INCOME GENERATION ACTIVITIES FROM ACADEMICS AT UNIVERSITIES AND ENGAGEMENT WITH STAKEHOLDERS

Abstract

The paper explores the effect of different stakeholders (the definition of the term "stakeholder" within this research paper is presented in the Introduction) on the income generation of the university. There is a growing focus from the research perspective and university management on the ability of universities to sustain their financial sustainability due to the shortage of financial support from the government. Adopting different instruments, university faculty is one of the vital stakeholders for generating revenues for the university via engaging with different actors. This research adopted quantitative techniques by applying secondary data on university-industry collaboration in the UK to evaluate the effect of different stakeholders on university financial positions. The results show that government and Industry are among the initial stakeholders to contribute to university financial results while the support of other actors is vital but different across university types. This research can be helpful for university managers as a guide to explain different paths of collaboration with stakeholders that can lead to different strategies to increase university income.