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How University Endowments Respond to Financial Market Shocks: Evidence and Implications

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. University endowment shocks and resource allocation
    by Economic Logician in Economic Logic on 2010-05-05 19:00:00

Citations

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Cited by:

  1. Erik E. Lehmann & Michele Meoli & Stefano Paleari & Sarah A. E. Stockinger, 2018. "Approaching effects of the economic crisis on university efficiency: a comparative study of Germany and Italy," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 37-54, March.
  2. Mork, Knut Anton & Harang, Fabian Andsem & Trønnes, Haakon Andreas & Bjerketvedt, Vegard Skonseng, 2023. "Dynamic spending and portfolio decisions with a soft social norm," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
  3. Campbell, John Y. & Sigalov, Roman, 2022. "Portfolio choice with sustainable spending: A model of reaching for yield," Journal of Financial Economics, Elsevier, vol. 143(1), pages 188-206.
  4. Huberman, Gur & Guasoni, Paolo & Ren, Dan, 2014. "Shortfall Aversion," CEPR Discussion Papers 10064, C.E.P.R. Discussion Papers.
  5. Duquette, Nicolas J., 2018. "Inequality and philanthropy: High-income giving in the United States 1917–2012," Explorations in Economic History, Elsevier, vol. 70(C), pages 25-41.
  6. Snorre Lindset & Egil Matsen, 2018. "Institutional spending policies: implications for future asset values and spending," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 32(1), pages 53-76, February.
  7. Rosen, Harvey S. & Sappington, Alexander J.W., 2016. "To borrow or not to borrow? An analysis of university leverage decisions," Research in Economics, Elsevier, vol. 70(1), pages 170-185.
  8. Caroline M. Hoxby, 2013. "Endowment Management Based on a Positive Model of the University," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 15-41, National Bureau of Economic Research, Inc.
  9. David Chambers & Elroy Dimson & Justin Foo, 2013. "Keynes, King's, and Endowment Asset Management," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 127-150, National Bureau of Economic Research, Inc.
  10. Drew M. Anderson, 2019. "What Constitutes Prudent Spending from Private College Endowments? Evidence from Underwater Funds," Education Finance and Policy, MIT Press, vol. 14(1), pages 88-114, Winter.
  11. Lee, Michael T. & Raschke, Robyn L., 2018. "Freeing “workplace prisoners” in higher education: Configurations for collective knowledge building and educational value decisions," Journal of Business Research, Elsevier, vol. 88(C), pages 443-448.
  12. Andrew Ang & Andrés Ayala & William N. Goetzmann, 2018. "Investment beliefs of endowments," European Financial Management, European Financial Management Association, vol. 24(1), pages 3-33, January.
  13. Stephen Satchell & Susan Thorp & Oliver Williams, 2012. "Estimating Consumption Plans for Recursive Utility by Maximum Entropy Methods," Research Paper Series 300, Quantitative Finance Research Centre, University of Technology, Sydney.
  14. Knut Anton Mork & Haakon Andreas Trønnes & Vegard Skonseng Bjerketvedt, 2022. "Capital Preservation and Current Spending with Sovereign Wealth Funds and Endowment Funds: A simulation Study," IJFS, MDPI, vol. 10(3), pages 1-24, August.
  15. David Dranove & Craig Garthwaite & Christopher Ody, 2013. "How do Hospitals Respond to Negative Financial Shocks? The Impact of the 2008 Stock Market Crash," NBER Working Papers 18853, National Bureau of Economic Research, Inc.
  16. Jeffrey R. Brown & Stephen G. Dimmock & Scott Weisbenner, 2012. "The Supply of and Demand for Charitable Donations to Higher Education," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 151-174, National Bureau of Economic Research, Inc.
  17. Knut Anton Mork & Haakon Andreas Trønnes & Vegard Skonseng Bjerketvedt, "undated". "Capital preservation and current spending with Sovereign Wealth Funds and Endowment Funds: A simulation study," Working Paper Series 19222, Department of Economics, Norwegian University of Science and Technology.
  18. Frank Fernandez & Xiaodan Hu & Mark Umbricht, 2023. "Examining Wyoming’s Endowment Challenge Program: A Synthetic Control Analysis," Research in Higher Education, Springer;Association for Institutional Research, vol. 64(5), pages 654-674, August.
  19. Sandeep Dahiya & David Yermack, 2018. "Investment Returns and Distribution Policies of Non-Profit Endowment Funds," NBER Working Papers 25323, National Bureau of Economic Research, Inc.
  20. Harvey S. Rosen & Alexander J. W. Sappington, 2015. "What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income," NBER Working Papers 21271, National Bureau of Economic Research, Inc.
