IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v13y2020i9p188-d400908.html
   My bibliography  Save this article

Predicting the Impact of COVID-19 on Australian Universities

Author

Listed:
  • Arran Thatcher

    (Business School, University of Sydney, Sydney 2006, Australia)

  • Mona Zhang

    (Business School, University of Sydney, Sydney 2006, Australia)

  • Hayden Todoroski

    (Business School, University of Sydney, Sydney 2006, Australia)

  • Anthony Chau

    (Business School, University of Sydney, Sydney 2006, Australia)

  • Joanna Wang

    (Business School, University of Sydney, Sydney 2006, Australia)

  • Gang Liang

    (Faculty of Finance, Guangxi University of Economics, Nanning 530003, China
    Faculty of Education, University of British Columbia, Vancouver, BC V6T1Z4, Canada)

Abstract

This article explores the impact of the novel coronavirus (COVID-19) upon Australia’s education industry with a particular focus on universities. With the high dependence that the revenue structures of Australian universities have on international student tuition fees, they are particularly prone to the economic challenges presented by COVID-19. As such, this study considers the impact to total Australian university revenue and employment caused by the significant decline in the number of international students continuing their studies in Australia during the current pandemic. We use a linear regression model calculated from data published by the Australian Government’s Department of Education, Skills, and Employment (DESE) to predict the impact of COVID-19 on total Australian university revenue, the number of international student enrolments in Australian universities, and the number of full-time equivalent (FTE) positions at Australian universities. Our results have implications for both policy makers and university decision makers, who should consider the need for revenue diversification in order to reduce the risk exposure of Australian universities.

Suggested Citation

  • Arran Thatcher & Mona Zhang & Hayden Todoroski & Anthony Chau & Joanna Wang & Gang Liang, 2020. "Predicting the Impact of COVID-19 on Australian Universities," JRFM, MDPI, vol. 13(9), pages 1-20, August.
  • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:9:p:188-:d:400908
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/13/9/188/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1911-8074/13/9/188/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hedegaard, Esben & Hodrick, Robert J., 2016. "Estimating the risk-return trade-off with overlapping data inference," Journal of Banking & Finance, Elsevier, vol. 67(C), pages 135-145.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Samet Gunay & Walid Bakry & Somar Al-Mohamad, 2021. "The Australian Stock Market’s Reaction to the First Wave of the COVID-19 Pandemic and Black Summer Bushfires: A Sectoral Analysis," JRFM, MDPI, vol. 14(4), pages 1-19, April.
    2. Bingbing Wang, 2021. "How Does COVID-19 Affect House Prices? A Cross-City Analysis," JRFM, MDPI, vol. 14(2), pages 1-15, January.
    3. Ping Qiao & Xiaoman Zhu & Yangzhi Guo & Ying Sun & Chuan Qin, 2021. "The Development and Adoption of Online Learning in Pre- and Post-COVID-19: Combination of Technological System Evolution Theory and Unified Theory of Acceptance and Use of Technology," JRFM, MDPI, vol. 14(4), pages 1-17, April.
    4. Mariia Rizun & Artur Strzelecki, 2020. "Students’ Acceptance of the COVID-19 Impact on Shifting Higher Education to Distance Learning in Poland," IJERPH, MDPI, vol. 17(18), pages 1-19, September.
    5. Shakeel Ahmad & Ahmad Shukri Mohd Noor & Ali A. Alwan & Yonis Gulzar & Wazir Zada Khan & Faheem Ahmad Reegu, 2023. "eLearning Acceptance and Adoption Challenges in Higher Education," Sustainability, MDPI, vol. 15(7), pages 1-18, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boudoukh, Jacob & Israel, Ronen & Richardson, Matthew, 2022. "Biases in long-horizon predictive regressions," Journal of Financial Economics, Elsevier, vol. 145(3), pages 937-969.
    2. Tsuji, Chikashi, 2020. "Correlation and spillover effects between the US and international banking sectors: New evidence and implications for risk management," International Review of Financial Analysis, Elsevier, vol. 70(C).
    3. Raymond C. W. Leung & Yu-Man Tam, 2021. "Statistical Arbitrage Risk Premium by Machine Learning," Papers 2103.09987, arXiv.org.
    4. Suzanne G. M. Fifield & David G. McMillan & Fiona J. McMillan, 2020. "Is there a risk and return relation?," The European Journal of Finance, Taylor & Francis Journals, vol. 26(11), pages 1075-1101, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:13:y:2020:i:9:p:188-:d:400908. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.