The Monetary Value of Good College Presidents: Interims, new presidents, and long term presidents’ effect on giving to private universities and colleges

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2013
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Haverford College. Department of Economics
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Thesis
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Award
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eng
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Open Access
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Abstract
Successful fundraising is essential to the financial health of private colleges and universities in the United States. Using OLS, one year lagged, fixed effects regression analysis I examine institutions’ presidents’ impact on fundraising. Merging two well-known higher education data sets with a presidential dataset I create, I study 231 schools during 2001-2010. The results suggest that long term presidents are great fundraisers beginning the first day they step into office. Interim presidents, in contrast, inhibit donations. Strangely, I find that presidents do not improve at fundraising throughout their tenure.
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