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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,...
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maximizing shareholder value. One of the most striking factors about non-profit firms is that they have no comparable governance … essay discusses the implications of these weak governance institutions on non-profit behavior. A primary implication is that …
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