GOOD UNIVERSITY INCOME GENERATING GOVERNANCE IN INDONESIA: AGENCY THEORY PERSPECTIVE

The objective of this study aims to comprehend and portray the management opinions of the three Public Service Board (PSB) universities in indonesia dealing with the good university income generating governance. Furthermore, this study applies epistemological subjectivism, interpretivism paradigm with multi-site design. The Finding were analyzed using agency theory perspective. therefore, the finding result show that the principles of good university incoming generating governance is law-abiding,academic oriented, accountable, profesional, independent and transparent. The emergence of principle of law - abiding indicate hierarchical relations agency that is purely between the government and the universities in income generation. The principle of academic orientation, accountability, independence and autonomy suggests that the goal synergy of both principal and the agent are the essense of agency relatoinship. Meanwhile, the professionalism demonstrated that the agent fully realized wihch the pincipal required. Yet, independence gained through wide autonomy both on academic as well as non-academic matter. The priciple of transparency demonstrates the importance of the information factor in agency relationship. Agent transparancy is necessary for the principal due to the difficulty in obtaining onformation dealing with the headway of agent itself.Keyword : Good University Governance, Income Generating, Agency Theory