in a virtual environment is a crucial factor to build attractiveness and competitiveness of higher education institutions in the global settings.

scholarly journals Sustainability Practices of Higher Education Institutions in Hong Kong: A Case Study of a Sustainable Campus Consortium

2020 ◽  
Vol 12 (2) ◽  
pp. 452 ◽  
Author(s):  
Weiyan Xiong ◽  
Ka Ho Mok
Keyword(s):  
Higher Education ◽  
Sustainable Development ◽  
Hong Kong ◽  
Public Universities ◽  
Social Impact ◽  
Higher Education Institutions ◽  
Negative Consequences ◽  
The Sustainable Development ◽  
External Impact ◽  
Sustainability Practices

Eight University Grant Committee (UGC)-funded public universities in Hong Kong positively and successfully responded to the global call for sustainability efforts in higher education institutions (HEIs). Various initiatives are transpiring within these eight campuses. The Hong Kong Sustainable Campus Consortium (HKSCC) was co-established by eight UGC-funded universities, which is an excellent example of integrating resources and efforts to achieve sustainable development goals and exert positive social impacts. Through interviews with HKSCC administrators and members and reviewing relevant documents, this study aims to examine the roles and challenges of HKSCC toward Hong Kong HEIs’ sustainability efforts, and present the good practices and achievements of HKSCC. Findings of this study reveal that although HKSCC and each UGC-funded university contribute in reaching the sustainability goals, they should pay considerable attention to the external impact of sustainability practices on communities and society. Moreover, we propose that the sustainable development of public universities in Hong Kong should look beyond the narrowed definition of sustainable development and broaden their roles to exert a social impact by addressing the negative consequences of the massification, privatization, and internationalization of higher education.

scholarly journals Factors Affecting the Enrolment Rate of Students in Higher Education Institutions in the Gauteng province, South Africa

2016 ◽  
Vol 53 (1) ◽  
pp. 64-80 ◽  
Author(s):  
Mpho Joyce Matsolo ◽  
Wilson C Ningpuanyeh ◽  
A Sathiya Susuman
Keyword(s):  
Higher Education ◽  
South Africa ◽  
Large Scale ◽  
Higher Education Institutions ◽  
Secondary Data ◽  
Household Survey ◽  
Drop Out ◽  
Gauteng Province ◽  
Enrolment Rate ◽  
Factors Affecting

The purpose of this research is to investigate and analyse higher education institutions’ enrolment and drop-out rates within the Gauteng province, South Africa. Large-scale secondary data from the General Household Survey, obtained from Statistics South Africa (2012) were used. This study’s findings show that finance, orphan-hood, transport to the higher education institutions and, to a lesser extent, unplanned pregnancies, are some of the main factors that affect the enrolment rate of students. This study hopes to be useful to policy-makers, research managers and other decision-makers within the higher education (HE) landscape.

Input resources indicators in use for accreditation purpose of higher education institutions

2018 ◽  
Vol 19 (3) ◽  
pp. 176-185 ◽  
Author(s):  
Yazid Mati
Keyword(s):  
Higher Education ◽  
Large Scale ◽  
Higher Education Institutions ◽  
Prospective Students ◽  
Policy Makers ◽  
Content Type ◽  
Accreditation Standards ◽  
Key Indicators ◽  
Students Satisfaction

PurposeHigher education is a complex system that involves multiple inputs and outputs, where various activities and processes are performed. The purpose of this paper is to monitor the input resources used for executing various activities of higher education institutions. These resources are classified into three types: human resources, physical resources and financial resources.Design/methodology/approachThe author examines various national and international accreditation standards to determine their requirements for key performance indicators (KPIs) to monitor input resources. Moreover, the author uses implications proposed by previous research and best practices.FindingsA set of appropriate and generic KPIs is developed for each type of these resources leading to a total of 72 key indicators. These indicators are easy to measure, which makes them practical to be adopted by a large scale of institutions.Practical implicationsThe proposed indicators provide adequate information to administrators and policy-makers, accrediting bodies and stakeholders to identify the progress and achievements. These indicators are also used for benchmarking purposes by comparing the institution’s performance against their comparable institutions counterparts. Moreover, they are used for marketing purposes to commercialize the institution by attracting prospective students and teaching faculty in addition to increasing current students’ satisfaction.Originality/valueThe paper gives special attention to developing a set of generic KPIs for assessing the availability and quality of input resources used for carrying out various activities of higher education institutions for the aim of improving their performance and hence helping them comply with the requirements of accreditation standards.

scholarly journals РИЗИКИ СОЦІАЛЬНО-ЕКОНОМІЧНОЇ ВІДПОВІДАЛЬНОСТІ ЗАКЛАДІВ ВИЩОЇ ОСВІТИ В УМОВАХ ГЛОБАЛЬНИХ СТРУКТУРНИХ ВИКЛИКІВ ПАНДЕМІЇ COVID-19

2021 ◽  
Vol 151 (5) ◽  
pp. 8-18
Author(s):  
Валентина В. Яценко
Keyword(s):  
Higher Education ◽  
Cluster Analysis ◽  
Distance Learning ◽  
Large Scale ◽  
Higher Education Institutions ◽  
Academic Staff ◽  
Learning Performance ◽  
Risk Indicators ◽  
And Cluster Analysis ◽  
Economic Responsibility

The article seeks to explore the effects posed by the COVID-19 pandemic that triggered a global crisis in the area of education followed by drastic disruptions in the educational framework. However, a large-scale shift to distance learning via online platforms has mitigated the collapse risks in higher education and training. An emphasis is put that universities turned up almost ready for transition to remote learning in the COVID-19 settings. The research hypothesis is the statement that the implementation of monitoring of the actual level of e-learning performance and responsibility of higher education institutions enables timely response to the possible pandemic outbreaks and prompt actions to combat its severe consequences. The aim of the study is to identify risks of socio-economic responsibility for higher education institutions in the context of global structural challenges of the COVID-19 pandemic. To attain the research agenda, the following methods have been employed: factor and cluster analysis, taxonomy method, and the dendrogram technique. The factor analysis revealed the key risk indicators; the cluster analysis identified 4 clusters which group the HEIs by the degree of distance learning performance and their responsibility; the dendrogram and taxonomy approaches facilitated visualizing of the actual and acceptable low distance learning performance and the degree of responsibility in HEIs. The results of processing the online reporting of 50 higher education institutions from the "Top 200 Ukraine" ranking over 2015–2020 and the results of academic staff and student questionnaires on the Google forms platform revealed 2 groups of risk indicators for socio-economic responsibility and 4 risk clusters for higher education institutions. The highest number of the universities under study (54% (27 out of 50)) refer to Cluster 3 with low level of distance learning performance and low degree of university responsibility. The dendrogram-based visualization of the results obtained has allowed to assess the current and boundary levels of distance learning performance and responsibility in the settings of COVID-19 pandemic. In case of deterioration of epidemic situation, the monitoring of distance learning components at higher education institutions provides for making appropriate adjustments as well as contributes to developing and implementing a strategy to enhance the University economic performance and its social responsibility in the area of distance learning at under the COVID-19 pandemic.

Sign in / Sign up

Export Citation Format

Share Document