One of these elite private counseling companies,The Ivy Coach, says thatmoney only helps so much. It won't turn an F student into an Ivy Leaguer, but it can help a student who is on the fence be admitted, and there is a specific amount that will get that kid in. However, they won...
In the second step, this allocation is redistributed to reduce inequalities. This model has recently received much criticism (Hacker & Pierson 2010; Vallier 2019). Basically, the need to maintain the effectivity of capitalism reduces the capacity to produce sufficient equality. On the other hand,...
This is apt given that CEO effects are much more visible in smaller firms where power is not spread across many agents (Fama & Jensen, 1983).3 To identify family firms, we used a structure-based approach considering the components of family involvement (Litz, 1995). Following common ...
rather than potential benefits. Since individuals in regions with high savings could adopt a “wait-and-see” approach when a crisis hits (Stephan et al.,2023, p. 682) as their wealth or the wealth endowments of people in their social networks allows them to survive without doing much until...
but it really isn't much of a race when some have been training for years while others couldn't even afford a pair of running shoes. As Teddy Roosevelt explained in 1910, after his progressive turn, "I know perfectly well that men in a race run at unequal rates of speed. I don't ...
and resource goods and high-tech goods. In this manner, we have proven that China’s aid was not intended to extract resources from recipient countries. Instead, China has helped recipient countries enhance their endogenous develo...
For us, the core of Marx's theory still very much holds firm; in the twenty-first century there are still commodities, labour, exchange, value, money, production, industry, surplus and accumulation in various relations (Marx, 1887). The difference now however is that new relations and their...
Finally, in July 2021, we found out we got into the “Harvard Of Preschools” for Fall 2021. We had originally applied to this school in 2017, three months after our son was born. Crazy right? We will likely notforfeit our enrollment depositat the language immersion school and accept the...
Some endowment funds have guidelines stating how much of each year's investment income can be spent. For many universities, this amount is approximately 5% of the endowment's total asset value. Some institutions, such as Harvard, have endowments that are worth billions of dollars, so this 5% ...
Between 1985 and 2008, Harvard University's endowment generated 15.23% returns, while Yale pulled in 16.62%. Both endowments handily outperformed theS&P 500, which only grew 12% during that same time period. But there is no magic formula behind any one school's success. In fact, each univers...