Performance evaluation of college endowment portfolios in developed economies of North America

Musa Essayyad*, Mostafa Malki, Omar Altiti, Banamber Mishra

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This research paper investigates performance evaluation of endowment portfolios in developed economies of North America. NACUBO data on endowment characteristics of 20 college endowments in the top US and Canadian colleges are used, and a modified version of the organic benchmarks suggested by Tiu (2017) was employed to test the hypotheses contained in this study. The research exercise is to examine whether the endowments keep adjusting to align with the university goals, namely, enhancing teaching, research, and community engagement. The panel regression model provides coefficient estimates of endowments, intertemporal endowment, intertemporal enrolment, and size of the endowments. This research outcomes substantiate the hypothesis that endowment funds should concentrate on increasing their endowments size and enhance enrolment, which would help institutions keep adjusting to align with the university goals of enhancing teaching, research and community engagement.

Original languageEnglish
Pages (from-to)81-96
Number of pages16
JournalInternational Journal of Trade and Global Markets
Volume20
Issue number1-2
DOIs
StatePublished - 2024

Bibliographical note

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Keywords

  • capital asset pricing models
  • organic benchmarks
  • panel regression
  • portfolio performance
  • university endowment funds

ASJC Scopus subject areas

  • Business and International Management
  • General Economics, Econometrics and Finance

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