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ID:36557574
大小:5.75 MB
页数:123页
时间:2019-05-12
《大学捐赠基金管理策略研究》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、天津大学博士学位论文大学捐赠基金管理策略研究姓名:谢永超申请学位级别:博士专业:技术经济及管理指导教师:杨忠直20080601ABSTRACTUniversityendowmentfundsareadiversegroup.Theydisplayhugedifferencesintermsofsize,risktolerance,andimmediatepurpose.It’SanewsubjectinChinaontheresearchofmanagementstrategyinuniversityendowmentfunds.Basedontheec
2、onomicbehaviourofthedonater,theroleofendowmentfunds,thespendingrules,theideaofassetallocation,assetportfolioandriskcontrolling,thestrategyofinvestmentandmanagementcontents,thispapermakessystematicalanalysisofmanagementstrategyinuniversityendowmentfunds.1.Thispaperreviewsandgivesa
3、summary011thecontents,resultsandstatusoftheUniversityEndowmentFundsathomeandabroad.ItpointsouttheshortagesinthestudyandmanagementoftheUniversityEndowmentFundsinChina.Itdefinesmanyconcepts,summmarizesthetrainofthought,method,framework,difficultiesandinnovationsofthedissertation.2.
4、Thispaperanalyzestheeconomicbehaviourofdenoter.Itpresentstheculturalundertakingsofendowmentshouldbereinforcedintheuniversity,andtriedtofosterdonativeconsciousnessforstudents.3.Itisalsoanalyzestheimportantpurposesofendowmentfundstothedevelopmentofuniveresities.Endowmentfundsisnoto
5、nlytheimportantcapitalsinmanyuniversities,butalsotheimportantsymbolofposition.Itexistedfortwofunctionsofuniversityendowmentfunds:maintainthepurchasingpowerofeachendowmentwiththegoalofprovidingapredictableandsustainablelevelofincometosupportcurrentoperations.4.Alotofuniversitiesta
6、rgettheirendowmentspendingatafixedspendingratioorallofthem.Becauseofvolatileinflation,thisisnotoptimal.Thispapersuggestedthreedynamicmodelsofspendingrulesinaccordancewithhistoricalcapitalvalues,inflation-adjustedvalueandsettingatargetrate.5.Thefeaturesofinvestmentofuniversityendo
7、wmentfundsiSchronicityandstabitity,andtheassetallocationisthekeypointsininvestment.Ithasbeenarguedtheassetclass,theimportenceofassetallocation,theprocessofassetallocationandthekindsofassetallocation;thendiscussesaboutassetsallocationatcontinoustome.Ithasbeenalsosuggesteduniversit
8、yendowmentthatthefactorsofassetallocatio
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