Unveiling the financial management landscape: A comparative study of management accounting practices in public and private universities of India

J. Jayashankar; Anushree Chandra

doi:10.31893/multirev.2024241

Keywords:

budgeting

financial reporting

resource allocation

financial sustainability

complex funding sources

inadequate financial technology

Abstract

This study analyses respondents' demographics and analyses public and private universities in India's financial management, sustainability, and problems. Two hundred universities were surveyed to determine their gender, age, education, and experience. To assess financial management practices and identify critical aspects affecting financial sustainability, 100 public and 100 private universities were surveyed. This research contrasts public and private university financial management. Private universities emphasize financial transparency and efficiency, although both types recognize the significance of varied revenue streams, enrollment, and student retention for financial sustainability. Financial technology, public university funding, and private university funding management are all issues. Hypothesis testing shows that financial management practices affect university financial sustainability, suggesting that good financial management is essential for long-term survival. Policymakers, university administrators, can learn from this research. Stakeholders may optimize operations and achieve long-term success by understanding worker demographics and financial trends. This study enhances financial management knowledge and provides advice for economic resilience.
References
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2. Alamri, A. M. (2019). Association between strategic management accounting facets and organizational performance. Baltic Journal of Management, 14(2), 212-234.
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4. Bouncken, R. B., Gast, J., Kraus, S., & Bogers, M. (2015). Coopetition: A systematic review, synthesis, and future research directions. Review of Managerial Science, 9(3), 577-601.
5. Cesa-Bianchi, A., Pesaran, H. M., Rebucci, A., Xu, T., & Chang, R. (2012). China's emergence in the world economy and business cycles in Latin America [with Comment]. Economía, 12(2), 1-75.
6. Douglas, P. C., & Wier, B. (2005). Cultural and ethical effects in budgeting systems: A comparison of US and Chinese managers. Journal of Business Ethics, 60(2), 159-174.
7. Efferin, S., & Hartono, M. S. (2015). Management control and leadership styles in family business: An Indonesian case study. Journal of Accounting & Organizational Change, 11(1), 130-159.
8. Fellner, T., Mitter, C., & Feldbauer-Durstmüller, B. (2015). Structure and development of research on culture and management accounting – A citation and co-citation analysis. International Journal of Business Strategy, 15(2), 83-107.
9. Ghosh, S., & Chatterjee, B. (2019). An empirical investigation of management accounting practices in Indian universities: A comparative study. International Journal of Accounting and Financial Management Research, 5(3), 32-51.
10. House, R. J., Hanges, P. J., Javidan, M., Dorfman, P. W., & Gupta, V. (Eds.). (2004). Culture, leadership, and organizations: The GLOBE study of 62 societies. Sage Publications.
11. Islam, J., Quazi, A., & Rahman, A. (2011). Nexus between cultural dissonance, management accounting systems, and managerial effectiveness: Evidence from an Asian developing country. Journal of Asia-Pacific Business, 12(3), 280-303.
12. Joshi, A., & Kapoor, S. (2020). Comparative analysis of management accounting practices in public and private universities of India. International Journal of Research in Commerce, Economics, and Management, 10(2), 89-105.
13. Khan, M. F., & Rahman, S. (2021). Management accounting practices in Indian universities: A comparative study between public and private institutions. Journal of Accounting and Finance in Emerging Economies, 7(1), 15-32.
14. Patel, R., & Shah, N. (2022). Comparative study of management accounting practices in public and private universities in India. International Journal of Business and Administration Research Review, 4(3), 112-128.
15. Sharma, A., & Kumar, R. (2023). Management accounting practices in Indian universities: A comparative analysis of public and private institutions. Journal of Applied Finance and Accounting, 9(2), 67-85.
16. Stammerjohan, W. W., Leach, M. A., & Stammerjohan, C. A. (2015). The moderating effects of power distance on the budgetary participation – performance relationship. In K. Sivaramakrishnan (Ed.), Advances in Management Accounting (Vol. 25, pp. 103-148).
17. von Alberti-Alhtaybat, L., Al-Htaybat, K., & Hutaibat, K. (2011). Management and accounting in English higher education influenced by environmental and academia-specific factors.
18. Wang, C. L., & Chugh, H. (2014). Entrepreneurial learning: Past research and future challenges. International Journal of Management Reviews, 16(1), 24-61.
19. Yang, C., & Modell, S. (2015). Shareholder orientation and the framing of management control practices: A field study in a Chinese state-owned enterprise. Accounting, Organizations and Society, 45(1), 1-23.
20. Zhang, J., Wang, L., & Wang, S. (2012). Financial development and economic growth: Recent evidence from China. Journal of Comparative Economics, 40(3), 393-412.

