Financial Sustainability of Research Centers in a University Setting

Authors

  • Kristine June D. Uy University of San Jose-Recoletos
  • Chris Rudyard F. Naval University of San Jose-Recoletos
  • Sandy Valmores University of San Jose-Recoletos
  • Helmae N. Etulle-Tapanan University of San Jose-Recoletos

DOI:

https://doi.org/10.32871/rmrj1402.01.02

Keywords:

university research centers, financial sustainability, research culture sustainability

Abstract

The scarcity of research universities in developing countries, as well as the global acceptance of the need for research, has created a chasm that is currently attempted to be bridged by the presence of university research centers. Considering that research centers are primarily organized to foster research by bringing together faculty researchers from varied disciplines, revenue generation is not within its most immediate mandate. As such, they are often viewed as cost centers, placing them in the mercy of available government funding as well as budget allocations from the university that they belong to. This study endeavored to explore the financial viability of university research centers by projecting its results of operations from a set of reasonable assumptions. Composition analyses of its estimated revenues and expenses were performed. It was found out that, for a start up research center, the primary revenue sources were that of student research fees and the proceeds from the sale of research journals. Consequently, it was seen that substantial investments need to be made to develop the research culture of the institution and to have researchers. The study concluded that the operation of a research center in a university was found to be financially viable. It was further recommended that administrators of institutions of higher education must view university research centers as possible business centers, and that revenue sources must be explored.

Author Biographies

Kristine June D. Uy, University of San Jose-Recoletos

is a faculty member of the University of San Jose Recoletos, was born in 1982 and educated at the University of San Jose Recoletos where she graduated magna cum laude (Bachelor of Science in Accountancy , 2003). She also obtained her Master in Business Administration degree (2008) from the same university. A Certified Public Accountant, she worked with Isla Lipana and Company, a member firm of Pricewaterhouse Coopers (2004-2006). She has been a faculty member of the accountancy department of the University of San Jose Recoletos since 2006 up to the present, handling the subjects Basic Accounting, Partnership and Corporation Accounting, Financial Accounting, Auditing and Assurance Services, and Integrated Auditing Theory.

Chris Rudyard F. Naval, University of San Jose-Recoletos

received his Master’s degree in Accountancy from the University of San Carlos (USC), Cebu City, Philippines. Chris holds a baccalaureate degree in Management Accounting from the University of San Carlos, and is currently taking Master of Arts in Economics and PhD in Management from the University of San Carlos. He is a finance faculty of the University of San Jose - Recoletos in Cebu City. He finds his comfort in research, both academic and industry-based. Some his works are: An Empirical Validation of the Psychological Anatomy of Gossip, Fractal Behaviour of Selected Stock Prices, Fractal Volatility of Stock Price Levels, and Volatility Similarities of Stock Prices within the Same Industries. His interests are in finance, mathematics and statistics, physics, and financial engineering.

Sandy Valmores, University of San Jose-Recoletos

graduated Magna cum laude, Bachelor of Science in Psychology at the University of San Jose- Recoletos (USJ-R) in March 2004 and was awarded the Most Outstanding Graduate of her Batch. She earned her masteral degree in Industrial Psychology in the same University. Before she became a full time faculty of the College of Arts and Sciences’ Department of Psychology, Library and Information Science (DPLIS), she worked as a guidance counselor for eight years. Currently, Chua is enrolled in the doctoral program in Clinical Psychology in Siliman University.

Helmae N. Etulle-Tapanan, University of San Jose-Recoletos

graduated her Master of Arts in Education major in Mathematics from University of the Philippines Cebu, Lahug, Cebu City in 2011. She finished her Bachelor in Elementary Education major in Mathematics at La Salle University- Ozamiz City in 2007 as Magna Cum Laude, Best in Mathematics and Extra and Co-curricular Awardee. She rendered 2-year teaching in basic education at La Salle Academy- Iligan City in 2007-2009. She worked as an Assistant Principal and as a Classroom Teacher at Pleng Prassidhi International School in Bangkok, Thailand since 2010-2011. At present, she is a full-time faculty member at University of San Jose- Recoletos of the College of Education in the Department of Teaching Education. She is the expert in Assessment of Student Learning in the college. She has published researchers related to assessment and related issues concerning understanding educational system and academic performance of students in the country. She is also handling major subjects in Preschool Education and mother tongue-based multilingual education (MTB-MLE). At the same time, Ms. Etulle is teaching in the Graduate School of USJ-R handling major subjects in Early Childhood Education.

References

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Published

2014-06-30

How to Cite

Uy, K. J. D., Naval, C. R. F., Valmores, S., & Etulle-Tapanan, H. N. (2014). Financial Sustainability of Research Centers in a University Setting. Recoletos Multidisciplinary Research Journal, 2(1). https://doi.org/10.32871/rmrj1402.01.02

Issue

Vol. 2 No. 1 (2014)

Section

Articles

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Copyright of the Journal belongs to the University of San Jose-Recoletos