Delfgaauw, Josse; Dur, Robert; Propper, Carol; Smith, Sarah - Tinbergen Instituut - 2011
Recent studies have demonstrated the importance of good management for firm performance. Here, we focus on management in not-for-profits (NFPs). We present a model predicting that management quality will be lower in NFPs compared to for-profits (FPs), but that outputs may not be worse if...