Contribution of Satellite Campuses Financial Accountability and Resource Allocation on Financial Sustainability of Public Universities in Kenya

Authors

  • Maniagi Musiega Masinde Muliro University of Science and Technology
  • Jared G.O.O Rading
  • Fredrick Oruko

DOI:

https://doi.org/10.20525/ijfbs.v10i4.1443

Keywords:

Satellite Campuses, Financial Sustainability, Financial Accountability, Effective Management, Public Universities, Resource Allocation

Abstract

This study sought to determine the contributions of satellite campuses on financial sustainability of public universities in Kenya. The specific objectives will be to examine how financial accountability and effective management contribute to financial sustainability of public universities in Kenya. The study adopted descriptive survey research design. The target population was 176 selected staff of public universities in Kenya of which all of them were used in the study. The study adopted both descriptive analysis and for inferential statistical analysis data was cleaned coded and correlation analyses done the findings were financial accountability was positively correlated and significant p< 0.0. For regression also financial accountability as well as resource allocation and effective management had a positive relationship with financial sustainability. R squared was 0.731 therefore financial accountability and resource allocation explained 73.1% of variance in financial sustainability. Moderation was established using hierarchical regression, when the interaction terms of the moderator were added the value of R squared changed from 73.1% to 79.4% thus effective management and leadership had moderating effects on the relationship between financial sustainability and contribution of satellite campuses.Thus universities should mobilize resources from development partners and  focus on recovering full economic costs and investing in its infrastructure including human, intellectual and physical adequately to maintain future productive capacity to deliver its strategic plan and serve its customers.

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Published

2021-11-13

How to Cite

Musiega, M., Rading, J. G., & Oruko, F. (2021). Contribution of Satellite Campuses Financial Accountability and Resource Allocation on Financial Sustainability of Public Universities in Kenya. International Journal of Finance & Banking Studies (2147-4486), 10(4), 75–87. https://doi.org/10.20525/ijfbs.v10i4.1443