Abstract
Human resources development has been a crucial issue in the emerging economies of Indonesia. The growth of Universities and other form of Higher Education in Indonesia indicates the raise of public and government awareness of educational quality. This awareness must be followed by higher education management ability for designing strategies and implementing them to produce high quality graduates. This study is expected to have contribution to enhance the management quality of Private Higher Education. This research aims to evaluate the implementation of Internal Control and Risk Management in ensuring Good University Governance. The data were collected from leaders of all Private Higher Education located at Special Province of Yogyakarta, the destination for most prospective students who will pursue further studies. Descriptive qualitative and regression analysis were performed to analyze the data. Research finding revealed that most of Private Higher Education had sufficient information and knowledge in implementing Internal Control, Risk Management, and Good University Governance. Other result showed that Internal Control and Risk Management positively influenced the implementation of Good University Governance. Limitation of this study was the respondents’ comprehension of the risk management terms that were not very well understood by some of the Higher Educational Institution’s Leaders.
Highlights
Young generation is an important investment for a nation
Other result showed that Internal Control and Risk Management positively influenced the implementation of Good University Governance
Education is a means to form young people; the presence of Higher education institution is very important for the future of Indonesia
Summary
Young generation is an important investment for a nation. This generation will determine the direction of progress or setbacks of a nation. Education is a means to form young people; the presence of Higher education institution is very important for the future of Indonesia. In Indonesia, there were around 3,200 public and private universities with varieties of education quality. To be able to face local and global competition, universities must be able to provide programs that meet the market requirement, excel in the development of science, have an effective internal control, able to manage the potential risks and have good corporate governance. Universities require a system that is capable of ensuring the passage of their accountability process through effective internal control in educational organizations
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