Financial Flexibility of Universities in Adaptation to Covid-19 Challenges

During the adaptation of universities to Covid-19, the problem of their financial flexibility has become crucial. The ability to react quickly during a pandemic crisis with changes of training format and educational activities, the flexibility to respond to external challenges under the scarce resou...

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Autores principales:	Yurchyshena Liudmyla, Laktionova Olexandra
Formato:	article
Lenguaje:	EN FR
Publicado:	EDP Sciences 2021
Materias:	financial flexibility universities sensitivity efficiency manoeuvrability alternativeness economy Social Sciences H
Acceso en línea:	https://doaj.org/article/46b399c6672148c3a6fa520fc54d416c
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spelling	oai:doaj.org-article:46b399c6672148c3a6fa520fc54d416c2021-12-02T17:16:07ZFinancial Flexibility of Universities in Adaptation to Covid-19 Challenges2261-242410.1051/shsconf/202112608003https://doaj.org/article/46b399c6672148c3a6fa520fc54d416c2021-01-01T00:00:00Zhttps://www.shs-conferences.org/articles/shsconf/pdf/2021/37/shsconf_sdppp2021_08003.pdfhttps://doaj.org/toc/2261-2424During the adaptation of universities to Covid-19, the problem of their financial flexibility has become crucial. The ability to react quickly during a pandemic crisis with changes of training format and educational activities, the flexibility to respond to external challenges under the scarce resources, maintenance of a competitive position on the market of educational services are the symptoms and implications of financial flexibility. The purpose of the article is to determine the signs of the university’s financial flexibility, which could be the basis for designing and practical application of methodological tools for evaluating the financial flexibility of universities. The concept of financial flexibility of universities is proposed as the ability of university management to generate income, restrain and optimally allocate costs, generate cash flows with constrained budget funding during the crisis, create and implement business models, implement unique valuable educational proposals. Manifestations of financial flexibility concerning state and private financing have been defined. The signs of financial flexibility, such as sensitivity, efficiency, manoeuvrability, alternativeness, economy, have been outlined. Methodical tools and indicators for the evaluation of financial flexibility have been proposed. The degree of the impact of main factors on the financial flexibility of universities is determined.Yurchyshena LiudmylaLaktionova OlexandraEDP Sciencesarticlefinancial flexibilityuniversitiessensitivityefficiencymanoeuvrabilityalternativenesseconomySocial SciencesHENFRSHS Web of Conferences, Vol 126, p 08003 (2021)
institution	DOAJ
collection	DOAJ
language	EN FR
topic	financial flexibility universities sensitivity efficiency manoeuvrability alternativeness economy Social Sciences H
spellingShingle	financial flexibility universities sensitivity efficiency manoeuvrability alternativeness economy Social Sciences H Yurchyshena Liudmyla Laktionova Olexandra Financial Flexibility of Universities in Adaptation to Covid-19 Challenges
description	During the adaptation of universities to Covid-19, the problem of their financial flexibility has become crucial. The ability to react quickly during a pandemic crisis with changes of training format and educational activities, the flexibility to respond to external challenges under the scarce resources, maintenance of a competitive position on the market of educational services are the symptoms and implications of financial flexibility. The purpose of the article is to determine the signs of the university’s financial flexibility, which could be the basis for designing and practical application of methodological tools for evaluating the financial flexibility of universities. The concept of financial flexibility of universities is proposed as the ability of university management to generate income, restrain and optimally allocate costs, generate cash flows with constrained budget funding during the crisis, create and implement business models, implement unique valuable educational proposals. Manifestations of financial flexibility concerning state and private financing have been defined. The signs of financial flexibility, such as sensitivity, efficiency, manoeuvrability, alternativeness, economy, have been outlined. Methodical tools and indicators for the evaluation of financial flexibility have been proposed. The degree of the impact of main factors on the financial flexibility of universities is determined.
format	article
author	Yurchyshena Liudmyla Laktionova Olexandra
author_facet	Yurchyshena Liudmyla Laktionova Olexandra
author_sort	Yurchyshena Liudmyla
title	Financial Flexibility of Universities in Adaptation to Covid-19 Challenges
title_short	Financial Flexibility of Universities in Adaptation to Covid-19 Challenges
title_full	Financial Flexibility of Universities in Adaptation to Covid-19 Challenges
title_fullStr	Financial Flexibility of Universities in Adaptation to Covid-19 Challenges
title_full_unstemmed	Financial Flexibility of Universities in Adaptation to Covid-19 Challenges
title_sort	financial flexibility of universities in adaptation to covid-19 challenges
publisher	EDP Sciences
publishDate	2021
url	https://doaj.org/article/46b399c6672148c3a6fa520fc54d416c
work_keys_str_mv	AT yurchyshenaliudmyla financialflexibilityofuniversitiesinadaptationtocovid19challenges AT laktionovaolexandra financialflexibilityofuniversitiesinadaptationtocovid19challenges
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Financial Flexibility of Universities in Adaptation to Covid-19 Challenges

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