Assessing University Governance and Policies in Relation to the COVID-19 Pandemic

In response to the COVID-19 pandemic, universities around the globe have taken numerous extraordinary measures and implemented many changes to their strategic, operational, and academic activities. Currently, there is a transformation taking place from the emergency decision-making in the early stages of the pandemic towards reflection and resolution on how the past months can shape governance and strategy. Higher education institutions have been facing challenges with the alignment of their university governance for their strategic and operational plans. Presently, university leaders have prioritized risk management and financial management over all else. Unfortunately, due to these priorities, university responses to the pandemic took the top-down approach of management, rejecting the shared governance structures and collegial practices of the institutions. The pandemic has accelerated the openness to change by creating an emergency or steering response team led by university presidents and provosts, with sub-teams focusing on operations and other academic advisory groups working together to deal with the fast-rising scenarios. The consequence is a clear flow of information and strong communication across the institution, which sequentially builds on mechanisms to respond to the secondary effects of the pandemic. Moreover, higher education institutions are continuously facing challenges with their strategic alignment of business objectives in order to have a diverse educational system in response to the pandemic. "Assessing University Governance and Policies in Relation to the COVID-19 Pandemic" presents the latest research and studies investigating information on university governance and adapting previous, existing, and proposed models for the current pandemic. This book is comprised of chapters contributed by various leading international authors to discuss and analyze all aspects of university governance in relation to their impact on strategies in finance, sustainability, academic issues, research, faculty and students, leadership, campus, employment and recruitments, and more. This is an essential text for university presidents, strategic planning authorities in universities, college deans and academic department chairpersons, government authorities and policymakers, researchers, students, and academicians.

Do You Need 'The Machine'? Tipping in Canada Is Unconscious (Part I)

Constantly on the lookout for Canadian mathematics education matters, I recently experienced a major personal tipping point. The juxtaposition of two different customer service situations was simply too much for me to handle. Now through the looking glass, it was abundantly clear that tipping in Canada is unconscious, and the evidence was everywhere. The current state of financial literacy education in Canadian schools, the opportunity that COVID-19 has provided for us to renew Canada's implied gratuity guidelines, and an investigation into pre- and post-tax bill totals all supported my assertion that the tipping culture in Canada is a habit in many senses of the word. A look back at how tipping in Canada has evolved from parting with a few coins every once and a while, and a look at the evolution of the point of sale terminal, which I refer to as 'The Machine', helped me realize that I am unable to move on and start looking for other Canadian mathematics education matters just yet. After all, if Canadian mathematics education matters, then Canadian mathematics education matters. As such, Part II of this article follows in the next issue. Stay tuned.

What Happened When COVID-19 Shut Down In-Person Higher Education? Parents Speak Out

This study was designed to understand the impact that the COVID-19 pandemic has had on the family's role in their students' college experiences. Specifically, the authors examined parents' attitudes towards institutions' COVID-19 decision-making, parents' perceptions of communication quality between families and institutions during the COVID-19 pandemic, and the short-term impact of the pandemic on students' education and personal well-being in addition to family well-being.

Importance of Developing Financially Literate Families and Communities: Opportunities for FCS Educators

Financial literacy has been an issue for decades in the United States, however, the COVID-19 pandemic put financial illiteracy in the spotlight. Family and Consumer Sciences (FCS) educators have the ability to influence the financial literacy rates among individuals, families, and communities. Despite Hogarth's 2002 call to action for FCS educators to promote fiscal education, this has not happened. FCS educators must now respond to this call. This manuscript addresses the financial illiteracy problem in the United States, the importance of financial literacy, financial literacy in the FCS National Standards, and the actions FCS educators can take to improve financial literacy.

