IJRRE 7 (2021) 21-28 ISSN 2056-9726 Effect of regulatory factors on the organization and management of Greek higher education institutions doi.org/10.33500/ ijrre.2021.07.003 Christos Konstantinidis* and Evanthia Rizopoulou International Hellenic University, School of Business Administration, Serres, Greece. Article History ABSTRACT Received 30 March, 2021 Received in revised form 17 April, 2021 Accepted 21 April, 2021 Keywords: Higher education institutions, Regulatory factors, Administration. Article Type: Full Length Research Article The role and operation of higher education institutions in the social life of a country as well as the influence of various regulatory factors is a matter of major importance and has frequently occupied the literature. The existence of heterogeneous regulatory factors such as asylum, funding, the institutional framework and the participation or non-participation of members in the governing consortiums, constitutes the aim of this work. The data were collected with the use of a questionnaire, while the sample of the research consisted of 101 employees in higher education institutions. The analysis was performed by using the statistical package SPSS. Correlations between the variables were estimated and the results showed that regulatory factors such as asylum, funding, members' participation in the governing consortiums and the link between excellence and institutional funding have a positive and statistically significant effect on the organization and administration of institution. ©2021 Blue Pen Journals Ltd. All rights reserved INTRODUCTION The field of education in its different levels constitutes a crucial space of heavy and special importance, as the educational process evolves within it. It is a process that aims at the collective, spiritual and moral progress of a society, through the provision of knowledge, principles and values to its youngest members, its future academic citizens. For this reason, universities are places of transmission of scientific knowledge and production of new knowledge through research and are at the service of society (Katsikas, 2007). Achieving this goal leads higher education institutions to adapt rapidly to the upgrade of their level of education always in the direction of the labor market, but without degrading the quality of knowledge provided. A typical example consists of several European countries that have emphasized the stimulation of the competitiveness of their public universities, through the strengthening of their strategic and organizational capacity (Frølich et al., 2018). *Corresponding author. E-mail address: chkons10@gmail.com. In Greece, higher education institutions maintain their democratic status through the operation of institutions and regulations from antiquity to the present day, since functional-institutional autonomy, academic freedom and financial autonomy are important privileges that establish the political independence of institutions and the expression of ideas without restrictions. For this reason, the object of this work is the study of some regulatory factors and their role in the organization and administration of universities through the existence or not of correlation between them. In the following sections, at first there is the literature review followed by the research methodology using a questionnaire with its description, the results of the statistical analysis obtained using a statistical package and finally the conclusions and the summary of the work with future research proposals. LITERATURE REVIEW It is generally accepted that the role of higher education at both national and European level has been recognized