Abstract

MARINO-AREVALO, Andrés  and  MUNOZ-MARTINEZ, Ivonne Tatiana. Adaptation Proposal of Economic Value Added Methodology Applied to Ten Higher Education Institutions in Colombia. Finanz. polit. econ. [online]. 2024, vol.16, n.1, pp.215-242.  Epub May 31, 2024. ISSN 2248-6046.  https://doi.org/10.14718/revfinanzpolitecon.v16.n1.2024.9.

The purpose of this work is to propose an adaptation of the Economic Value Added methodology (EVA) to be applied in Higher Education Institutions -HEIs- in Colombia, for which its calculation was carried out in ten (10) IES on the period 2019-2021. The results, once the adaptation and calculation have been carried out, show that nine of the ten HEIs analyzed in the three years studied destroy value, and to cover the high cost of operating capital obtained, they require generating between 2 and 17 times more than the equivalent of their respective operational surpluses. This leads us to ponder on the importance of proposing adaptations to the calculation of financial indicators specific to the sector in order to improve financial management and have greater basis elements for making correct and timely decisions.

Keywords : higher education institutions; EVA; financial management; education management.

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