Other Business Commons^™

The Interaction Between Spending Policies And Asset Allocation For College And University Endowment, Ryan Erickson

Honors Projects in Finance

The analysis revealed better combinations of asset allocation and spending policy for college and university endowments that efficiently balance the desirable outcomes of stable spending in real terms against maintaining the purchasing power of the endowment over time (intergenerational equity). Using the variability and correlation of historical asset class returns, we created a forward-looking, projection-based, multivariate Monte Carlo simulation of individual asset class returns. The simulation incorporates the relationships between inflation and asset class returns, and the relationships among asset class returns. The projected time series of asset class returns produced a time series of endowment portfolio returns given an …

Socio-Economic Sourcing: Benefits Of Small Business Set-Asides In Public Procurement, Timothy G. Hawkins, Michael J. Gravier, Wesley S. Randall

Marketing Department Faculty Journal Articles

Purpose

Small businesses are critical to economic health and encouraged in government spending by set-asides – annual small business sourcing goals that often are not attained. Little research has explored the negative and risky stigmas associated with small business sourcing.

Design/methodology/approach

This research explores reduced transaction costs of small business sourcing to government buyers. A survey of 350 government source selections reveals lower transaction costs derived from lower perceived risk of receiving a bid protest and via more efficient source selection processes.

Findings

Contrary to common bias, the performance level of small businesses is no less than that of large …