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...
2023, p. 682) as their wealth or the wealth endowments of people in their social networks allows them to survive without doing much until the crisis passes.
International aid provides much-needed capital for development and public welfare in recipientcountries. With growing national strengths, China has transformed from a recipient to a key contributor of international aid. According to Wi...
dissatisfied powers that have sufficient negative power endowments, i.e., both inside options to prevent and outside options to evade, do not need to actually act on them because (they can expect) institutional actors to accommodate their demands and reduce their dissatisfaction on the basis of ...
Much of the book concerns itself with the three interventions. But the author is also emphatic in stating that they only take countries to a certain development stage. Over time, these policies create problems and have to change as countries transition to the next phase, when the ‘economics ...
Personally, I always like to invest in laggards or investments that are not mainstream. Stocks have done wonders for us so far. Therefore, I'm much morebullish on rental properties. Rental properties and commercial real estate should catch up and rebound in the new year. ...
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 ...
equity a startup gives out, the less is left for founders and employees. And if the company grows extremely valuable, the founding members may end up missing out on a much greater amount than what they would have paid if they had taken on regular debt financing, rather than equity funding...
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...