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|Title: ||The determinants of compensation for presidents of public universities in the United States : a panel data analysis|
|Other Titles: ||美國公立大學校長薪酬之決定因素 : 追蹤資料分析|
|Authors: ||林筱勻;Lin, Hsiao-Yun|
|Keywords: ||公立大學;校長薪酬;經理人薪酬;追蹤資料;代理理論;public university;presidential compensation;Executive Compensation;Panel Data;Agency Theory|
|Issue Date: ||2012-06-21 06:27:07 (UTC+8)|
The rapid growth of the compensation for the presidents of US public universities and colleges has drawn significant public attention to this fact. A university president is in many ways equivalent to an executive; one who is responsible to operate the university in a financially sound manner. On the other hand, as the leader of his school, he or she is charged with maintaining the institution’s reputation. Recently, the rise of tuition, student loans, several cases of financial scandals of corporate executives, and the stagnated U.S. economy -- during the period of this study -- are also reasons making the issue of public schools’ presidential compensation controversial. Many Americans have started to doubt the fairness of presidents’ huge compensation packages.
The purpose of this thesis is to explore the determinants of presidential compensation within US public universities and colleges by relating statistically a number of specific variables that are thought to be closely related to the fluctuation in presidential pay. The data mainly came from surveys undertaken by the Chronicle of Higher Education. Our study employs compensation data during the period 2004 to 2008. We apply a panel data regression model to analyze the variables. Our study collects a total nine variables and further categorizes those into three levels, which are the state economic level, the institutional level, and the individual level.
Our empirical models demonstrate that the institutional level variables are strongly and (statistically) significantly related to presidential compensation. The financial resources of the university, as represented by enrollment and endowment, lead theoretically to higher presidential compensation. This is clearly born out in the data. At the individual level, male presidents appear to have a slight advantage over female presidents after controlling for other effects. From a macroeconomic point of view, the variables of deficit per GSP and real GSP per worker are seen to be strongly correlated to presidential compensation. In summary, the scale of the university determines its financial stability, with more tuition from the enrollment and the revenue from endowment. The university with a relatively stable financial environment is able to pay higher salary to the president.
|Appears in Collections:||[美洲研究所] 學位論文|
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