Enhancing Semi-Autonomous Higher Education Performance through Financial Management: A Systematic Review
- Achmad Ngirfan , Padjajaran University, Jalan Raya Bandung Sumedang KM 21, Jatinangor, Sumedang Regency, West Java, Indonesia
- Harry Suharman , Padjajaran University, Jalan Raya Bandung Sumedang KM 21, Jatinangor, Sumedang Regency, West Java, Indonesia.
- Ivan Yudianto , Padjajaran University, Jalan Raya Bandung Sumedang KM 21, Jatinangor, Sumedang Regency, West Java, Indonesia
- Donny Maha Putra , Universitas Pembangunan Nasional Veteran Jakarta, Jalan RS. Fatmawati Raya, Pd. Labu, Kec. Cilandak, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12450.
ABSTRACT
Purpose: Semi-autonomous higher education institutions face challenges in optimizing organizational performance due to the complexity of budget management, decision-making processes, and global competitiveness. Methods: This study uses a bibliometric analysis approach based on R and RStudio to identify research trends related to factors that contribute to the performance of semi-autonomous higher education organizations. Through co-occurrence analysis, co-word analysis, and factorial analysis, this study found that budget control has a strong correlation with operational efficiency, while flexibility in fund allocation is a determining factor for institutional sustainability. In addition, data-based decision-making processes and multi-stakeholder involvement are key elements in the effectiveness of academic and administrative policies. Results: The results also show that benchmarking with global institutions can improve competitiveness, although the challenge of adapting to local policies remains an obstacle. These findings strengthen the resource-based view (RBV) theory by highlighting the importance of resource optimization and adding insight into data-driven university governance. Implications for Theory and Practice: The managerial implications of this study include the need to implement a performance-based budget system, evidence-based academic policies, and a study of benchmarking strategy so that semi-autonomous higher education can achieve higher performance sustainably.