As college and university financial officers pursue business partnerships to boost institutional revenue, they must consider how these agreements affect the tax exempt status of their financing arrangement, continually monitoring use of facilities financed with tax-exempt debt. Issues to be addressed include the provisions of service contracts,…

In the process of restructuring its debt and taking on additional debt, Franklin Pierce College (New Hampshire) accepted the consequences of a downgrade in its investment-grade rating. This resulted in a successful bond sale, with bonds carrying an insured single-A rating. Events leading up to the restructuring and credit issues considered by the…

Examines the concept of human capital, including how it is linked to strategic analysis and how it relates to four alternative models for return-on-investment (ROI). Discusses how to choose the best model for ROI justification of training or other human performance technology (HPT) interventions. (AEF)

The authors describe a classroom experiment that motivates student understanding of behavior toward risk and its effect on money demand. In this experiment, students are endowed with an income stream that they can allocate between a risk-free fund and a risky fund. Changes in volatility are represented by mean-preserving changes in the variance of…

Hedge funds are the rock stars of today's financial world. These slightly regulated pools of equity, which are open only to rich players, are managed through secretive and sophisticated investment strategies. Although the risks are high, so are the potential benefits. Despite the risks, many colleges and universities have chosen to invest heavily…

Billion-dollar investments in public higher education do not come easily in the State of Connecticut--or anywhere in New England. So, when in 1995, Connecticut Gov. John Rowland and the state's General Assembly approved the $1 billion comprehensive infrastructure improvement and private support incentive program known as UConn 2000, this was…

The authors describe the Business Conditions and Economic Analysis (BCEA) program developed at the University of Richmond. The BCEA program is an experiential learning format for economics students built on the success of student-managed investment funds (SMIF) in finance. In its initial implementation, the BCEA group conducts domestic and global…

Laptop learning programs have been developed to create ubiquitous online learning environments. Given the infancy of many programs, there is little understanding of aspects of the program are perceived to provide value to faculty and students. This paper focuses on the value proposition (with respect to perceived benefits versus capital…

The future of telecommunications is at a very uncertain stage: how will information be delivered, with what hardware, and who will manage delivery and content? One thing is certain: the survival of new communication technologies will depend in part on user-friendly interfaces. In whatever form services arrive at the house, their interfaces will…

The annual Financial Report of the Teachers' Retirement System of Louisiana is divided into six main sections. The Introductory Section includes the letter of transmittal, names of the Board of Trustees, staff, and consultants; the organization chart; copy of certificate of achievement for excellence in financial reporting for 1995 financial…

The topic of the 1997 Conference, "Competition, Innovation, and Investment in Telecommunications," reflects one of the important areas for concern in the telecommunications community. Representatives of telecommunications carriers, cable industries, consumer, academic, and regulatory bodies at the federal, state, and local levels, worked together…

Explains basic principles of the financial management and administration of private university funds and related problems of governing investments. Covers, for example, the general nature of the charitable transfer (Which law, trust, or corporation?), the cash flow problem (borrowing restricted funds to meet budgted deficits), and delegation of…

The human capital theory of the economics of education is examined. This journal is available from the Economics Association, Room 340, Hamilton House, Mabledon Place, London, England WC1H 9BH. (DE)

Over the past 20 years there has been agreement in religious circles that the church's economic power and ties with the corporate world entail a moral responsibility. Church leaders within the corporate-responsibility (CR) movement have taken one of two approaches to corporations and their activities. The reformist approach assumes the market and…

Two papers consider the capital recovery difficulties of telephone companies in the current deregulatory environment. The first, "Capital Recovery in the Transition Period" (Gail Garfield Schwartz, New York State Public Service Commission) describes the process determining depreciation in both regulated and deregulated environments, and…