From Privatised to Hybrid Corporatised Higher Education: A Global Financial Management Discourse

22 Pages Posted: 15 Jul 2012

Date Written: August 2012

Abstract

This study addresses the emerging financial management focus of publicly and privately funded universities in the global marketplace, focusing on their financial management strategies. Despite regional and national differences, both public and private universities are found to exhibit a global trend towards operating as predominantly market funded commercial organisations. In many countries this reflects the insinuation of New Public Management philosophies into university missions and strategies. University objectives show signs of serving an underlying financial imperative often driven by constrained government funding of higher education and the expansion of private higher education institutions. Revenue expansion through mass education and engagement in the education export trade emerge as primary financial management strategies for a self‐generating profit oriented business model of higher education.

Keywords: New Public Management, higher education, universities, government funding, private higher education

Suggested Citation

Parker, Lee D., From Privatised to Hybrid Corporatised Higher Education: A Global Financial Management Discourse (August 2012). Financial Accountability & Management, Vol. 28, Issue 3, pp. 247-268, 2012, Available at SSRN: https://ssrn.com/abstract=2107094 or http://dx.doi.org/10.1111/j.1468-0408.2012.00544.x

Lee D. Parker (Contact Author)

RMIT University ( email )

124 La Trobe Street
Melbourne 3000
Australia
#61399255542 (Phone)
#61399256524 (Fax)

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