“…This allows universities to minimize financial problems and thus enhance their competitiveness and profitability (e.g., Clotfelter, 2003;Glover & Krotseng, 1992;Heller, 2006;Mortenson, 2004;Weerts, Cabrera, & Sanford, 2010) The growth of alumni studies in different countries could be attributed to the following preconditions: decline of financial state support (Glover & Krotseng, 1992;Heller, 2006;Mortenson, 2004;Weerts & Ronca, 2008); increasingly competitive environment in higher education (Brennen et al, 2005;Cabrera, Weerts, & Zulick, 2003;Melchiori, 1988;Weerts & Ronca, 2008); the "war for talent" (Melchiori, 1988); and increasing globalization (Cabrera, Weerts, & Zulick, 2005;Rubens, Russell, & Perez, 2011).…”