Green Corporate Governance for Greening Universities: A Non-Linear Model of Innovation Analysis

Abstract:

This research aims to ascertain how universities’ stakeholders perceive the

reconfiguration of Corporate/University Governance to enable the production of green

knowledge and innovation needed for sustainable development. A questionnaire was applied to

89 academic stakeholders (90% confidence level, 5% relative tolerable error), consisting of

three interrelated Likert items, grouped under the Green Corporate Governance (GCG)

construct. In the process, the perceptions of five universities’ stakeholders (Professors, Senior

Lecturers, Academic Managers, Non-Academic Managers, and Students) were successfully

collected. Chi-Square tests reflected that all the stakeholders agreed that the reconfiguration of

the university governance system is warranted. The data analysis (contingency tables) revealed

a chi-square test statistic lower than the chi-square value, signifying that all five stakeholders

perceive in the same direction that the conventional university governance system needs to be reformed. This research will spur policymakers, governors, and university or education system

managers to take appropriate actions to reconfigure the university governance system towards

green corporate governance