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Revenue Diversification in Higher Education Institutions: A Systematic Literature Review

Cilt: 4 Sayı: 1 19 Haziran 2025
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Revenue Diversification in Higher Education Institutions: A Systematic Literature Review

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This study aims to screen the revenue diversification strategies of higher education institutions worldwide. It will shed light on the academic discussion on various ways of income generation and related trends in the context of universities. This paper employs a systematic literature review (SLR) method using the Web of Science and Scopus databases. The timeframe included in the study is from 2004 to 2024. With each category revealing critical features of revenue diversification strategies in higher education, this analysis has found five dominant themes in the selected literature. While the selection of the available literature was done through a choice of keyword entries to save time and effort, only peer-reviewed articles were included, avoiding other potential sources such as books and doctoral dissertations related to the field. Researchers, policy makers, and managers concerned with the field of revenue diversification in higher education can benefit from this study, as it strives to identify gaps in the field, provide suggestions for better implementation of RD strategies, and facilitate insights into improvements in regulations. This research can potentially help scientists concentrate on the research gaps by providing synthesized knowledge about income diversification in higher education, as it utilizes the SLR method, crucial for integrating and showcasing the scientific evidence emerging from quantitative and qualitative literature.

Anahtar Kelimeler

Revenue Diversification, Income Diversification, Higher Education Institutions, Universities, SLR, Literature review

Kaynakça

  1. Agasisti, T., Pérez-Esparrells, C., Catalano, G., & Morales, S. (2012). Is expenditure on higher education per student converging across EU-15 countries? Studies in Higher Education, 37(2), 235–252.
  2. Al Fazari, H. (2022). Higher education in the Arab world: research and development from the perspective of Oman and Sohar University. In Higher Education in the Arab World: Research and Development (pp. 259–274). Cham: Springer International Publishing.
  3. Ansari, M. M. (2023). Public and Private Partnerships for Higher Education Financing. In Financing of Higher Education: Traditional Approaches and Innovative Strategies (pp. 113–128). Singapore: Springer Nature Singapore.
  4. Biagi, B., Ciucci, L., Detotto, C., & Pulina, M. (2024). Do diverse degree courses matter for university attractiveness? The Annals of Regional Science, 72(4), 1189–1229.
  5. Brint, S. (2022). Challenges for higher education in the United States: The cost problem and a comparison of remedies. European Journal of Education, 57(2), 181–198.
  6. Buckner, E. (2017). The worldwide growth of private higher education: Cross-national patterns of higher education institution foundings by sector. Sociology of Education, 90(4), 296–314.
  7. Chikoto-Schultz, G. L., & Sakolvittayanon, N. (2020). Revenue diversification, growth, and stability. In Financing Nonprofit Organizations (pp. 99–113). Routledge.
  8. Delaney, J. A., & Doyle, W. R. (2014). State spending on higher education capital outlays. Research in Higher Education, 55, 433–466.
  9. Djakona, A., Kholiavko, N., Dubyna, M., Zhavoronok, A., & Fedyshyn, M. (2021). Educational dominance of the information economy development: a case of Latvia for Ukraine.
  10. Dolenec, D. (2006). Marketization in higher education policy: An analysis of higher education funding policy reforms in Western Europe between 1980 and 2000. Revija za socijalnu politiku, 13(1), 15–35.

Kaynak Göster

APA
Rahman, M. (2025). Revenue Diversification in Higher Education Institutions: A Systematic Literature Review. BABUR Research, 4(1), 157-181. https://izlik.org/JA28KT36NK
AMA
1.Rahman M. Revenue Diversification in Higher Education Institutions: A Systematic Literature Review. BABUR Research. 2025;4(1):157-181. https://izlik.org/JA28KT36NK
Chicago
Rahman, Mahfoozur. 2025. “Revenue Diversification in Higher Education Institutions: A Systematic Literature Review”. BABUR Research 4 (1): 157-81. https://izlik.org/JA28KT36NK.
EndNote
Rahman M (01 Haziran 2025) Revenue Diversification in Higher Education Institutions: A Systematic Literature Review. BABUR Research 4 1 157–181.
IEEE
[1]M. Rahman, “Revenue Diversification in Higher Education Institutions: A Systematic Literature Review”, BABUR Research, c. 4, sy 1, ss. 157–181, Haz. 2025, [çevrimiçi]. Erişim adresi: https://izlik.org/JA28KT36NK
ISNAD
Rahman, Mahfoozur. “Revenue Diversification in Higher Education Institutions: A Systematic Literature Review”. BABUR Research 4/1 (01 Haziran 2025): 157-181. https://izlik.org/JA28KT36NK.
JAMA
1.Rahman M. Revenue Diversification in Higher Education Institutions: A Systematic Literature Review. BABUR Research. 2025;4:157–181.
MLA
Rahman, Mahfoozur. “Revenue Diversification in Higher Education Institutions: A Systematic Literature Review”. BABUR Research, c. 4, sy 1, Haziran 2025, ss. 157-81, https://izlik.org/JA28KT36NK.
Vancouver
1.Mahfoozur Rahman. Revenue Diversification in Higher Education Institutions: A Systematic Literature Review. BABUR Research [Internet]. 01 Haziran 2025;4(1):157-81. Erişim adresi: https://izlik.org/JA28KT36NK