The Effect of School Governance on Human and Financial Capital Performances in Indonesia, Kyrgyzstan & Tanzania

Abstract

Effective school governance is critical for curricula, teacher training, and learning materials to promote educational quality and student accomplishment. Many educational ministries around the world have prioritised building effective school governance that prioritises positive financial performance and produces human capital. In relation to this, this study explores school leaders’ perceptions of school governance, human and financial capital performances, and the leading factor(s) in Indonesia, Tanzania, and Kyrgyzstan. The method used was a survey based on the data collected by the NAMA Foundation in 2022 in some Islamic schools in Indonesia, Tanzania, and Kyrgyzstan. It consists of school leaders (principal, deputies, and administrators). Descriptive analysis (means and standard deviation) was used to analyse school leaders’ perceptions, while the structural equation model (SEM) was used with the SmartPLS statistical programme to determine the effect of school governance on human and financial capital performances. From the findings, all the school leaders surveyed agreed that, when it comes to good governance and human and financial capital performance, three factors must be considered: reputable partnerships, policy implementation, and transparent governance. The SEM results found a direct effect of school governance on human and financial capital performances. This is a strong indication of the role that school governance plays in the success and performance of selected schools in Indonesia, Tanzania, and Kyrgyzstan. Some recommendations were made for continuous school improvement and best governance.