<p>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.</p>

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Can New Presidents Improve Colleges’ Financial Health?

  • Robert Kelchen

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.