Dublin Core
Title
DETERMINANTS OF FINANCIAL SUSTAINABILITY IN ZIMBABWE’S PUBLIC UNIVERSITIES
Creator
MAXWELL CHIWODZA
TICHAONA MAPOLISA
BARBRA MBUYISA
Description
The study investigated how innovative financial resource mobilisation projects/programmes
improved the financial sustainability of Zimbabwe's public universities. Correlation and survey
research designs guided by positivist research theory were utilised. The unit of analysis was
limited to six public universities in Zimbabwe. Two hundred and twenty-nine respondents were
randomly chosen out of 1 450 employees in the separate revenue-generating units to participate
in the Rensis Likert scale questionnaire survey. Quantitative data were validated using tests for
normality, kurtosis and skewness, homoscedasticity, multicollinearity, and prior power of the
entire study model. The test findings were within acceptable limits. The multiple linear
regression model results revealed that organisational structure, cost management, financial
administration, institutional support, and own income generation all had positive coefficients,
indicating a positive relationship with financial sustainability. A negative relationship was
found between strategic planning and financial sustainability, implying that the more strategic
planning procedures implemented, the worse the financial sustainability. The alternate
hypothesis: Innovative financial resource mobilisation having no substantial effect on the
financial sustainability of Zimbabwe's public universities, was accepted. It was concluded that
the innovative financial resource mobilisation improved the financial sustainability of
Zimbabwe's public universities.
improved the financial sustainability of Zimbabwe's public universities. Correlation and survey
research designs guided by positivist research theory were utilised. The unit of analysis was
limited to six public universities in Zimbabwe. Two hundred and twenty-nine respondents were
randomly chosen out of 1 450 employees in the separate revenue-generating units to participate
in the Rensis Likert scale questionnaire survey. Quantitative data were validated using tests for
normality, kurtosis and skewness, homoscedasticity, multicollinearity, and prior power of the
entire study model. The test findings were within acceptable limits. The multiple linear
regression model results revealed that organisational structure, cost management, financial
administration, institutional support, and own income generation all had positive coefficients,
indicating a positive relationship with financial sustainability. A negative relationship was
found between strategic planning and financial sustainability, implying that the more strategic
planning procedures implemented, the worse the financial sustainability. The alternate
hypothesis: Innovative financial resource mobilisation having no substantial effect on the
financial sustainability of Zimbabwe's public universities, was accepted. It was concluded that
the innovative financial resource mobilisation improved the financial sustainability of
Zimbabwe's public universities.
Publisher
Zimbabwe Journal of Business, Economics and Management
Date
2023
Position: 15 (60 views)