System Engineering and Productivity

System Engineering and Productivity

A Paradigm Model for Improving Financial Efficiency and Budgeting Development in Education Using Grounded Theory

Document Type : Research Paper

Authors
1 Corresponding author: Assistant Professor, Department of Accounting and Economics, Faculty of Management, Economics and Accounting, University of Hormozgan, Bandar Abbas, Iran
2 Assistant Professor, Department of Accounting and Economics, Faculty of Management, Economics and Accounting, University of Hormozgan, Bandar Abbas, Iran
Abstract
Each year, considerable financial resources are allocated to the education of students. The enhancement of educational productivity not only contributes to economic and social development, but also facilitates the optimal training of efficient and creative human resources, which can subsequently lead to the advancement of country. The aim of this study is to provide a model for improving financial efficiency and budget development in education. The research is qualitative and was conducted using Grounded Theory. The statistical population consisted of experts in the research field, and they were purposefully sampled. A semi-structured interview was used as the data collection tool. The study is divided into two parts. The first part of the study attempts to extract a paradigm model using Grounded Theory to improve financial efficiency and budgeting development in education. The model includes causal and background factors, intervention conditions, dimensions of financial efficiency, and consequences of improving financial efficiency and budgeting development. It also highlights the most important concepts in these fields. The second part aims to extract and rank executive, basic, and research solutions to improve financial efficiency and budget development. This will be achieved by drawing on the experiences of other countries and using the research paradigm model. According to the research paradigm model, achieving financial efficiency and an appropriate budgeting system in education requires a coherent program with consistent monitoring and evaluation, as well as organizational insight beyond the mission, goals, and tasks.

Highlights

  • Improving financial efficiency in education is a solution to face the lack of resources in this field.
  • In order to achieve the goals, it is necessary to have a consistent program with a homogenous monitoring and evaluation system.
  • Improving the budgeting system increases the effectiveness of education programs.

Keywords

Copyright ©, Mostafa Shamsoddini, Esmaeil Akhlaghi Yazdinejad

 

License

This article is released under the Creative Commons Attribution (CC BY 4.0) license. Anyone is free to copy, share, translate, and adapt this article for any purpose, whether commercial or non-commercial, as long as proper citation is given to the authors and original publication.

