The Effect of Endowment Accumulation on the Quality of an Institution |
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100 for convenience Acceptance Rate Enrollment assets baccalaureate programs BE/Student 83 buildings and equipment capital holdings capital per student Carnegie Classification change in endowment committed to graduate Cornell University Current replacement value decrease Dependent Variable Determinants of University doctoral degrees DU(pX End/Student 83 endowment and capital Endowment holdings endowment per student equipment per student Expected relationships BE/Student Explanatory Variable Yr Fall Enrollment 83 Fall Enrollment 88-83 Fall Enrollment 93-88 Findings Full Sample Five Year Differences five-year gift income higher education In-state students Expected includes institutions increase in endowment institutions that offer investment Liberal Arts Colleges master's degree maximizing institutions million multiplied by 100 NYSE opportunity cost panel data Percent Change percent of in-state physical capital prestige maximizing range of baccalaureate Rate Enrollment rate SAT score Acceptance score Acceptance Rate students Expected relationships sub-samples Table thesis University Quality value of buildings Variable Yr SAT Voluntary Support Yr SAT score