The recent financial crisis had a profound effect on both public and
private universities, which faced shrinking endowments, declining
charitable contributions, and reductions in government support.
Universities responded to these stresses in different ways. This
volume presents new evidence on the nature of these responses, and on
how the incentives and constraints facing different institutions
affected their behavior. The studies in this
volume explore how various practices at institutions of higher
education, such as the drawdown of endowment resources, the awarding
of financial aid, and spending on research, responded to the financial
crisis. The studies examine universities as economic organizations
that operate in a complex institutional and financial environment. The
authors examine the role of endowments in university finances and the
interaction of spending policies, asset allocation strategies, and
investment opportunities. They demonstrate that universities’
behavior can be modeled using economic principles.
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Produktdetaljer
ISBN
9780226201979
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok