Using data on annual giving (between 1990 and 2004) for more than 22,000 active alumni from a highly selective liberal arts college, the authors employ a probit framework to analyze the likelihood of giving and a tobit framework to analyze the determinants of alumni generosity. Both the...

As consolidation, deregulation, and technological advances transform the financial services industry, it is generally believed that community banks provide relationship-based banking services for small businesses, family farmers, and depositors of low to moderate wealth. Using data from actual...