000 01939naa a2200193uu 4500
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008 100517s2009 xx ||||gr |0|| 0 eng d
100 1 _aCARROLL, Deborah A
_929974
245 1 0 _aRevenue diversification in nonprofit organizations :
_bdoes it lead to financial stability?
260 _aCary :
_bOxford University,
_coct. 2009
520 3 _aThis article investigates whether revenue diversification leads to greater stability in the revenue structures of nonprofit organizations. Our findings suggest that nonprofits can indeed reduce their revenue volatility through diversification, particularly by equalizing their reliance on earned income, investments, and contributions. This positive effect of diversification on revenue stability implies that a diversified portfolio encourages more stable revenues and consequently could promote greater organizational longevity. Despite any additional complexity or crowding out, nonprofit managers may increase the financial stability of their organizations by adding additional revenue streams. However, our analysis also reveals several other important factors that contribute to nonprofit revenue stability. In particular, increasing a nonprofit organization's total expenses and fund balance reduces volatility, suggesting larger nonprofits and organizations with greater growth potential experience greater revenue stability. Finally, the results suggest nonprofits relying primarily on contributions will experience more volatility, whereas nonprofits located within urban areas will have more stable revenue structures over time
700 1 _aSTATER, Keely Jones
_940140
773 0 8 _tJournal of Public Administration Research and Theory
_g19, 4, p. 947-966
_dCary : Oxford University, oct. 2009
_xISSN 10531858
_w
942 _cS
998 _a20100517
_b1753^b
_cDaiane
998 _a20120517
_b1357^b
_cGeisneer
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c33178
_d33178
041 _aeng