Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review
ABSTRACT: The introduction of sustainable development goals has made sustainability a top priority for most nations. This has raised the investment into the educational system for potential growth and for creating an innovation culture in any country; the role of institutional investors in the devel...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853122010587 |
| _version_ | 1827584949885075456 |
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| author | Parvez Alam Khan Satirenjit Kaur Johl Shakeb Akhtar Mohammad Asif Anas A. Salameh Thavamaran Kanesan |
| author_facet | Parvez Alam Khan Satirenjit Kaur Johl Shakeb Akhtar Mohammad Asif Anas A. Salameh Thavamaran Kanesan |
| author_sort | Parvez Alam Khan |
| collection | DOAJ |
| description | ABSTRACT: The introduction of sustainable development goals has made sustainability a top priority for most nations. This has raised the investment into the educational system for potential growth and for creating an innovation culture in any country; the role of institutional investors in the development of financing clean energy infrastructure, entrepreneurial development, poverty reduction, and driving corporate social responsibility and firm development has been found significant. An intensive literature search of Scopus and the web of science database was explored with different relevant sets of keywords “Institutional investors AND Education”, “Institutional investors” AND “Higher education”, which drew 29 final articles between 2010–2021. This scoping review draws a new open approach for creating alternative sustainable funding for the higher education system and investment opportunities for institutional investors with government intervention. This research becomes the first that shows the road map to the higher education system in creating alternative funding through the proposed Institutional Investor & Sustainable University Funding Governance Code, which will make the higher education system independent and ease the burden on the government, as well as create a huge market opportunity for both players. This research model will scope the collaborative approach towards sustainable development goal 4—Quality education. |
| first_indexed | 2024-03-08T23:38:37Z |
| format | Article |
| id | doaj.art-493e8db76899451aa2cba7b6a200cbf7 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:38:37Z |
| publishDate | 2022-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-493e8db76899451aa2cba7b6a200cbf72023-12-14T05:21:52ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-03-018149Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual ReviewParvez Alam Khan0Satirenjit Kaur Johl1Shakeb Akhtar2Mohammad Asif3Anas A. Salameh4Thavamaran Kanesan5Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia; Correspondence: (P.A.K.); (S.K.J.)Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia; Correspondence: (P.A.K.); (S.K.J.)Department of Finance, School of Business, Galgotias University, Greater Noida 203201, Uttar Pradesh, India;Department of Finance, College of Administration and Financial Sciences, Saudi Electronic University, Riyadh 1167, Saudi Arabia;Department of Management Information Systems, College of Business Administration, Prince Sattam Bin Abdulaziz University, Al-Kharj 11942, Saudi Arabia;Executive Office, Proofreading by A UK Ph.D., Cyberjaya 63000, Selangor, Malaysia;ABSTRACT: The introduction of sustainable development goals has made sustainability a top priority for most nations. This has raised the investment into the educational system for potential growth and for creating an innovation culture in any country; the role of institutional investors in the development of financing clean energy infrastructure, entrepreneurial development, poverty reduction, and driving corporate social responsibility and firm development has been found significant. An intensive literature search of Scopus and the web of science database was explored with different relevant sets of keywords “Institutional investors AND Education”, “Institutional investors” AND “Higher education”, which drew 29 final articles between 2010–2021. This scoping review draws a new open approach for creating alternative sustainable funding for the higher education system and investment opportunities for institutional investors with government intervention. This research becomes the first that shows the road map to the higher education system in creating alternative funding through the proposed Institutional Investor & Sustainable University Funding Governance Code, which will make the higher education system independent and ease the burden on the government, as well as create a huge market opportunity for both players. This research model will scope the collaborative approach towards sustainable development goal 4—Quality education.http://www.sciencedirect.com/science/article/pii/S2199853122010587sustainable development goalSDG-4 quality educationinstitutional investorshigher educational |
| spellingShingle | Parvez Alam Khan Satirenjit Kaur Johl Shakeb Akhtar Mohammad Asif Anas A. Salameh Thavamaran Kanesan Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review Journal of Open Innovation: Technology, Market and Complexity sustainable development goal SDG-4 quality education institutional investors higher educational |
| title | Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review |
| title_full | Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review |
| title_fullStr | Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review |
| title_full_unstemmed | Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review |
| title_short | Open Innovation of Institutional Investors and Higher Education System in Creating Open Approach for SDG-4 Quality Education: A Conceptual Review |
| title_sort | open innovation of institutional investors and higher education system in creating open approach for sdg 4 quality education a conceptual review |
| topic | sustainable development goal SDG-4 quality education institutional investors higher educational |
| url | http://www.sciencedirect.com/science/article/pii/S2199853122010587 |
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