Can Management Practices Make a Difference? Nonprofit Organization Financial Performance during Times of Economic Stress

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ID: 264188
2017
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Abstract
The economic crisis presented unprecedented challenges to nonprofit organizations to sustain their services. In this study, we examined both financial and management factors that influence the financial performance of nonprofit organizations during times of economic stress. In particular, we investigated whether strategic planning and plan implementation, revenue diversification, and board involvement help nonprofit organizations deal with financial uncertainty and strengthen financial performance. Despite the negative impacts that the economic downturn had on nonprofit organizations, we found that the implementation of strategic plans can help nonprofit organizations reduce financial vulnerability. Our findings call attention to key management factors that influence the financial performance of nonprofit organizations.
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Authors HU, QIAN;KAPUCU, NAIM;
Journal journal of economics and financial analysis
Year 2017
DOI
DOI not found
URL
http://ojs.tripaledu.com/jefa/article/view/26/17
Keywords
Education Materials of engineering and construction. Mechanics of materials Engineering (General). Civil engineering (General) Computer applications to medicine. Medical informatics Science (General) Science surgery neurosciences. biological psychiatry. neuropsychiatry economics as a science finance social sciences history (general) and history of europe political science (general) public finance

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