THE ROLES OF TRANSPARENCY AND ACCOUNTABILITY IN REDUCINGADMINISTRATIVE AND FINANCIAL CORRUPTION

Abstract

This study aims to understand the role of transparency and accountability in reducing administrative and financial corruption from the perspective of faculty members of public and private universities. To achieve the objectives of the study, a questionnaire was distributed among 374 faculty members in private and public universities. The hypotheses of the study were then tested based on the one-sample t-test. This most prominent results of this study are that transparency and accountability play an important role in reducing administrative and financial corruption in a high and convergent manner, confirming that transparency is a necessary stage prior to the stage of accountability. The authors recommend that management in public and private organizations study the forms of administrative and financial corruption and the extent of their spread. They should adhere to the principles of transparency and accountability, and justly impose deterrent penalties at all administrative levels so as to reduce administrative and financial corruption.