Impacts of the COVID-19 Pandemic on First-Generation, Low-Income and Rural Students in Indonesia and Vietnam: A Cross-Cultural Comparative Study

Comparative studies around the impact of the COVID-19 pandemic are still limited. This paper explores the question: how has the COVID-19 pandemic affected higher education students, and which ones have been most impacted? Indonesia and Vietnam are our focus. We leveraged a rich set of data collected online from both countries (n = 2600). We used regression analyses to measure students' wellbeing, financial hardships, access to technology, and educational satisfaction. As expected, we found statistically significant differences between both countries except for the wellbeing domain. For within-country comparison, consistent for both countries, low-income students were less likely to access technology and were more likely to experience financial distress than their counterparts. Indonesian first-gen students also showed a similar trend. Lastly, we observed a lower likelihood of satisfaction from rural and low-income students in Indonesia for their education during the pandemic. We provide our policy recommendations for both countries. [This manuscript accompanied a conference presentation at the 50th Annual Conference of Mid-South Education Research Association (MSERA) in New Orleans, Louisiana (November 9-12, 2021).]

Parental roles, financial literacy and budgeting behaviour: a survey during the COVID-19 pandemic

Purpose - This study aims to provide evidence on the importance of parental financial heads in the family in promoting students' financial literacy levels and budgeting habits. Design/methodology/approach - Using survey data on 730 college students in Vietnam, this study investigated the relationship between parental financial heads, students' financial literacy and budgeting habits. Multiple regression and logit function are the primary approaches in the study. Findings - This study found a positive association between parental head roles and students' financial literacy and budgeting habits after controlling for demographics. Students whose parents are primarily responsible for financial decisions in the family perform higher in financial literacy and make a budget more frequently. The results are robust to alternative approaches. Practical implications - This study's results help parents, especially mothers who are often more vulnerable in the family, better understand the important role of being the financial deciders in the family and how this can increase their children's financial literacy and help their children manage money more effectively. Originality/value - This is the first study to address the importance of parents' head roles in enhancing students' financial literacy and budgeting behaviour.

An empirical analysis on household financial vulnerability in India: exploring the role of financial knowledge, impulsivity and money management skills

Purpose The COVID-19 pandemic has exposed the financial-economic vulnerability of the public and threatened the household financial stability, especially of the low-income group population, in developing economies such as India. The assessment of household financial vulnerability has gained considerable attention these days, especially in poor and developing countries. This article seeks to assess the level of household financial vulnerability in India, based on a household survey conducted across India. Design/methodology/approach This paper has proposed a financial vulnerability index (FVI) based on three self-reported parameters: (1) making end meet, (2) perception of income shock and (3) perception of expenditure shock. Subsequently, the impact of various behavioural and socioeconomic factors on the proposed financial vulnerability index has been assessed using fractional probit regression. Findings The research findings indicate that higher financial knowledge, better money management skills and lower impulsivity in financial behaviour can reduce financial vulnerability. It is suggested that suitable financial literacy programmes be implemented for vulnerable sections of society to enhance their financial knowledge, improve money management skills and manage impulsivity, thereby helping them make informed financial decisions leading to their financial well-being. Originality/value To the best of the authors' knowledge, none of the past studies have developed and assessed the financial vulnerability index in India. This study provides relevant recommendations for various financial sector regulators and government institutions in India.

The K-12 Pandemic Budget and Staffing Crises Have Not Panned Out - Yet: Selected Findings from the Third American School District Panel Survey. Data Note: Insights from the American Educator Panels. Research Report. RR-A956-3

This report presents school district leaders' views about staff turnover, hiring, and districts' financial outlooks at the end of the 2020-2021 school year. Based on the survey responses of 292 district leaders from the American School District Panel (ASDP), the authors found that teacher and principal turnover had not increased substantially beyond pre-pandemic rates in most districts. They also found that a majority of school districts have increased or are trying to increase their number of staff--especially for substitute teachers and mental health staff--for the 2021-2022 school year. District leaders also reported budget concerns. Four in ten district leaders anticipate a fiscal cliff around the time coronavirus disease 2019 (COVID-19) federal aid expires in September 2024, and over half of the districts that anticipate a funding increase from federal stimulus funds are concerned about their ability to spend the money, even though virtually all district leaders said that they have some level of discretion in how to spend those funds. Although districts' reported impacts have not led to much-feared budget and staffing crises for their school districts, these survey findings suggest systemic problems that could outlast the COVID-19 pandemic. [For a related report, "Technical Documentation for the Third American School District Panel Survey. Research Report. RR-A956-6," see ED615291.]