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Finance and Credit
 

Assessing financial and economic performance of public investments in academic excellence programs of universities

Vol. 28, Iss. 10, OCTOBER 2022

Received: 4 July 2022

Received in revised form: 1 September 2022

Accepted: 15 September 2022

Available online: 27 October 2022

Subject Heading: INVESTING

JEL Classification: B41, H52, I22

Pages: 2201–2224

https://doi.org/10.24891/fc.28.10.2201

Tat'yana N. RODENKOVA Plekhanov Russian University of Economics, Moscow, Russian Federation
Rodenkova_t@mail.ru

https://orcid.org/0000-0002-5185-3076

Ol'ga A. GRISHINA Research and Design Institute of Urban Transport of the City of Moscow, Moscow, Russian Federation
Grishina_OA@mqtnijp.ru

https://orcid.org/0000-0001-9033-8555

Elena V. ANOKHOVA Moscow Institute of Physics and Technology (MIPT), Moscow, Russian Federation
Anokhova.EV@mipt.ru

https://orcid.org/0000-0002-6811-910X

Subject. The article considers methodological tools to assess the financial and economic performance of public investments in the program of academic leadership Priority 2030.
Objectives. The aim is to assess the interdependence between the target indicators of effectiveness of development programs of universities participating in the Priority 2030 Project and the indicators of evaluating the financial and economic efficiency of their resource provision.
Methods. The study employs expert and analytical methods and methods of informal analysis, reflecting analytical procedures at the logical level, which enabled to develop a system of indicators of the effectiveness of State support to universities participating in the Priority 2030 Program, and their criteria values.
Results. Solving the task of increasing the international status of Russian universities, the State financial support for academic excellence programs should fit into regular mechanisms of per capita and program-targeted funding. The main result of this study is the integration of methodological techniques for evaluating the performance of university development programs with the system of indicators of effectiveness of State support to the Priority 2030 Project.
Conclusions. The offered tools for measuring the financial and economic effectiveness of State support to development programs of universities should be used not only for generating the general parameters of public investment in the development of the most competitive domestic universities, but also for adjusting the volume and sources of funding for organizations of higher education in Russia.

Keywords: public investment, target indicator, performance indicator, integrated assessment, State support

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