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ERIC Number: EJ1357681
Record Type: Journal
Publication Date: 2022
Pages: 14
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-2050-7003
EISSN: EISSN-1758-1184
Economic and Social Impact of Malaysian Higher Education: Stakeholders' Perspectives
Muhamad, Suriyani; Kusairi, Suhal; Aziz, Nazli; Kadir, Rokiah; Wan Kassim, Wan Zulkifli
Journal of Applied Research in Higher Education, v14 n4 p1623-1636 2022
Purpose: This study examined the economic and social impact of Malaysian universities on their communities from stakeholders' perspectives. It analysed whether university stakeholders' spending, human capital (HC) and knowledge exploration (KE) will impact aggregate income (AI), quality of life (QOL) and business growth (BG) in surrounding communities. Design/methodology/approach: A survey was conducted among 540 university stakeholders from the southern, northern and eastern regions of Malaysia, representing the alumni, community and industry. Data were subjected to factor analysis using structural equation modelling (SEM). Findings: Results showed that universities impacted communities' economic development and wellbeing, thereby fulfilling their community-related role. Originality/value: This study addressed universities' role in communities' economic growth and social development. Universities' contributions towards communities can be improved through the proposed model, which suggests ways to maximise their impact. A more detailed study of a particular university is needed to identify other factors that can strengthen universities' impact, even at national and global levels.
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Publication Type: Journal Articles; Reports - Research; Tests/Questionnaires
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Malaysia
Grant or Contract Numbers: N/A