Collaborative Governance Mechanism for University Financial Risk Prevention: Institutional Design with Multi-stakeholder Participation

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i4.4251

Qian Meng

Finance Department of Capital University of Physical Education and Sports, Beijing 100191, China

Abstract

Universities are also under great financial pressure and require new structures of governance. This paper promotes the institutions to design and develop multi-stakeholder collaborative governance in financial risk prevention. The research combines four theories with a mixed-method approach reviewing 48 universities in eighteen months. The R² of the model is 0,743, which means that the model accounts for 74.3% of the variance. Information sharing proves most critical (β = 0.72), with internal engagement (β = 0.68) and external participation (β = 0.45). A 42% reduction and an improvement of 17.4% are obtained by collaborative government comparing with traditional methods. The study reveals strategic focus toward resilience.

Keywords

collaborative governance; financial risk prevention; multi-stakeholder participation; institutional design

Full Text

PDF - Viewed/Downloaded: 1 Times

References

[1] Syed, R. T., Singh, D., Agrawal, R., & Spicer, D. (2024). Higher education institutions and stakeholder analysis: Theoretical roots, development of themes and future research directions. Journal of Marketing for Higher Education, 34(1), 45-72.
[2] Chen, L., Zhang, Y., & Wang, M. (2024). Institutional structure and governance capability in universities: An empirical study from the perspectives of time, space, and quantity dimensions. Humanities and Social Sciences Communications, 11, 582.
[3] Brunet, M., Petit, M.-C., & Romero-Torres, A. (2024). Interorganizational design for collaborative governance in co-owned major projects: An engaged scholarship approach. Project Management Journal, 55(2), 145-163.
[4] Abraham, J. M., Braughler, S., Kabanova, L., & Kollinger, J. (2020). Risk management: An accountability guide for university and college boards (2nd ed.). AGB Research Report, 15(3), 45-78.
[5] Scott, T. A., & Merton, J. (2021). Implementing collaborative governance: Models, experiences, and challenges. Public Management Review, 23(6), 801-827.
[6] Emerson, K., Nabatchi, T., & Balogh, S. (2021). An integrative framework for collaborative governance. Journal of Public Administration Research and Theory, 31(2), 234-258.
[7] Anderson, M. K., Peters, L., & Singh, A. (2023). Enterprise risk management in higher education: A collaborative governance perspective. Risk Management and Insurance Review, 26(2), 89-114.
[8] Ulibarri, N., Emerson, K., Imperial, M. T., Jager, N. W., Newig, J., & Weber, E. (2020). How does collaborative governance evolve? Insights from a medium-n case comparison. Policy and Society, 39(4), 617-637.
[9] Wegner, D., Dias, M. F. P., Agostini, L., & Nosella, A. (2025). The micro-governance of collaborative networks for water protection: A configurational analysis. Organization Studies, 46(3), 287-312.
[10] Chen, K., Nakamura, H., & Johnson, P. (2024). Understanding collaboration: Introducing the collaborative governance case databank. Policy and Society, 43(4), 495-516.

Citing this article:

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