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The Efficiency of Resource Use by Higher Education Institutions in the Dnipropetrovsk Region

Author

Listed:
  • Olha Hryhorash

    (University of Customs and Finance, Dnipro, Ukraine)

Abstract

Each institution seeks to maintain its independence in the process of reorganization of higher education institutions (HEI) in Ukraine. Therefore, an important question is how effectively a higher education institution uses its available resources. The article aims to assess the efficiency of resource use by higher education institutions in the Dnipropetrovsk region. To achieve the goal, the author considers the efficiency of asset use using the ratio of HEI revenues to assets, analyzes the efficiency of non-financial assets based on the ratio of revenues from the provision of services to non-financial assets, and also studies the structure of revenues. Data for analysis were collected from financial statements published on the official websites of higher education institutions. The study results show that compared to 2022, in 2023, the volume of revenues in most HEIs did not increase as quickly as the value of their assets increased. In 2024, the indicators improved, indicating the adaptation of higher education institutions to work under martial law. The analysis of higher education institutions' revenues showed that budget allocations prevail in the financing structure of almost all analyzed institutions. Higher education institutions of the national level and pedagogical direction receive the largest share of state funds. Due to the high level of state funding, most HEIs do not need to provide paid services because their primary customer is the state. They use assets to a small extent: each hryvnia of the value of non-financial assets (fixed assets, intangible assets) in 2024 brought educational institutions from 5 to 55 kopecks in fees for the provision of services (the exception is Dnipro State Agrarian and Economic University, where the receipts of funds received as fees for services exceed the value of non-financial assets). Receiving a limited state order for the provision of educational services and scientific developments, and therefore budget funding, to stay afloat, higher education institutions are forced to look for customers for educational services and scientific developments on their own, which reduces their level of competitiveness.

Suggested Citation

  • Olha Hryhorash, 2025. "The Efficiency of Resource Use by Higher Education Institutions in the Dnipropetrovsk Region," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 33-39, March.
    • Handle: RePEc:iaf:journl:y:2025:i:1:p:33-39
    DOI: 10.33146/2307-9878-2025-1(107)-33-39
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    More about this item

    Keywords

    efficiency; non-financial assets; budget allocations; revenues from service provision; educational activities; scientific activities;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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