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Research Article

Risk Perception and Strategic Responses: Exploring the Relationship Between Institutional Characteristics and Business Performance in Private Higher Education Institutions

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Xiaozhen Fang , Carmen Hernandez
Psych Educ Multidisc J, 2025, 38 (4), 320-326, DOI: https://doi.org/10.70838/pemj.380401, ISSN 2822-4353
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Abstract

This study explores the interrelationship between institutional characteristics, risk perception, and business performance in private higher education institutions (PHEIs) in China. Against the backdrop of rapid sectoral expansion and increasing regulatory complexity, the research investigates how managerial perceptions of financial and non-financial risks are shaped by institutional type, size, accreditation status, and years of operation, and how these perceptions influence performance across financial, customer, internal process, and learning-growth dimensions. A survey-correlational design was employed, with data collected from 205 administrators representing 30 PHEIs. Statistical analyses revealed that institutional characteristics significantly affect both risk perception and business performance, with operational and human resource risks showing the strongest negative associations. Moreover, risk perception was found to mediate the relationship between institutional profiles and performance outcomes. The findings underscore the need for risk-informed strategic planning and offer a comprehensive framework for enhancing institutional resilience in China's evolving higher education sector.

Keywords Business Performance risk perception private higher education institutional characteristics strategic management, China
Authors 2
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The team behind this paper

2 authors, 2 institutions.

This paper Jiangxi University of Applied Science and Technology — China Jiangxi University of A… 1 author Central Philippine University — Philippines Central Philippine Univ… 1 author Xiaozhen Fang — corresponding author XF Xiaozhen Fang ✉ Carmen Hernandez CH Carmen Hernandez

Readership

410 reads over 19 months.

May 2025 November 2026

Related work on SciMatic

Closest of 7 articles sharing keywords with this one. A rarer shared keyword counts for more than a common one.

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Carmen Hernandez 0xf2c3F8…77d5f4 450,000 (45%)
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Bibliographic Information

Xiaozhen Fang, Carmen Hernandez, (2025). Risk Perception and Strategic Responses: Exploring the Relationship Between Institutional Characteristics and Business Performance in Private Higher Education Institutions, Psychology and Education: A Multidisciplinary Journal, 38(4): 320-326
Bibtex Citation
@article{xiaozhen_fang2025pemj,
author = {Xiaozhen Fang and Carmen Hernandez},
title = {Risk Perception and Strategic Responses: Exploring the Relationship Between Institutional Characteristics and Business Performance in Private Higher Education Institutions},
journal = {Psychology and Education: A Multidisciplinary Journal},
year = {2025},
volume = {38},
number = {4},
pages = {320-326},
doi = {10.70838/pemj.380401},
url = {https://scimatic.org/show_manuscript/5282}
}
APA Citation
Fang, X., Hernandez, C., (2025). Risk Perception and Strategic Responses: Exploring the Relationship Between Institutional Characteristics and Business Performance in Private Higher Education Institutions. Psychology and Education: A Multidisciplinary Journal, 38(4), 320-326. https://doi.org/10.70838/pemj.380401

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