Correlate of Income Diversification and Financial Sustainability of Private Tertiary Institutions as Moderated by Institutional Profile

Osei-Kuffour, Francis; Peprah, Williams Kwasi

doi:10.6007/ijarafms/v10-i3/7657

Cited by 4 publications

(4 citation statements)

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“…The findings are in tandem with previous studies which found that diversification strategies to create fiscal space such as ventures are essential alternative means of generating additional income to solve educational institutions' financial problems (Ekpoh & Okpa, 2017;Nyamewega, 2016;Amos & Koda, 2018;Adan & Keiyoro, 2018;Osei-Kuffour & Peprah, 2020) As a result, the study rejects the null hypothesis that there is no significant influence of the creation of fiscal space on financial sustainability of PSCEIs.…”

supporting

confidence: 83%

Creation of Fiscal Space for Sustainability of Private Second Cycle Institutions: The Role of Income Diversification

Kuffour¹

2021

theijbm

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Private schools around the world continue to face sustainability challenges due to limitations in fiscal space as they strive to provide top notch academic services to their customers. Some educational experts have predicted the closure of many private schools in the last few years as a result of low financial stability indicators of these academic institutions. From this state of affairs, this study sort to examine the role of income diversification in the creation of fiscal space for academic sustainability of private second cycle educational institutions. A quantitative research approach was adopted. The study made use of descriptive correlational design. Descriptive statistics based on the central tendency with SPSS and regression process by Hayes model 1 were used to analyze and interpret the data collected from 190 private second cycle educational institutions in Ghana, randomly selected out of the population of 315, to answer self-constructed questionnaire. Results showed that private second cycle educational institutions have very low levels of income diversification activities to create fiscal space. There was a positive, significant influence of creation of fiscal space on financial sustainability. The findings have implications for income diversification strategies which create fiscal space and harness institutional income levels for academic and/or financial sustainability.

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confidence: 83%

Creation of Fiscal Space for Sustainability of Private Second Cycle Institutions: The Role of Income Diversification

Kuffour¹

2021

theijbm

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“…Universities use this authority to diversify their sources of income. The more sources of higher education income, the higher the education will achieve financial sustainability (Garland, 2020; Irvine and Ryan, 2019; Osei-Kuffour and Peprah, 2020; Pittaway and Hannon, 2008) so that organizational goals are achieved and management of income-generating (MIG) goes well.…”

Section: Introductionmentioning

confidence: 99%

Internal control and financial viability: the moderating role of leadership qualities on management of income-generating activities at Indonesian higher education

Mahmud

Susilowati

Anisykurlillah

et al. 2023

JARHE

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PurposeThe implementation of income-generating still faces problems, such as the lack of well-established internal control and differences in implementation in each unit. This study aims to analyze internal controls, financial viability (FV) and leadership qualities (LQ) in the implementation of income-generating in Indonesian higher education.Design/methodology/approachThis study is quantitative and uses a causal approach. The population of this research is the unit leader and the person in charge of the activity that generates income, with a total sample of 111 people. The sampling technique used is simple random sampling. Data were analyzed using moderation regression analysis (MRA) with the WrapPLS (partial least square) analysis tool.FindingsThe results indicate that internal control and FV significantly affect the management of income-generating. The existence of LQ as a moderating variable can moderate and weaken the influence of internal controls and FV on the management of income-generating. In this finding, the unit leader and the person in charge of activities that generate income in higher education need to improve managerial skills, including ethics, uphold integrity, clear vision, quick adaption, honestly and trust so that the management of income-generating can achieve higher education goals more effectively and efficiently.Research limitations/implicationsThis research shows that universities need to create a good environment to build an ecosystem that can improve the management. The university encourages the good management by strengthening the leadership. However, the research has a limitation: the study was only conducted in one state university.Originality/valueThe implementation of income generation in the public financial management system of legal entity universities requires accountability for sources of income so that internal controls and the role of finance are needed to ensure the continuity of universities.

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“…There have been studies on electronic payment, most of which focused on its effect on financial performance and competitive advantage, also these studies covered mainly financial institutions and other technology-driven sectors (Takabe and Giadise, 2016;Oladejo and Yinus, 2015;Abaenewe et al, 2013). Few studies centered on tertiary institutions (Osei-Kuffour et al, 2020), and were mainly concerned with the reason behind its execution and factors driving the intent to use the technology. Review of extant literature revealed paucity of studies on the direct effect of EPS and the indirect effect of technological capability on financial sustainability (Salloum and Al Emran, 2018), hence, justifying the need to explore the mediating effect of technological capability on electronic payment solutions and the financial sustainability of tertiary institutions.…”

Section: Introductionmentioning

confidence: 99%

“…, 2013). Few studies centered on tertiary institutions (Osei-Kuffour et al. , 2020), and were mainly concerned with the reason behind its execution and factors driving the intent to use the technology.…”

Section: Introductionmentioning

confidence: 99%

Electronic payment system and financial sustainability of tertiary institutions in Nigeria

Madu

Onodugo²,

Isichei³

2022

AJEMS

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PurposeAddressing the challenges of financial sustainability in tertiary institutions through the adoption of technology was the central motivation of this study. Hence, the authors assessed the direct effect of the adoption of electronic payment system (EPS) on financial sustainability and the indirect mediating influence of technological capabilities on this relation.Design/methodology/approachSample of 223 non-academic employees in twelve higher institutions were selected. The authors used primary data through the use of a questionnaire for data collection. Partial least square structural equation model (SmartPLSv3) was used for the analysis of the study.FindingsThe adoption of electronic payment system was shown to have a significantly positive effect on financial sustainability of tertiary institutions. It was also found that technological capabilities affect financial sustainability of tertiary institutions and technological capabilities mediate the relationship between the adoption of electronic payment solution and financial sustainability of tertiary institutions.Practical implicationsThe study advances the need for incorporating technology as a measure in advancing the internal financial management practices of tertiary institutions in developing economies.Originality/valueThe authors developed a model that advances a new perspective to higher education financial sustainability through advocating for technological capabilities development as a channel to ensure liquidity and solvency of higher education, most especially in developing economies.

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Correlate of Income Diversification and Financial Sustainability of Private Tertiary Institutions as Moderated by Institutional Profile

Cited by 4 publications

References 0 publications

Creation of Fiscal Space for Sustainability of Private Second Cycle Institutions: The Role of Income Diversification

Creation of Fiscal Space for Sustainability of Private Second Cycle Institutions: The Role of Income Diversification

Internal control and financial viability: the moderating role of leadership qualities on management of income-generating activities at Indonesian higher education

Electronic payment system and financial sustainability of tertiary institutions in Nigeria

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