How university endowments respond to financial market shocks : evidence and implications

Endowment payouts have become an increasingly important component of universities' revenues in recent decades. We study how universities respond to financial shocks to endowments and thus shed light on a number of existing models of endowment behavior. Endowments actively reduce payouts relativ...

Celý popis

Podrobná bibliografie
Hlavní autoři: Brown, Jeffrey R., Dimmock, Stephen G., Kang, Jun-Koo, Weisbenner, Scott J.
Další autoři: Nanyang Business School
Médium: Journal Article
Jazyk:English
Vydáno: 2014
Témata:
On-line přístup:https://hdl.handle.net/10356/105787
http://hdl.handle.net/10220/20933