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Direct linkRosen, Harvey S.; Sappington, Alexander J. W. – Education Finance and Policy, 2016
This paper examines whether university endowment managers think only in terms of the assets they manage or also take into account background income, that is, the other flows of income to the university. Specifically, we test whether the level and variability of a university's background income (e.g., from tuition and government grants) affect its…
Descriptors: Universities, Administrators, Endowment Funds, Educational Finance
