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Direct linkAnderson, Drew M. – Education Finance and Policy, 2019
This study examines how private colleges and universities choose to spend versus reinvest resources in endowment funds that have suffered investment losses. The analysis takes advantage of a market downturn and public policy shift, which together revealed how colleges define prudent spending. Investment losses during the financial crisis of 2008…
Descriptors: Private Colleges, Endowment Funds, Expenditures, Investment
