Review Article
Exploring the Role of Transformational Leadership in Enhancing Financial Sustainability of Kenyan Public Universities: A Systematic Review
Evans Okemwa Achuti*
Issue:
Volume 14, Issue 2, April 2026
Pages:
74-87
Received:
26 February 2026
Accepted:
9 March 2026
Published:
23 March 2026
DOI:
10.11648/j.jfa.20261402.11
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Abstract: To address the critical need for context-specific insights, this systematic review synthesizes and interprets existing empirical evidence to elucidate the specific mechanisms by which transformational leadership enhances the financial sustainability of Kenyan public universities. This study examines how transformational leadership influences financial management practices, resource mobilization, revenue diversification, and financial governance in the context of the challenges faced by these institutions. A comprehensive search strategy was employed across multiple electronic databases, and studies were selected based on the predefined inclusion and exclusion criteria of the present study. This review synthesizes findings from empirical studies, systematic reviews, and theoretical analyses, focusing on four key dimensions of transformational leadership: idealized influence, inspirational motivation, intellectual stimulation, and individualized consideration. The synthesized evidence, carefully adapted to the Kenyan context, suggests that transformational leadership contributes to Kenyan public universities’ financial sustainability by fostering innovative financial strategies, promoting accountability and transparency, and encouraging stakeholder engagement, as further detailed and contextualized in the subsequent sections. Transformational leaders address the challenges of inconsistent government funding, limited financial autonomy, and governance inefficiencies by inspiring adaptive strategies and cultivating a culture of innovation within their organizations. The findings are interpreted through the lens of transformational leadership theory, resource dependence theory, and the balanced scorecard framework, providing a holistic understanding of how visionary and adaptive leadership behaviors drive sustainable financial outcomes. This synthesis provides a novel, integrated understanding of how transformational leadership, viewed through the lenses of transformational leadership theory, resource dependence theory, and the balanced scorecard framework, uniquely drives sustainable financial outcomes in the Kenyan context, offering a more robust foundation for targeted interventions and policy development. This review offers policy and practical recommendations for integrating transformational leadership principles into strategic planning, capacity building, and governance reforms to strengthen public universities’ financial resilience in Kenya. Further research is required to examine the direct causal mechanisms between transformational leadership and financial sustainability.
Abstract: To address the critical need for context-specific insights, this systematic review synthesizes and interprets existing empirical evidence to elucidate the specific mechanisms by which transformational leadership enhances the financial sustainability of Kenyan public universities. This study examines how transformational leadership influences financ...
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Research Article
Assessing Bank Success Factors in Bangladesh Through the DuPont Model
Issue:
Volume 14, Issue 2, April 2026
Pages:
88-100
Received:
2 March 2026
Accepted:
17 March 2026
Published:
30 March 2026
DOI:
10.11648/j.jfa.20261402.12
Downloads:
Views:
Abstract: Using a random effects panel regression model, this study looks at how bank-specific and macroeconomic factors affect the financial performance of commercial banks, as measured by return on equity (ROE). The results, which are based on 105 observations from 21 banks, show that capital adequacy, management efficiency, and liquidity quality all have a positive and statistically significant effect on ROE. Management efficiency is the most important factor, which shows how crucial useful management is for making banks more profitable. But the quality of assets and earnings doesn't have significant impacts on ROE. The unemployment rate has an enormous detrimental impact on how well banks do, which means that bad job market conditions hurt their profits. Conversely, GDP growth and stock market performance exert no influence. The Breusch–Pagan test confirms the use of a panel model, and the Hausman test confirms that the random effects specification is appropriate. The model explains about 41% of the changes in ROE, which has substantial impacts on banking sector performance for both policy and managerial decisions. The research adds to the body of knowledge about banking and finance by giving real-world examples from a developing economy and giving useful information to bank managers, investors, and policymakers. Strengthening managerial effectiveness and optimizing capital structures can enhance profitability and resilience, particularly amid economic fluctuations and competitive market conditions.
Abstract: Using a random effects panel regression model, this study looks at how bank-specific and macroeconomic factors affect the financial performance of commercial banks, as measured by return on equity (ROE). The results, which are based on 105 observations from 21 banks, show that capital adequacy, management efficiency, and liquidity quality all have ...
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