我国民办教育“合理回报”政策变迁及其研究综述

"Reasonable Return" Policy Changes and an Overview of Research in China's Minban Education

我国民办教育的实践倒逼着"合理回报"政策的变迁。从政策走势看来,民办教育将走向营利性和非营利性学校分类管理的格局。分类管理也是"合理回报"问题在法律设计上的解决路径。薛娈立认为民办高等教育的"合理回报"应由无风险回报和风险补偿回报两部分组成。赵彦志运用教育内部收益率方法估算了民办高等教育"合理回报"水平。"合理回报"研究将从法学、经济学、财会管理学等视角下的研究进入投资风险与收益、政府监管体系和教育债券或公益教育基金等新的研究方向。

The practices of China Minban Education have pushed the transition of China ＂＇Reasonable Return＂ policy. Education activities would be distinguished between for-profit and not-for-profit purposes. Xue Luanli pointed out that ＂Reasonable Return＂ has riskless and risk premium. Zhao Yanzhi applied education inner return rate to estimate ＂Reasonable Return＂. Research on investment risk and return, government supervision systems and government education bills or nonprofit education foundations will be the new research fields in the future to replace the present research on ＂Reasonable Return＂ of Minban education in China.