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to cite

Jayashankar, J., & Chandra, A. (2024). Unveiling the financial management landscape: A comparative study of management accounting practices in public and private universities of India. Multidisciplinary Reviews, 7(10), 2024241. https://doi.org/10.31893/multirev.2024241

[1] Agrawal, R., & Rani, N. (2017). A comparative study of management accounting practices in public and private universities in India. Journal of Accounting, Finance and Economics, 3(1), 45-64.

[2] Alamri, A. M. (2019). Association between strategic management accounting facets and organizational performance. Baltic Journal of Management, 14(2), 212-234.

[3] Banerjee, S., & Sen, S. (2018). Management accounting practices in Indian universities: A comparative study of public and private institutions. Journal of Management Accounting Research, 5(2), 78-97.

[4] Bouncken, R. B., Gast, J., Kraus, S., & Bogers, M. (2015). Coopetition: A systematic review, synthesis, and future research directions. Review of Managerial Science, 9(3), 577-601.

[5] Cesa-Bianchi, A., Pesaran, H. M., Rebucci, A., Xu, T., & Chang, R. (2012). China's emergence in the world economy and business cycles in Latin America [with Comment]. Economía, 12(2), 1-75.

[6] Douglas, P. C., & Wier, B. (2005). Cultural and ethical effects in budgeting systems: A comparison of US and Chinese managers. Journal of Business Ethics, 60(2), 159-174.

[7] Efferin, S., & Hartono, M. S. (2015). Management control and leadership styles in family business: An Indonesian case study. Journal of Accounting & Organizational Change, 11(1), 130-159.

[8] Fellner, T., Mitter, C., & Feldbauer-Durstmüller, B. (2015). Structure and development of research on culture and management accounting – A citation and co-citation analysis. International Journal of Business Strategy, 15(2), 83-107.

[9] Ghosh, S., & Chatterjee, B. (2019). An empirical investigation of management accounting practices in Indian universities: A comparative study. International Journal of Accounting and Financial Management Research, 5(3), 32-51.

[10] House, R. J., Hanges, P. J., Javidan, M., Dorfman, P. W., & Gupta, V. (Eds.). (2004). Culture, leadership, and organizations: The GLOBE study of 62 societies. Sage Publications.

[11] Islam, J., Quazi, A., & Rahman, A. (2011). Nexus between cultural dissonance, management accounting systems, and managerial effectiveness: Evidence from an Asian developing country. Journal of Asia-Pacific Business, 12(3), 280-303.

[12] Joshi, A., & Kapoor, S. (2020). Comparative analysis of management accounting practices in public and private universities of India. International Journal of Research in Commerce, Economics, and Management, 10(2), 89-105.

[13] Khan, M. F., & Rahman, S. (2021). Management accounting practices in Indian universities: A comparative study between public and private institutions. Journal of Accounting and Finance in Emerging Economies, 7(1), 15-32.

[14] Patel, R., & Shah, N. (2022). Comparative study of management accounting practices in public and private universities in India. International Journal of Business and Administration Research Review, 4(3), 112-128.

[15] Sharma, A., & Kumar, R. (2023). Management accounting practices in Indian universities: A comparative analysis of public and private institutions. Journal of Applied Finance and Accounting, 9(2), 67-85.

[16] Stammerjohan, W. W., Leach, M. A., & Stammerjohan, C. A. (2015). The moderating effects of power distance on the budgetary participation – performance relationship. In K. Sivaramakrishnan (Ed.), Advances in Management Accounting (Vol. 25, pp. 103-148).

[17] von Alberti-Alhtaybat, L., Al-Htaybat, K., & Hutaibat, K. (2011). Management and accounting in English higher education influenced by environmental and academia-specific factors.

[18] Wang, C. L., & Chugh, H. (2014). Entrepreneurial learning: Past research and future challenges. International Journal of Management Reviews, 16(1), 24-61.

[19] Yang, C., & Modell, S. (2015). Shareholder orientation and the framing of management control practices: A field study in a Chinese state-owned enterprise. Accounting, Organizations and Society, 45(1), 1-23.

[20] Zhang, J., Wang, L., & Wang, S. (2012). Financial development and economic growth: Recent evidence from China. Journal of Comparative Economics, 40(3), 393-412.

Abstract

References

How to cite