Financial aspects of university social responsibility implementation

- Шофолова, Н.М. (orcid.org/0000-0002-6654-6765) (2023) Financial aspects of university social responsibility implementation International Scientific Journal “Internauka”. Series: “Economic Sciences”, 5. ISSN 2520-2294

Text (Фінансові аспекти реалізації соціальної відповідальності університетів) ФІНАНСОВІ АСПЕКТИ РЕАЛІЗАЦІЇ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ УНІВЕРСИТЕТІВ.pdf Download (450kB)

Abstract

European strategic documents of the European Higher Education Area (EHEA), strategies and institutional practices of the Great Britain universities are analysed. The author found out that modern universities implement social responsibility in internal activities by improving institutional policies and practices, and external work, developing new methods of interaction with the community and influencing society. Universities financial sustainability is one of the mandatory factors in the strategy of universities and is considered as one of the goals or activators of the development and implementation of the main aims. The connection between social responsibility, financial and environmental sustainability of universities are established. Organizational models for the implementation of social responsibility in the universities of educational, scientific and governance activities are formed in accordance with the main aspects of social responsibility defined in ISO 26000: organizational governance; human rights; labour practices; the environment; fair operating practices; consumer issues; community engagement and development. The concept of the financial mechanism for the implementation of social responsibility of higher education institutions is defined as a set of methods and tools of financial regulation implemented at the expense of financial support, measured by financial indicators and reflected in institutional policies. Methods of financial regulation are classified: direct financial support, indirect financing, methods of expenditure regulation and investment policies. The indicators for assessing the implementation of social responsibility in the financial dimension are proposed. There are staff income level, the level of satisfaction, loyalty and involvement of the main stakeholders, the indicator of financial sustainability, and efficiency of the university's investments.

Item Type:	Article
Keywords:	university social responsibility, financial sustainability, financial mechanism for the implementation of the university social responsibility, financial indicators of the university social responsibility
Subjects:	Science and knowledge. Organization. Computer science. Information. Documentation. Librarianship. Institutions. Publications > 3 Social Sciences > 37 Education > 37.01/.09 Special auxiliary table for theory, principles, methods and organization of education > 37.07 Management aspects of educational institutions Science and knowledge. Organization. Computer science. Information. Documentation. Librarianship. Institutions. Publications > 3 Social Sciences > 37 Education > 378 Higher education. Universities. Academic study
Divisions:	Institute of Higher Education > Department Interaction between Universities and Society
Depositing User:	м.н.с Пільщіков Ілля
Date Deposited:	24 Jul 2024 07:35
Last Modified:	07 Jan 2025 19:16
URI:	https://lib.iitta.gov.ua/id/eprint/741850

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