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The Governance of Not-for-Profit Organizations (National Bureau of Economic Research Conference Report)
 
 
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The Governance of Not-for-Profit Organizations (National Bureau of Economic Research Conference Report) [Paperback]

Edward L. Glaeser (Editor)

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Book Description

0226297888 978-0226297880 May 15, 2006
Not-for-profit organizations play a critical role in the American economy, but little attention is paid to the pressures and challenges that affect their governance. We know such firms don’t try to maximize profits, but what do they maximize? 

The Governance of Not-for-Profit Organizations tackles that question head-on, assembling experts on the not-for-profit sector to examine the diverse and wide-ranging concerns of universities, art museums, health care providers—and even the medieval church. Contributors look at a number of different aspects of not-for-profit operations, from the problems of fundraising, endowments, and governance to specific issues like hospital advertising. The picture that emerges is complex and surprising—one in which some institutions function as efficiently as for-profit firms while others appear to be maximizing the interests of their elite workers, rather than those of their donors, customers, or society at large.

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Editorial Reviews

Review

"This focused analysis by leading economists ultimately challenges the reader to think about just how much nonprofit behavior can be explained by formal models, equations, and the utility-maximizing assumptions of economics. Important parts do come into sharper focus thanks to this fine and precise work." - Peter Frumkin, International Journal of Not-for-Profit Law"

From the Inside Flap

Not-for-profit organizations play a critical role in the American economy. In health care, education, culture, and religion, we trust not-for-profit firms to serve the interests of their donors, customers, employees, and society at large. We know that such firms don't try to maximize profits, but what do they maximize?

This book attempts to answer that question, assembling leading experts on the economics of the not-for-profit sector to examine the problems of the health care industry, art museums, universities, and even the medieval church. Contributors look at a number of different aspects of not-for-profit operations, from the problems of fundraising, endowments, and governance to specific issues like hospital advertising.

The picture that emerges is complex and surprising. In some cases, not-for-profit firms appear to work extremely well: competition for workers, customers, and donors leads not-for-profit organizations to function as efficiently as any for-profit firm. In other contexts, large endowments and weak governance allow elite workers to maximize their own interests, rather than those of their donors, customers, or society at large.

Taken together, these papers greatly advance our knowledge of the dynamics and operations of not-for-profit organizations, revealing the underexplored systems of pressures and challenges that shape their governance.

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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nonprofit sector, bonus amount, physician cooperative model, donation intensity, unconditional factor demand, endowment intensity, noncontractible quality, trapped capital, bonus eligibility, changing hospital industry, hospital advertising, nonprofit endowments, altruism model, nonprofit capacity, distress hypothesis, nondistribution constraint, modern nonprofits, physician labor, mixed production, baseline capacity, secular nonprofits, positive demand shock, nonprofit museums, nonprofit firms, hospital market
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Tomas Philipson, New York, Theories of Firm Behavior, Anup Malani, Renaissance Instrument, Support Nonprofits, Does Governance Matter, Renaissance Florence, Santo Spirito, University of Chicago Press, Daniel Kessler, American Economic Review, Guy David, United States, Santa Maria Novella, National Bureau of Economic Research, Cambridge University Press, Harvard University Press, The Role of Nonprofit Endowments, Journal of Health Economics, Henry Hansmann, Santa Croce, Renaissance Church, Hospital-Market Characteristics, Renaissance Italy
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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