Higher education plays an important role in the human capital development of a country. Investment in higher education generally rises every year, and sustaining the financing of public institutions involved in higher education is becoming economically burdensome upon the state.While the cost for sustaining higher education is rising, the allotment for it in the government budget is eroding. In light of this, governments around the world, including Malaysia, are exploring measures to financially maintain higher education institutions without shifting the burden of ever-increasing university fees onto students and their families.
Higher education, Endowment, Commercialisation
Abdul Hamid, Baharom and Hassan, Wiaam and Sowell, Sarafuddin Abdul Syahid. (2018). The endowment fund as a source of sustainability for higher education in Malaysia: maximising investment returns. ISRA Research Paper No. 103/2018.