Innovative Financing of Higher Education

Panigrahi, Jinusha

doi:10.1177/2347631117738644

Cited by 10 publications

(5 citation statements)

References 1 publication

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“…A leader needs to have appropriate moral values; be highly ethical; uphold integrity, honesty, trust, vision, absolute respect, passion, commitment, compassion, justice, kindness, forgiveness, courage, love, deep listening, integration and originality multi-dimensionality and adaptability, which can moderate the FV to income-generating performance. A good leader can encourage employees to complete their financial work quickly and accurately to achieve predetermined targets can be achieved (Panigrahi, 2018). If the target is achieved, then the financial performance is good (Towett et al, 2019).…”

Section: Leadership Qualitiesmentioning

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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Section: Leadership Qualitiesmentioning

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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“…In the recent past, the involvement of private capital in the education sector increased and new innovative financing methods involving private investors were introduced [17]. The large part of such innovative financial instruments belong to the impact investing sector, an innovative financial approach that focuses on both social and financial returns of an investment.…”

Section: Digital Inequalities Social Emotional Well-being Must Generamentioning

confidence: 99%

Roadmapping New Impact Bonds in a Post-COVID World: Insights from Case Studies in the Education Sector

2021

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In the last year, COVID-19 has tested both advanced and developing economies. Within such a context, the global learning crisis is expected to increase due to difficulties in accessing technology or in receiving learning support. Such a huge need, globally identified with the Sustainable Development Goal number 4 (hereafter SDG 4), implies the need for large-scale solutions from governments around the world, especially in terms of dedicated financial resources. In this context, the impact-investing sector offers an innovative financial tool, i.e., impact bonds (IBs), which are widely applied in the education sector, even if their limitations and potentials remain unexplored in academia. Based on these considerations, our work explores whether and how IBs can contribute to funding and improving educational outcomes, with a focus on their potentials in the post-COVID world. This study adopts a qualitative approach by performing a case study analysis of four IBs. Our pilot analysis is based on the following key dimensions: (i) partnerships and contractual arrangements; (ii) financial terms; and (iii) measurement and impact. The results offer interesting insights by deriving a preliminary model on the role of IBs in the post-COVID-19 world.

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“…In a reiteration of their contribution to the institution, Rust (2012), Panigrahi (2018) pointed out that the reason why alumni association is important in the management of any school system is that their existence often increases income obtained from the association which usually greater than the cost incurred in managing them. This is why most educational institutions ensure that graduating students are registered in the association and they meet from time to time to contribute to the activities going on in the school.…”

Section: Introductionmentioning

confidence: 99%

Alumni association’s participation in plant maintenance for effective implementation of universal basic education (UBE) programme in Kogi state

Obaka,

Adelegan,

Shaibu

2024

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Purpose The level of deterioration of educational facilities, such as leaking classroom roofs, inadequate good seats, obsolete offices, broken shutters and doors, outdated school buildings, power plants and office equipment like ICT media, laboratories, offices and workshops, despite the involvement of Alumni association in the maintenance of educational facilities for the effective actualization of school objectives was a worrisome nightmare in Kogi state. This, therefore, prompted the researchers to explore the Alumni’s participation in plant maintenance for effective implementation of the universal basic education (UBE) programme in public junior secondary schools in Kogi state. The purpose of this study was guided by the research question which stated that to what extent does the Alumni Association participate in plant maintenance for effective implementation of the UBE programme in public junior secondary schools in Kogi state? Design/methodology/approach A quantitative research approach using a descriptive survey was adopted for the study. The sample was drawn using a proportionate stratified sampling technique comprising 387 participants which consisted of 191 (49%) urban junior secondary school principals and 196 (51%) rural principals in selected UBE junior secondary schools. Alumni’s Participation in Plant Maintenance Questionnaire was used as an instrument for data collection. The data were analysed with the aid of mean and standard deviation for the research question and z-test statistics at 0.05 level of significance and the value of z-crit. of 1.96 was used to determine the rejection or otherwise of the hypotheses. Findings The descriptive analysis revealed that the average mean set of 2.64 pointed to the fact that the respondents averagely agreed that there was a high extent to which Alumni participate in plant maintenance in urban than rural areas for effective implementation of the UBE programme in public junior secondary schools in Kogi state. This indicates that Alumni contribute to the management of UBE schools in Kogi state, especially in the areas of funding, infrastructural facilities, discipline, politics and quality control. This finding also shows that the contributions of the alumni to educational institutions are still unclear if they have made contributions to education in some areas and none in other areas making their relevance to plant maintenance unclear. Research limitations/implications In terms of practical implications, the study has contributed to knowledge in that it is the first of this form of a study carried out in Kogi state, and as such the findings of the research will make contributions to the physique of information on plant maintenance for the profitable implementation of the UBE programme in Kogi state. Besides, the degree of plant preservation for the implementation of the UBE programme among applicable stakeholders in Kogi state is nevertheless at a low extent. Originality/value Researchers have conducted studies that show how non-state Alumni members contribute to the administration of education across different states. Some of these studies revealed that Alumni members have assisted schools in the provision of teaching and learning materials at the senior secondary or tertiary education level. There are no sufficient studies to show how these Alumni members have contributed to the implementation of the free education programme, especially in public junior secondary schools in Kogi state and this is the gap this study intends to fill.

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Innovative Financing of Higher Education

Cited by 10 publications

References 1 publication

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

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

Roadmapping New Impact Bonds in a Post-COVID World: Insights from Case Studies in the Education Sector

Alumni association’s participation in plant maintenance for effective implementation of universal basic education (UBE) programme in Kogi state

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