Funding-Model Changes at Hungarian Universities: Greater Autonomy?
By Balázs Szent-Iványi, Aston University, Birmingham and András Tétényi, Corvinus University of Budapest
This article examines financial aspects of the recent funding-model changes at Hungarian universities, using Corvinus University of Budapest (CUB) as a case study. Although the broader political implications of these funding-model changes have received much media attention, discussions about their potential financial impacts have been sidelined. We argue that the funding-model change in the case of CUB would allow the university to increase its financial resources (and thus its autonomy); however, the university would need to actively manage the investment portfolio of its endowment.