Validation of a Measurement Model for University Governance in an Accredited Public Higher Education Institution Using PLS-SEM

This study aimed to identify the structural relationships of corporate governance within an accredited public university, as its assessment remains unexplored and its polysemic nature gives rise to disagreements over measurement criteria. Moreover, no studies have simultaneously analysed the most common constructs comprising its dimensions using a measurement scale within a structural equation framework and partial least squares as a reflective model. The novelty lies in developing a model in which the measures reflect the effects of corporate governance as the main construct, with variables grounded in the new institutionalism, stakeholder theory, and the resource-based view. Methodologically, deductive reasoning was employed, drawing on relevant theoretical considerations and metrics, utilising SmartPLS software, version 4.1.0.9. The confirmed hypotheses indicate that the governance of an accredited public university can be assessed through four constructs: administrative process, university autonomy, stakeholders, and accountability system.