Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat LCCN Permalink Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Comparative analysis of funds profitability of target capital in Russia and the USA
Available online: 21 February 2013 Subject Heading: Foreign experience JEL Classification:
Endowment funds development is one of the promising mechanisms of financing activities of noncommercial sector. Endowment funds are created with the objectives of investing resources in income generating assets and spending investment income by noncommercial organization on its programs and projects. This work represents a research of educational organizations' endowment funds' return in Russia, where endowment funds are created based on special federal statutory act, and the USA. Factor analysis is used to evaluate and investigate reasons for return difference; conclusion is made regarding the need to expand the list of allowed investment instruments in order for investment income to become a more valuable source of finance for noncommercial organizations. Keywords: noncommercial organizations, endowment fund, asset portfolio, investment |
ISSN 2311-8709 (Online)
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