We conduct a longitudinal analysis of the NACUBO-Commonfund Study of Endowments (NCSE) results from 2006-2013 to evaluate if active management is related to higher endowment returns in U.S. equities over time. We also analyze the data to evaluate the endowment characteristics that are related to higher levels of performance over time. We find that…

Discussions of efficiency among Historically Black Colleges and Universities (HBCUs) are often missing in academic conversations. This article seeks to assess efficiency of individual HBCUs using Data Envelopment Analysis (DEA), a non-parametric technique that can synthesize multiple inputs and outputs to determine a single efficiency score for…

Three critical issues in the design and analysis of evaluation studies suggested at the conference are (1) the univariate versus multivariate dependent variable studies, (2) the choice of a response surface design over the conventional fixed model, and (3) the tendency to interpret every study as if it were being done for the first time. Taking…