  21. Shih, Kevin, 2017. "Do international students crowd-out or cross-subsidize Americans in higher education?," Journal of Public Economics, Elsevier, vol. 156(C), pages 170-184.
  22. Cejnek, Georg & Franz, Richard & Stoughton, Neal M., 2023. "Portfolio Choice with Endogenous Donations - Modeling University Endowments," Journal of Economics and Business, Elsevier, vol. 125.
  23. Yan Lau & Harvey S. Rosen, 2015. "Are Universities Becoming More Unequal?," Working Papers 245, Princeton University, Department of Economics, Center for Economic Policy Studies..
  24. David Yermack, 2015. "Donor Governance and Financial Management in Prominent U.S. Art Museums," NBER Working Papers 21066, National Bureau of Economic Research, Inc.
  25. Manuel Adelino & Katharina Lewellen & W. Ben McCartney, 2022. "Hospital Financial Health and Clinical Choices: Evidence from the Financial Crisis," Management Science, INFORMS, vol. 68(3), pages 2098-2119, March.
  26. Sun, Xian & Gunia, Brian C., 2018. "Economic resources and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 332-351.
  27. Harvey S. Rosen & Alexander J.W. Sappington, 2016. "To Borrow or Not to Borrow? An Analysis of University Leverage Decisions," Working Papers 249, Princeton University, Department of Economics, Center for Economic Policy Studies..
  28. Stephen G. Dimmock & Neng Wang & Jinqiang Yang, 2019. "The Endowment Model and Modern Portfolio Theory," NBER Working Papers 25559, National Bureau of Economic Research, Inc.
  29. Paolo Guasoni & Gur Huberman & Dan Ren, 2020. "Shortfall aversion," Mathematical Finance, Wiley Blackwell, vol. 30(3), pages 869-920, July.
  30. Sarah E. Turner, 2013. "The Impact of the Financial Crisis on Faculty Labor Markets," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 175-207, National Bureau of Economic Research, Inc.
  31. Keith C. Brown & Cristian Ioan Tiu, 2013. "The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 43-98, National Bureau of Economic Research, Inc.
  32. Jeffrey R. Brown & Caroline M. Hoxby, 2013. "Introduction to "How the Financial Crisis and Great Recession Affected Higher Education"," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 1-13, National Bureau of Economic Research, Inc.
  33. Cheslock, John J. & Callie, Trina M., 2015. "Changing salary structure and faculty composition within business schools: Differences across sectors and state funding levels," Economics of Education Review, Elsevier, vol. 49(C), pages 42-54.
  34. Karly S. Ford & Kelly Ochs Rosinger & Qiong Zhu, 2021. "Consolidation of Class Advantages in the Wake of the Great Recession: University Enrollments, Educational Opportunity and Stratification," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(7), pages 915-941, November.
  35. Harvey S. Rosen & Alexander J. W. Sappington, 2016. "What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income," Education Finance and Policy, MIT Press, vol. 11(4), pages 404-425, Fall.
  36. Keith Brown & Cristian Tiu, 2013. "The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds," NBER Working Papers 19517, National Bureau of Economic Research, Inc.
  37. Harvey S. Rosen & Alexander J. W. Sappington, 2016. "To Borrow or Not to Borrow? An Analysis of University Leverage Decisions," NBER Working Papers 21951, National Bureau of Economic Research, Inc.
  38. Knut Anton Mork & Vegard Skonseng Bjerketvedt, 2021. "Soft habits," Working Paper Series 18921, Department of Economics, Norwegian University of Science and Technology.
  39. Sofia Johan & Minjie Zhang, 2021. "Information Asymmetries in Private Equity: Reporting Frequency, Endowments, and Governance," Journal of Business Ethics, Springer, vol. 174(1), pages 199-220, November.
  40. Harvey S. Rosen & Alexander J.W. Sappington, 2015. "What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income," Working Papers 244, Princeton University, Department of Economics, Center for Economic Policy Studies..
  41. Matteo Binfarè & Gregory Brown & Robert Harris & Christian Lundblad, 2023. "How Does Human Capital Affect Investing? Evidence from University Endowments," Review of Finance, European Finance Association, vol. 27(1), pages 143-188.
  42. Yan Lau & Harvey S. Rosen, 2015. "Are Universities Becoming More Unequal?," NBER Working Papers 21432, National Bureau of Economic Research, Inc.
  43. Harvey S. Rosen & Alexander J. W. Sappington, 2016. "Impact of Endowment Shocks on Payouts," Working Papers 250, Princeton University, Department of Economics, Center for Economic Policy Studies..
  44. Ozan Jaquette & Bradley R. Curs, 2023. "Enrollment Growth and Faculty Hiring at Public Research Universities," Research in Higher Education, Springer;Association for Institutional Research, vol. 64(3), pages 349-378, May.
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