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Formación universitaria

On-line version ISSN 0718-5006

Abstract

ZUNIGA-JARA, Sergio; SJOBERG-TAPIA, Oscar; ROJAS-GUERRA, Jacobo  and  VALENZUELA-CORTES, Tamara. Determining factors for value creation in Chilean universities. Form. Univ. [online]. 2020, vol.13, n.6, pp.3-12. ISSN 0718-5006.  http://dx.doi.org/10.4067/S0718-50062020000600003.

The purpose of the present study is to make value creation estimates and discuss their most influential factors in 55 Chilean universities. This study includes Chilean public universities, private universities (G-9 network), and private universities created after the 1981 Chilean university reform. The framework is the higher education law (No. 21,091) enacted recently in Chile, which raised concerns about Chilean higher education quality and public spending efficiency. The traditional Stern formula is applied with minor adaptations. The results show that all types of Chilean universities lost value. In addition, the best predictor of performance is university size, but with an inverse sign. It is concluded that the largest universities are, statistically, the universities that have the most destruction of value.

Keywords : economic value; university management; higher education; performance.

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