Can New Presidents Improve Colleges’ Financial Health?
摘要
As many colleges are facing substantial financial challenges, institutional presidents are under increasing pressure to deliver results immediately after assuming the position. In this paper, I examine whether new college presidents are able to increase revenues, decrease expenditures, and improve the overall financial margin. I find little evidence that new leadership at public universities improved the financial position of their institutions in any meaningful way. However, new leaders at private institutions—especially at non-research universities—cut expenses to match declining revenues and right the financial ship.