The Impact of Applying Governance Standards on Institutional Performance in Libyan Universities from a Balanced Scorecard Perspective: A Study of the Faculty Members at Misrata University

Abstract

This study aimed to identify the impact of implementing governance standards (transparency, accountability, participation, and the rule of law) on institutional performance in universities, using the four dimensions of the Balanced Scorecard (financial dimension, customer dimension, learning and growth, and internal operations), from the perspective of faculty members at Misurata University. The study sample consisted of 150 individuals. It was found that there is a significant impact of implementing governance standards in general on institutional performance in Libyan universities. The rule of law dimension in implementing governance standards has the primary impact on institutional performance in Libyan universities, while the dimensions of transparency, accountability, and participation did not have a statistically significant impact on institutional performance at Misurata University