Factor Analysis of the Effects of Academic Staff Profile on the Investment Portfolio of a University
Akinyokun O. C, Uzoka F. M. E · The International Journal of the Computer, the Internet and Management · 2007
The major assets of a university are man, money, machine and time. The man, while serving as the major driver of the other assets has three components, namely academic staff, administrative staff and technical staff. It is proven that the poor procurement and management of the academic staff often leads to the poor procurement and management of the other assets. The research being reported in this paper takes a study of the profile of the academic staff of a university community in Nigeria. It proposes factor analysis by principal components as a tool for evaluating the effects of academic staff profile on the investment portfolio of the university. Three factors, namely: teaching, research and community development were extracted as the major investment foci of a university and each loaded on a number of the academic staff profile related decision variables. The results obtained from the factor analysis provides a basis for deriving a system of equations desirable for evaluating the contributions of each academic staff to teaching, research and community development. The results also show that some extraneous factors that are external to the profile of academic staff have substantial effect on the productivity of a university. Moreover, the results obtained place a higher premium on research activities in the university than on teaching and community development.