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management of higher educational institutions (HEIs) rethink approaches to competitiveness management, including economic efficiency. The purpose of the article is to develop the system of indicators for the HEIs economic efficiency analysis and apply it to the study of Ukraine’s HEIs. The authors propose to systematize the HEIs economic efficiency indicators on the basis of the human capital theory, institutional theory, the principles of system analysis, and the main areas of HEIs activity as particular units of market economy. Thus the proposed indicators system of the universities economic efficiency is structured according to the criteria of capacity (absolute values of indicators), performance (relative values of indicators), income diversification, as well as taking into account the main HEIs stakeholders. The proposed system of indicators has been used to analyse the economic efficiency of the five Ukrainian universities, which were in The Times Higher Education World University Rankings 2018. It was found that the special status of two HEIs in the capital of Ukraine (Taras Shevchenko National University of Kyiv and National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”) provides them with additional financial support, but not always contributes to high competitiveness in terms of economic efficiency. The leaders in terms of economic efficiency are Taras Shevchenko National University of Kyiv and V. N. Karazin Kharkiv National University. These universities have different levels of state financial support, at the same time achieving close ratings by academic reputation. It is important to carry out a preliminary distribution of HEIs by types, highlighting in a special group of HEIs, which have a special research or other status in the country for a correct comparison of the HEIs economic efficiency and justification of their public financial and other types of support.
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Krupka et al. (2019) studied this question.
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