The impact of financial incentives and instruments on the efficiency of higher education institutions of the Republic of Kazakhstan

Issue 56, 2024

Maslikhat Zamirbekkyzy, Zhanat Bulakbay, Nurilya Kuchukova, Alem Ibrayeva, Botagoz Saparova

Received 12.01.2024, Revised 27.04.2024, Accepted 19.06.2024

https://doi.org/10.54919/physics/56.2024.84mri4

Abstract

Relevance. The relevance of the topic of research work is dictated by the development of modern society, as well as the level of its education and the level of specialists training whose knowledge and skills are in demand in the labour market.

Purpose. The purpose of the work is to study the issue of the impact of financial incentive instruments on the level of efficiency and prospects of the activities of higher education institutions of the Republic of Kazakhstan.

Methodology. The methodological procedures of the study are represented by the scientific works of many scientists and theorists, the basis of the work is the system analysis method, the assessment method of the financial investments efficiency that affect the level of operating efficiency of higher education institutions, and the update method used within the framework of this scientific work to make further recommendations on study topic.

Results. The results of the work are the recommendations formation on the issue of increasing the level of efficiency and prospects of educational institutions of the Republic of Kazakhstan, as well as the recommendations formation for improving the general professional level of graduates of these higher education institutions by determining the impact degree of financial incentives on them. The results obtained in the course of writing the research served as the foundation for making recommendations and provided grounds for the formation of a number of proposals to increase the efficiency level of higher education institutions of the Republic of Kazakhstan.

Conclusions. The study demonstrates that financial incentives and instruments significantly enhance the operational efficiency and competitive edge of higher education institutions in the Republic of Kazakhstan. By applying system analysis and financial investment assessment methods, the research offers concrete recommendations for improving the efficiency of these institutions and the professional quality of their graduates.

Keywords: education financing; investment; higher education institutions; efficiency improvement; economy

Suggested citation

Zamirbekkyzy M, Bulakbay Zh, Kuchukova N, Ibrayeva A, Saparova B. The impact of financial incentives and instruments on the efficiency of higher education institutions of the Republic of Kazakhstan. Sci Herald Uzhhorod Univ Ser Phys. 2024;(56):844-853. DOI: 10.54919/physics/56.2024.84mri4

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