    Abbas Pour, A., & Yazdani, R. (2017). Designing a model for the allocation of non-personnel financial resources in education with the approach of justice in education (reducing inequalities, removing deprivation). Journal of Research in Management and Accounting19(3), 83-94. (In Persian).
    Albon, S. P., Iqbal, I., & Pearson, M. L. (2016). Strategic planning in an educational development centre: Motivation, management, and messiness. Collected Essays on Learning and Teaching9, 207-226. DOI: https://doi.org/10.22329/celt.v9i0.4427
    Alexander, K., Salmon, R. G., & Alexander, F. K. (2014). Financing public schools: Theory, policy, and practice. Routledge.
    Alkubaisi, H., & Rasool, N. (2020). Financing higher education in Arab countries: Challenges, constraints and solutions. Journal of Education and Training Studies8(8), 38-54. DOI: https://doi.org/10.11114/jets.v8i8.4708
    Atmaja, D. S., Zaroni, A. N., & Yusuf, M. (2023). Actualization of performance management models for the development of human resources quality, economic potential, and financial governance policy in Indonesia ministry of education. Multicultural Education9(01), 1-15.
    Azvaji, A., & Dadashi, S. (2011). Analysis of labor productivity level in Iranian economy, challenges, opportunities and approaches. Work and Society133, 16-38. (In Persian).
    Baker, B. (2022). Toward equitable and adequate financing of US public schools. Revista de Financiamento da Educação12(34), 1-21. DOI: https://doi.org/10.22491/2236-5907127160
    Becerik-Gerber, B., Lucas, G., Aryal, A., Awada, M., Berges, M., Billington, S. L., ... & Zhao, J. (2022). Ten questions concerning human-building interaction research for improving the quality of life. Building and Environment226, 109681.
DOI: https://doi.org/10.1016/j.buildenv.2022.109681
    Bray, T. M. (2002). The costs and financing of education: Trends and policy implications. Asian Development Bank & CERC, University of Hong Kong.
    Chapman, B., & Doris, A. (2019). Modelling higher education financing reform for Ireland. Economics of Education Review71, 109-119.
DOI: https://doi.org/10.1016/j.econedurev.2019.04.001
    Chindengwike, J. (2022). The influence of value added tax revenue on private domestic investment in developing countries. Journal of Global Economy18(4), 289-310.
    Elasmay, M. M. (2021). Japan's education system, and its financing. Sohag University International Journal of Educational Research4(4), 1-6. DOI:  https://doi.org/10.21608/suijer.2021.174765
    Ginting, N. (2020). Equity and equality in education financing. Proceeding International Seminar of Islamic Studies1(1), 209-216.
    Hairon, S. (2021). Overview of education in Singapore. International Handbook on Education in South East Asia, 1-31.
    Hapompwe, C., Asif Mahbub Karim, F., & Kambikambi, T. (2020). An empirical evaluation of public secondary schools’ education financing and its impact on service quality in Lusaka, Zambia. African Journal of Education and Practice6(2), 13-32.
    Hedayati, F., & Naji, M. (2020). A systematic pattern of fundamental transformation in education from the point of view of the Supreme Leader. Survey in Teaching Humanities5(16), 12-21. (In Persian).
DOR: https://dor.isc.ac/dor/20.1001.1.27172260.1398.5.16.2.4
    Hidayah, A., & Syahrani, S. (2022). Internal quality assurance system of education in financing standards and assessment standards. Indonesian Journal of Education (INJOE)2(3), 291-300.
    Jafari, S., Esfandiari, M., & Pahlavani, M. (2022). Investigating the reasons for the difference in total factor productivity between east and west Asia with emphasis on institutions, human capital and relative backwardness. Planning and Budgeting27(3), 109-140. (In Persian).
DOI: http://dx.doi.org/10.52547/jpbud.27.3.109
    Jiakui, C., Abbas, J., Najam, H., Liu, J., & Abbas, J. (2023). Green technological innovation, green finance, and financial development and their role in green total factor productivity: Empirical insights from China. Journal of Cleaner Production382, 135131.
DOI: https://doi.org/10.1016/j.jclepro.2022.135131
    Karimi HajiKhademi, F., & Heidari Pour, K. (2020). Confrontation of tradition and modernity in modern education. Ourmazd Research Journal51(2), 49-69. (In Persian).
Khan, S., & Abdullah, N. N. (2019). The impact of staff training and development on teachers’ productivity. Economics, Management and Sustainability4(1), 37-45.
DOI: https://doi.org/10.14254/jems.2019.4-1.4
   Kurul, N. (2012). Turkey under AKP rule: Neoliberal interventions into the public budget and educational finance. In Neoliberal Transformation of Education in Turkey: Political and Ideological Analysis of Educational Reforms in the Age of the AKP (pp. 83-94). Palgrave Macmillan US.
Lecours, A., Béland, D., Tombe, T., & Champagne, E. (Eds.). (2023). Fiscal Federalism in Canada: Analysis, Evaluation, Prescription. University of Toronto Press.
   Linna, P., Pekkola, S., Ukko, J., & Melkas, H. (2010). Defining and measuring productivity in the public sector: Managerial perceptions. International Journal of Public Sector Management23(5), 479-499.
DOI: https://doi.org/10.1108/09513551011058493
    Marginson, S. (2018). Global trends in higher education financing: The United Kingdom. International Journal of Educational Development58, 26-36.
DOI: https://doi.org/10.1016/j.ijedudev.2017.03.008
    Naderi, A. (2016). Education finance. Tehran University Press. (In Persian).
    Noraniazad, S., Kamani, M. H., & Keshavarz, F. (2022). Investigating the validity of Wagner's law and performance-based budget reform in public expenditure of selected Asian countries. Planning and Budgeting26(4), 123-154. (In Persian).
DOI: https://doi.org/10.52547/jpbud.26.4.123
    Pinto, J. M. D. R. (2022). The education system of Brazil: Financing of education in Brazil. In The Education Systems of the Americas (pp. 265-289). Springer International Publishing.
DOI: https://doi.org/10.1007/978-3-030-41651-5_12
    Rasteh Moghadam, A., & Naderi, A. (2015). Introduction of financial models using to extract lessons for higher education in Iran. Iranian Higher Education7(2), 113. (In Persian).
    Ritzen, J. M., Van Dommelen, J., & De Vijlder, F. J. (1997). School finance and school choice in the Netherlands. Economics of Education Review16(3), 329-335.
DOI: https://doi.org/10.1016/S0272-7757(96)00078-7
    Rowe, E., & Perry, L. B. (2020). Private financing in urban public schools: Inequalities in a stratified education marketplace. The Australian Educational Researcher47(1), 19-37.
DOI: https://doi.org/10.1007/s13384-019-00328-0
    Sabri, M., Wijekoon, R., & Rahim, H. (2020). The influence of money attitude, financial practices, self-efficacy and emotion coping on employees’ financial well-being. Management Science Letters10(4), 889-900.
DOI: https://doi.org/10.5267/j.msl.2019.10.007
    Setiawan, W. A. (2018). Differences of education systems in developed and developing countries curriculum, educators and financing in Indonesia and Finland. Didaktika Religia6(1), 139-152.
    Shaabani, A. (2020). Responsibilities and duties of education authorities and managers and teachers in front of students' activity. Ourmazd Research Journal50(2), 27-60. (In Persian).
    Tapia, C. E. F., González, M. D. C. P., Ávila, F. J. M., & Cevallos, K. L. F. (2022). The determining factors of productivity and competitiveness from the perspective of territorial and sustainable development. Revista Iberoamericana de Estudios de Desarrollo = Iberoamerican Journal of Development Studies11(2), 312-337.
DOI: https://doi.org/10.26754/ojs_ried/ijds.695
    UNESCO. (2017). Ensuring adequate, efficient & equitable financing in schools. Education Thematic Brief, UNESCO Asia-Pacific.
    Werner, J., & Shah, A. (2006). Financing of education: Some experiences from ten European countries. Institute of Local Public Finance, Langen, Working Paper, (2-2006).
    West, A., & Ylönen, A. (2010). Market‐oriented school reform in England and Finland: School choice, finance and governance. Educational Studies36(1), 1-12.
DOI: https://doi.org/10.1080/03055690902880307
    Zabidi, Z. M., & Adams, D. (2022). Education transformation in Malaysia: Equity, funding, and strategic partnership. In Education in Malaysia (pp. 234-247). Routledge.
Volume 4, Issue 1 - Serial Number 10
Serial No. 10, Spring Quarterly
Spring 2024
Pages 71-83

  • Receive Date 05 March 2024
  • Revise Date 24 May 2024
  • Accept Date 18 June 2024
  • First Publish Date 20 June 2024
  • Publish Date 20 June 2024