鲍威_扩招后我国高等院校财务特性与贷款融资行为的实证研究.docVIP

扩招后中国高等院校贷款融资行为与财务运作特征 An Empirical Analysis of the Financial Characteristics and Borrowing Behavior of University in China after the Rapid Expansion 鲍威 （北京大学教育学院/教育经济研究所，100871） 摘要：1999年以后，随着我国高等教育的跨越式发展，高等院校银行贷款现象推动了高等教育资金来源的多元化与市场化的趋势。贷款收入已成为继政府拨款、学杂费收入之后，我国高等院校筹措资源的第三个主要渠道。本研究采用相关数据收集分析和实地调研考察的方式，对高校贷款融资选择的成因、高校财务运作特征、负债规模与高校财务运作特征间的关联性进行了深入系统的研究。研究结果表明：（1）第一，扩招后在政府财政支持力度的减弱以及学生数量急增所导致的经费需求的急速膨胀的双重压力之下，高校举债运作是在政府政策引导下，金融机构和高等院校的共同利益契合的体现。（2）高校贷款推动了高等教育系统的再分化和机构间差距的再生产；（3）通过高校负债规模的影响因素分析发现，负债规模不仅受到高校类型、学术卓越性、学生规模的影响，同时与高校财务的健全状况之间存在着密切的联系。 关键词：高等院校、贷款融资行为、财务运作特征 ABSTRACT: Chinese higher education has undergone a dynamic development since 1999. With the tremendous expansion, the phenomenon that higher education institutions (HEIS) borrow loans has promoted the marketization of higher education financial resources. And loaning income has become the third major channel (after public budget investment, tuition fees) for HEIs to raise funds in China. This study adopting the methods of empirical research, has deeply and systematically studied the following matters: (1) borrowings of colleges and universities- discussing the reasons of borrowings operation; (2) financial characteristics of different types of higher education institutions; (3) the status and influencing mechanism of borrowings in colleges and universities. The research findings are generalized as follows: First, under the dual pressures brought by the decrease of government funding supports and an increasing need of funds resulted from the large numbers of students after college expansion of enrollment, the choice of borrowing reflects the combination of the common interests of financial institutions and HEIs under the government policy . Secondly, borrowing behavior promotes the reproduction of stratification across higher education institutions; Thirdly, based on influencing factors analysis of borrowings scales , it is found that the borrowings scale is not only influenced by the type, academic prest