Performance-Based Funding: A Case Study of Three Universities in the State of Florida

An exploratory case study of three institutions of higher education in the State of Florida and performance-based funding was conducted. The study examined the metrics that determined funding over the years 2014-2020. The study was grounded in Neoliberal Theory and Resource Dependency Theory. Significant findings in this study included: (a) the decline in the percentage of bachelor graduates employed (employment was measured by $25,000 wages after graduation), or continuing their education across all three universities, (b) Student-to-Faculty Ratios (CDS) were a statistically significant predictor of Bachelor\u27s Degrees Awarded (Key Performance Metric), F (1, 13) = 37.76, p \u3c .001., (c) the increase of non-tenure earning over tenure-earning and tenured faculty at all three institutions during the fiscal years 2016-17 to 2020-21, and (d) fewer graduate degrees were awarded in the STEM disciplines over the time investigated. The study affirms the tenets of both Neoliberal Theory and Resource Dependency Theory. The study provided useful information for national performance-based funding programs, the Florida Board of Governors, the Boards of Trustees, and institutional stakeholders. Implications for practice include the need for more transparency and parity in reporting data across databases. Future research should conduct this same study including all of the institutions in the State of Florida