Honors Program

Honors in Business

Date of Award


Thesis Professor(s)

William J. Trainor

Thesis Professor Department

Economics and Finance

Thesis Reader(s)

Dana Harrison, Beichen Liang


This study evaluates whether there is a capital gain yield in the athletic investment decision allocating university resources to any component of athletics (teams, facilities, equipment, etc.) at any institution. The data for testing is analyzed by using the NET PRESENT VALUE MODEL which is composed of initial outlays, operating cash flows at time t, and cost of capital. This analysis will estimate if the investment decisions are correct or not.


East Tennessee State University

Document Type

Honors Thesis - Withheld

Creative Commons License

Creative Commons License
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