Capital structure, financial accountability, resource allocation and financial sustainability of universities in Uganda.

Abstract

The aim of this study was to investigate the relationship between capital structure, resource allocation, financial accountability and financial sustainability of Universities in Uganda. Using a cross sectional research design, the study enlisted data through questionnaires and the target population included the senior university managers at the center of ensuring financial sustainability of universities (Supervisors, Middle level management and the senior management). Data analysis was. conducted using descriptive statistics which included mean, mode, percentages and frequencies, Correlation and regression analyses were used to test the research objectives and hypotheses respectively. The study found a strong positive significant correlation between capital structure, financial accountability, resource allocation and financial sustainability of both public and private universities. Based on the findings and subsequent discussions, it is therefore concluded that capital structure, financial accountability and resource allocation are essential for financial sustainability of both private and public Universities in Uganda. The study recommends that universities should prioritize. resource allocation to the most crucial projects, put in place optimal capital structure and uphold financial accountability as these have been found necessary for improved financial sustainability within universities.