This paper studies how private equity buyouts create value in higher education, a sector with opaque product quality and intense government subsidy. With novel data on 88 private equity deals involving 994 schools, we show that buyouts lead to higher tuition and per-student debt. Exploiting loan...

This paper studies how private equity buyouts create value in higher education, a sector with opaque product quality and intense government subsidy. With novel data on 88 private equity deals involving 994 schools, we show that buyouts lead to higher tuition and per-student debt. Exploiting loan...

This paper studies how private equity buyouts create value in higher education, a sector with opaque product quality and intense government subsidy. With novel data on 88 private equity deals involving 994 schools, we show that buyouts lead to higher tuition and per-student debt. Exploiting loan...

We employ a non-parametric methodology, Data Envelopment Analysis, to estimate efficiency scores for Portuguese public universities, using data mainly for 2003. The input measures are constructed from the number of teachers and from universities' spending while the outputs measures are based on...

We employ Data Envelopment Analysis, to estimate efficiency scores for Portuguese public universities. The input measures are constructed from the number of teachers and from universities' spending while the output measures are based on the undergraduate success rate and on the number of...