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Analysis of the Value Creation in Higher Institutions: A Relational Perspective

Author

Listed:
  • Raquel SÁNCHEZ-FERNÁNDEZ

    (University of Almería, Spain)

  • M. Ángeles INIESTA-BONILLO

    (University of Almería, Spain)

  • Walesska SCHLESINGER-DÍAZ

    (University of Zulia, Venezuela)

  • Pilar RIVERA-TORRES

    (University of Zaragoza, Spain)

Abstract

Despite the growing interest in value creation, a review of the relevant educational literature reveals that there is no generally accepted and empirically confirmed relational model of the student value creation process. This paper contributes in this way, analyzing several antecedents and consequences in the value creation process between graduates and their universities. We therefore study the effects of the quality of the student-professor interaction, trust, and university image on student perceived value. Moreover, we analyze the impact of perceived value on student satisfaction and loyalty. An empirical study was carried out in order to test the proposed theoretical model. The findings provide relevant academic and managerial implications for strategic decisionmaking at universities.

Suggested Citation

  • Raquel SÁNCHEZ-FERNÁNDEZ & M. Ángeles INIESTA-BONILLO & Walesska SCHLESINGER-DÍAZ & Pilar RIVERA-TORRES, 2010. "Analysis of the Value Creation in Higher Institutions: A Relational Perspective," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 10(10(551)), pages 25-36, October.
  • Handle: RePEc:agr:journl:v:10(551):y:2010:i:10(551):p:25-36
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    Cited by:

    1. Manoj Kumar Sharma & R. C. Sharma, 2021. "Innovation Framework for Excellence in Higher Education Institutions," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 141-155, June.

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