This paper finds that the majority of stock price movements remain unexplained after controlling for both public and private information. This suggests that economists' inability to explain asset price movements is the result of either noise or naive asset pricing models.

Economists have suggested that the quality of higher education is not independent of the sources of funds used to fund that education. This paper examines the relationship between student measures of teaching quality and institutional revenue sources. The results indicate that a greater reliance...

This paper examines the relationship between faculty participation in university decision making and university performance. Using an aggregated measure of faculty participation, McCormick and Meiners (1988) find that increased faculty control in decision making is associated with lower levels...