New Publication: CEPS Working Paper Series Nr. 12
Financing Non-Profit Organizations
In the latest issue of the CEPS Working Paper Series, Prof. Dr. Georg von Schnurbein reflects on the financing of non-profit organisations (NPO).
By applying path dependence theory, the question of which factors influence financial growth in NPO is raised. The results highlight that organisations in a lock in status built less organisational capital and have lower revenues. For practical application, nonprofits face the challenge to develop a stable mix of financial resources. This means to build up a holistic financial management that matches donations, government spending, own revenues, and financial revenues under consideration of the NPO’s purpose and eliminating the threat of becoming inflexible.