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The Founding Decision: Who Starts Private Schools and Why?

  • Estelle James
  • Gail Benjamin

Abstract

In Japan, as in many other countries, private schools and universities are legally required to be non-profit organisations (NPOs) — organisations which do not have ‘owners’ who can sell their stock and receive profits. The earnings of NPOs must be reinvested in the organisation, they cannot be distributed — presumably to reduce the incentive for downgrading an educational product whose quality consumers may not be able to evaluate. The question then arises: who starts these schools and why?

Keywords

Venture Capital Private School Vertical Integration Bank Loan Debt Service 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Estelle James and Gail Benjamin 1988

Authors and Affiliations

  • Estelle James
  • Gail Benjamin

There are no affiliations available

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