Abstract:
Kenyan universities are grappling with the dual challenge of achieving sustainable
growth amidst financial constraints and ensuring effective corporate governance to
meet global standards. Therefore, this study explored Public-Private Partnerships
(PPPs) for sustainable growth and corporate governance in Kenyan Universities. The
study was guided by Institutional theory and Resource dependence theory. Descriptive
research design was utilized in the study. The target populations were 96 top university
management staff from 35 Universities in Kenya. Using Yamane’s formula, a sample
size of 77 respondent was arrived at. Neyman allocation formula was used for sample
size distribution. Stratified sampling technique was used to select respondents.
Structured questionnaires were used to collect primary data. Content validity and
Cronbach's alpha was used to determine validity and reliability of the research
instruments. Descriptive (frequencies, percentages, mean and standard deviation) was
adopted to analyse collected data. The findings revealed universities uses joint venture
partnerships, strategic partnerships, special purpose vehicle arrangement, build -
transfer-and-operate and contract PPPs arrangements in the financing of
infrastructure projects. Further, the respondents were to a little extent satisfied with
use of green building design architecture, conservation of energy practices,
conservation and preservation of water as an operational practice in PPPs. Lastly, they
were to a moderate extent satisfied with the fact that implementation of operational
practices is done with a focus on promoting effective corporate governance in
universities in Kenya. Given the respondents' limited satisfaction, there is a need for
universities and PPP stakeholders to intensify efforts in incorporating and promoting
these sustainable practices. This involves leveraging innovative technologies, strategic
partnerships, and rigorous monitoring to ensure that sustainability becomes a central
tenet of future PPP initiatives.
