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Full-Text Articles in Social and Behavioral Sciences
Four-Stage Dea Efficiency Evaluations: Financial Reforms In Public University Funding, G. Thomas Sav
Four-Stage Dea Efficiency Evaluations: Financial Reforms In Public University Funding, G. Thomas Sav
Economics Faculty Publications
Financial reforms in U.S. public higher education are well underway and are progressively replacing university enrollment based funding formulas with performance based models driven, in part, by graduation rates. Doing so, however, fails to account for the internal resource constraints and managerial efficiencies associated with production. Moreover, graduation rates are affected by external factors beyond the control of university decision-makers. This paper addresses these issues and uses a four-stage data envelopment analysis (DEA) model to evaluate university graduation rate performance. The four-stage DEA efficiencies correct for both environmental and statistical noise effects on university operations. Efficiency estimates control for the …
Private Philanthropy In Financing Public Universities: Fundraising Stochastic Frontier And Efficiency Evaluations, G. Thomas Sav
Private Philanthropy In Financing Public Universities: Fundraising Stochastic Frontier And Efficiency Evaluations, G. Thomas Sav
Economics Faculty Publications
This study provides stochastic frontier analyses of private philanthropy in financing public universities in the United States. Panel data estimates of private giving –fundraising production frontiers and inefficiency effects are provided for an aggregate of 353 universities and separately for research intensive, doctoral granting, and master level institutions over the 2006-09 academic years. Inefficiency effects are modeled as set of university specific covariates, including medical schools, hospitals, executive employment and a time trend to capture potential effects of the global financial crisis on university fundraising efficiency. Efficiency scores are estimated across university levels and indicate that mean efficiencies range from …