Dublin Core
Title
IMPLEMENTATION OF FINANCIAL RESOURCE MOBILISATION PROGRAMMES TO
INCREASE FINANCIAL SUSTAINABILITY IN ZIMBABWE’S PUBLIC UNIVERSITIES: A
PANACEA OR A PIPE DREAM?
INCREASE FINANCIAL SUSTAINABILITY IN ZIMBABWE’S PUBLIC UNIVERSITIES: A
PANACEA OR A PIPE DREAM?
Creator
MAXWELL CHIWODZA
TICHAONA MAPOLISA
BARBRA MBUYISA
Description
The study sought to examine how innovative financial resource mobilisation
projects/programmes enhanced the financial sustainability of the public universities of
Zimbabwe. A combination of correlation and survey research design informed by the positivist
research philosophy were employed in the study. The unit of analysis was confined to six public
universities in Zimbabwe from which a sample of 229 respondents were selected through
systematic random sampling from an accessible population of 1 450 employees in the
respective revenue generating units and participated 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 model of the study. The test
results fell within acceptable values for correlation analysis and multiple regression analysis.
Quantitative data were analysed using descriptive statistics, and inferential statistics. The
Overall regression results showed that right-tailed, was F(3,164) = 12.7208, p-value = 0.000.
Since p-value < α (0.05), H0 (the null hypothesis): Innovative financial resource mobilisation
has no significant effect on the financial sustainability of Zimbabwe’s public universities, was
rejected and the alternate hypothesis accepted. It was deduced that innovative financial
resource mobilisation enhanced the financial sustainability of the public universities of
Zimbabwe. Therefore, the more the public universities implemented innovative financial
resource mobilisation programmes, the more the financial sustainability. It was recommended
that lucrative financial resource mobilisation strategies like 'grant-winning' research and
extension, provision of consultancy and advisory services, sale of merchandise in strategic
business units, bond issues financing, endowment financing, and foundations be implemented
to maintain the financial sustainability of the public universities of Zimbabwe
projects/programmes enhanced the financial sustainability of the public universities of
Zimbabwe. A combination of correlation and survey research design informed by the positivist
research philosophy were employed in the study. The unit of analysis was confined to six public
universities in Zimbabwe from which a sample of 229 respondents were selected through
systematic random sampling from an accessible population of 1 450 employees in the
respective revenue generating units and participated 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 model of the study. The test
results fell within acceptable values for correlation analysis and multiple regression analysis.
Quantitative data were analysed using descriptive statistics, and inferential statistics. The
Overall regression results showed that right-tailed, was F(3,164) = 12.7208, p-value = 0.000.
Since p-value < α (0.05), H0 (the null hypothesis): Innovative financial resource mobilisation
has no significant effect on the financial sustainability of Zimbabwe’s public universities, was
rejected and the alternate hypothesis accepted. It was deduced that innovative financial
resource mobilisation enhanced the financial sustainability of the public universities of
Zimbabwe. Therefore, the more the public universities implemented innovative financial
resource mobilisation programmes, the more the financial sustainability. It was recommended
that lucrative financial resource mobilisation strategies like 'grant-winning' research and
extension, provision of consultancy and advisory services, sale of merchandise in strategic
business units, bond issues financing, endowment financing, and foundations be implemented
to maintain the financial sustainability of the public universities of Zimbabwe
Publisher
Zimbabwe Journal of Business, Economics and Management
Date
2023
Position: 18 (59 views)