Open AccessINVESTMENT MANAGEMENT IN HIGHER EDUCATION INSTITUTIONS / INVESTICIJŲ Į AUKŠTOJO MOKSLO INSTITUCIJAS VALDYMAS
Author(s) -
Jelena Stankevičienė,
Justina Pilelytė
Publication year - 2015
Publication title -
mokslas - lietuvos ateitis
Language(s) - English
Resource type - Journals
eISSN - 2029-2341
pISSN - 2029-2252
DOI - 10.3846/mla.2015.717
Subject(s) - investment (military) , political science , higher education , sustainability , competition (biology) , business administration , economic growth , business , economics , law , ecology , politics , biology
Recently, the higher education sector faces a series of changes, such as increased competition, globalization, limited funding. Limited funding does not reveal the full potential of the higher education, too little funding restricts research performance, diminishes the quality of higher education, worsen the conditions for learning and this has important implications for sustainable value creation. The article explores relationship between education, sustainability and financial indicators in order to evaluate the situation and advancement in the European countries, applied multi-criteria evaluation method MULTIMOORA. This method aims to prove that the more encourage investment in higher education and research, the more sustainable the state is and creates sustainable value. The results revealed that the more financially stronger and stable country is, the better position by assessing both the scientific and the sustainability indicators. Financially stable country can give higher investment in education, to promote the conduct of research, create conditions for the formation of high-quality R&D, to prepare highly qualified specialists