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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/77320

    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
    Contributors: 淡江大學美洲研究所碩士班
    柯大衛;Kleykamp, David
    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
    Date: 2012
    Issue Date: 2012-06-21 06:27:07 (UTC+8)
    Abstract: 美國公立大學校長之總體薪酬在近7年間成長幅度之快,引起許多爭議。大學校長的職位與其工作內容與企業執行長有多相似之處,但又具其特殊性。身為大學行政事務之最高級執行者,負責學校整體財政與營運的穩定。身為大學之學術事務的最高領導者,校長維護學校優良名譽傳統。研究期間因美國經濟成長遲緩、大學學費不斷調漲、大學生的貸款問題,與許多企業界執行長的財務弊案,直接或間接造成校長的高漲薪酬成為眾矢之的。
    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:[Graduate Institute of the Americas] Thesis

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