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Financial Efficiency Of Tertiary Education Institutions: A Second-Stage Dynamic Network Data Envelopment Analysis Method

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  • CAROLYN-DUNG T. T. TRAN

    (UNE Business School, University of New England Armidale, NSW 2351, Australia)

  • RENATO A. VILLANO

    (UNE Business School, University of New England Armidale, NSW 2351, Australia)

Abstract

The overall performance of an organization depends on the operational efficiency of different divisions in a network structure. The organization is really efficient only if each division is operating efficiently. The linkage between divisions is inherently complex and needs to be perused to provide more appropriate solutions for further improvement. Using the advanced dynamic network data envelopment analysis method, this paper investigates divisional efficiency in relation to the overall performance of tertiary education institutions in a network structure. As an illustrative case, the performance of 82 Vietnamese public universities was analyzed for the period 2011–2013. The results indicate that the financial efficiency is 0.826, while the academic efficiency is 0.782. The overall dynamic network efficiency of public universities is 0.804 which strongly correlated with academic efficiency rather than financial efficiency. The second-stage fractional regression analysis is proposed to investigate the effects of contextual factors on the efficiency of the financial division. The findings reveal that enrolment growth, central management and location influence financial efficiency. These findings suggest that more consideration has to be given to government policies by removing enrolment quotas and complicated line management in the context of Vietnamese higher education.

Suggested Citation

  • Carolyn-Dung T. T. Tran & Renato A. Villano, 2021. "Financial Efficiency Of Tertiary Education Institutions: A Second-Stage Dynamic Network Data Envelopment Analysis Method," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 66(05), pages 1421-1442, September.
    • Handle: RePEc:wsi:serxxx:v:66:y:2021:i:05:n:s0217590818500133
    DOI: 10.1142/S0217590818500133
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    Cited by:

    1. Mergoni, Anna & Soncin, Mara & Agasisti, Tommaso, 2023. "The effect of ICT on schools’ efficiency: Empirical evidence on 23 European countries," Omega, Elsevier, vol. 119(C).
    2. Carolyn‐Thi Thanh Dung Tran & Brian Dollery & Subba Reddy Yarram, 2023. "The Influence of Administrative Intensity on Efficiency: An Empirical Analysis of Australian Universities," Economic Papers, The Economic Society of Australia, vol. 42(3), pages 282-305, September.
    3. Svetlana V. Ratner & Artem M. Shaposhnikov & Andrey V. Lychev, 2023. "Network DEA and Its Applications (2017–2022): A Systematic Literature Review," Mathematics, MDPI, vol. 11(9), pages 1-24, May.

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