Evaluation of Out-of-School Education and Training Institutions in Ningxia Province, China Amid the 'Double Reduction' Policy

In recent years, the promulgation and implementation of the Double Reduction Policy have imposed many restrictions on the development of the education and training industry. This has led to layoffs, closures, and a hidden slowdown in industry growth. Studies indicate that the policy has resulted in a decrease in share prices of off-campus education and training institutions, leading to significant talent loss. However, there has been an expansion in the types of business within the industry. This study aims to examine the effects of share prices, business types, and talent changes on the development of out-of-school education and training institutions after the implementation of the Double Reduction Policy. A sample of 201 managers was recruited using convenient sampling through online surveys distributed on the Questionnaire Star platform. The data was analyzed using SPSS software, including Pearson correlation analysis and multiple linear regression analyses. The results show that share price and talent change have a significant negative impact on the development of out-of-school education and training institutions, while business types have a significant positive impact. To improve their quality, value, and competitiveness, education and training institutions should focus on increasing share prices and expanding future business development.