Education budgets are being reduced by many governments, especially in low- and middle-income (LMIC) countries, as finite resources are diverted toward the health crisis brought…
Abstract
Purpose
Education budgets are being reduced by many governments, especially in low- and middle-income (LMIC) countries, as finite resources are diverted toward the health crisis brought about by the pandemic. As the crisis continues, some governments may opt to turn to education public-private partnerships (PPP) to meet funding shortfalls and build capacity. This paper discusses some of the common critiques of educational PPPs, examines some pertinent case studies, and offers suggestions for practitioners and decision-makers on sustainable and ethical PPPs in education.
Design/methodology/approach
This paper draws on existing literature and current reporting by international/intergovernmental organizations to explore the complex role of public and private collaboration and agency in education and offers insights and suggestions to the challenges that may arise with increased educational PPPs as a result of the pandemic.
Findings
PPPs are controversial, susceptible to issues of accountability and transparency, and findings so far are varied, and yet countries may turn to them to address funding and resource shortfalls arising from the pandemic. The author proposes recommendations to address the common issues in educational PPPs.
Originality/value
This paper will contribute to the evolving conversation on educational PPPs, its role and limitations.
Details
Keywords
Daniel W. Richards, Sarath Lal Ukwatte Jalathge and Prem W. Senarath Yapa
This paper researches the professionalization of financial planning in Australia. The authors investigate how the institutional logic of major institutions inhibits this…
Abstract
Purpose
This paper researches the professionalization of financial planning in Australia. The authors investigate how the institutional logic of major institutions inhibits this occupation from moving toward a professional status.
Design/methodology/approach
The study uses documentary analysis of government inquiries into Australian financial services from 1997 to 2017 to ascertain the various institutional logics relating to the professionalization of financial planning. The method involves generating ideas from the data and applying an institutional logic framework to make sense of impediments to the professionalization of financial planning in Australia.
Findings
The regulator adopted a self-regulation logic that empowered financial institutions to govern financial advice. These financial institutions have a logic of profit maximization that creates conflicts of interest in financial planning. The financial planning professional bodies adopted a logic of attracting and retaining members due to a competitive professional environment. Thus, financial planners have not been defined as fiduciaries, professional standards have not increased and an ineffective disciplinary resolution system exists.
Research limitations/implications
This research illustrates the various institutional logics that need to be addressed to professionalize financial planning in Australia. However, the data used is limited to that drawn from the parliamentary inquiries.
Originality/value
Prior research on the emergence of professions such as accounting has shown that financial institutions are sites of professionalization. This research shows that financial institutions impede professionalization in financial planning. Also, where the state granted legitimacy to other professions, this research indicates that the state regulator's logic of self-regulation has not legitimized financial planning.