Evaluation of internal factors affecting the financial stability of higher education organizations in Russia

Abstract

The results of the activities of higher education are determined by the quantitative and qualitative indicators of the graduation of specialists. During the period of macroeconomic instability, the success of the functioning of higher education institutions depends on several conditions, including the provision of financial resources and financial stability in the market of educational services. Based on the open data of the international university ranking (Round University Rankings) for the period 2017 - 2021 for 39 Russian state universities, using economic and mathematical methods, correlation analysis and data processing were carried out using the Chaddock scale tools. The study's findings demonstrated the degree to which internal factors impacting higher education institutions' financial stability are significant in relation to the major categories of operations. The scientific significance lies in the establishment of a correlation between the indicators chosen for the study, characterizing the results of the work of Russian universities in the main types of activities (educational, scientific and international) and the financial stability of higher education organizations, and determining on this basis the Coefficients showing the closeness of the relationship between them for each of the indicators, as well as average values (indicators) for the types of activities presented.