Universities are facing increasing external pressures to compete for external funding and to develop mixed economies comprising both state budget funding and external sources. This study aims to provide empirical and theoretical insights by utilising the Resource Dependence Theory and the Ecology of Games Metaphor to examine how Finnish…

This mixed methods dissertation investigates the impact that cost-disaggregating tools like the Delaware Cost Study (DCS) have on the expenditure patterns at large, public research universities. It draws on public budgeting and higher education finance literature to form a theory of action that hypothesizes that expense management at such…

Thailand 4.0 is an ambitious reform strategy that seeks to offset the impact of the Thai aging population by transitioning the economy towards a knowledge-based society skilled in advanced technology. Education reforms are paramount for Thailand 4.0 to succeed; however, significant challenges exist that draw into question the capabilities and…

This chapter is intended for practitioners and scholars seeking to learn more about organizational finances. A hallmark of the U.S. higher education system is its heterogeneity. From research universities to community colleges, each institution seeks to excel in serving its respective mission. To do so, the institution must have a viable business…

US colleges and universities have long been the envy of the world. Institutional autonomy has fostered creativity among faculty, students, and staff. But this autonomy means that colleges tend to create their own solutions for every need. As a result, higher education suffers from costly redundancies that drive tuitions ever upward, putting higher…

Financial technology (fintech) is a rapidly evolving industry. As in any high-growth industry, a significant challenge is the acquisition of top talent, especially university graduates. However, most experts in this field have not been formally trained in an academic environment. Degrees in Fintech did not exist until recently. In this study, we…

Traditionally, civil servants and public officials are highly educated and have strong administrative expertise. Public financial managers have been regarded as 'guardians of the public purse', who have solid budgeting, accounting and auditing skills. However, the development of 'mega-trends' such as digitalization and e-government affect the…

The authors of this study investigate the likely influence of required or voluntary financial education on the saving behaviors of U.S. adults. They compare the results for three groups defined by different life experiences with financial education (required, voluntary, and none). Probit models estimate the effects of financial education on four…

This paper highlights the importance of considering both researcher and participant contexts when exploring everyday educational lives. It emerges during a period of increasing and sustained social inequality in England, and against a backdrop of increasingly tight research timeframes and resources in higher education. Drawing on a project…

The findings of this study suggest that while the FRR score provides a reasonable indication of financial fragility over a subsequent five-year period, the FRR score is little better than a coin flip in predicting whether a religiously affiliated higher education institution will be financially troubled enough to close within the subsequent five…

Learning centers and tutoring programs serve a unique function as they are situated between academic and student affairs. Despite their importance, little research has focused on the key knowledge, skills, abilities, and competencies required for success as learning center directors. This qualitative study addressed this gap by exploring critical…

Since the content of the Theory of Interest course in an actuarial science program is tied to an external exam, instructors may be hesitant to attempt to use inquiry-based learning. In this paper, I outline how and why I did so, including descriptions of the materials that I wrote. I found that student performance on the final exam improved…

Higher education endowments are an indispensable resource for covering escalating costs, strengthening financial resilience, supporting important campus initiatives, providing financial aid to students, and keeping higher education affordable. Because of the importance of these assets in the revenue mix, the work of college or university…

Mandatory fees in higher education have increased substantially in recent years. These increases have changed the net cost of attendance for students from semester to semester. Coupled with these changes, we are witnessing an increase in students from diverse lived experiences who are traditionally unaware of costs associated with their…

Responsibility Center Management (RCM) budget models are designed to create financial incentives that encourage expense reduction and revenue generation. This article--a primer on RCM--equips enrollment management leaders and other higher education professionals with the knowledge required to support the attainment of enrollment headcount and net…