In the absence of clear and acceptable measures for outcomes, the budget is probably the most important managerial tool for nonprofits. Nevertheless many nonprofits operate without a budget at all, or with a limited version of a budget that is used solely for fundraising with no managerial role....

The role of intellectual property (IP) as an important value determinant is widely recognized. This article tries to quantify the role of IP in companies valuation by comparing a sample of biotechnology companies (46 companies included in the Genetic Engineering New Index: GEN-dex) to the...

Intellectual Property Intensity (IPI) measures the weight of IP in the firm's total market value. IPI has a positive (convex) functional relationship with Price to Book (P/B) ratio, and thus may provide additional economic insight to the empirical value-growth effect. Growth firms have higher...

Cash flow management is one of the most significant challenges that face nonprofit organizations. A shortage is cash, even if it's temporary, is a major risk factor for the organization. Nevertheless the standard method for cash flow management – a cash flow projection - does not produce...

The financial turmoil that hit Russia in August 1998 was extremely confusing to many foreign observers working in Russia. It was astonishing to see a country that seemed on its way to prosperity suddenly experiencing an economic meltdown. As part of my work, I was often asked to provide...

This article presents a model for budgetary allocation that was used by an international NGO for its aid program. The features of the model are explained and demonstrated. The model enables NGOs to allocate budgets based on impartial, objective and transparent criteria. It also presents...

This article presents a method for nonprofits to calculate a budgetary allocation which is consistent with their strategic goals. The method is based on the application of Analytic Hierarchy Process (AHP) to budgetary allocation. A proposed index, which is based on a comparison between the...

This article presents a benchmarking model for measuring the efficiency of organizations that provide humanitarian aid. The model was developed and implemented in the framework of a large international aid program. The model is based on measuring the labor productivity of each organization that...

The English version of this paper can be found at http://ssrn.com/abstract=1667575 תקציר בעברית: התקציב הוא אחד מכלי הניהול העיקריים שעומדים לרשות הנהלת הארגון ומשמש להקצאת משאבים יעילה, ולמעקב אחרי...

Third sector scholarship has long neglected the issue of excessive organizational duplication and its possible negative effects on efficiency. With the Israeli third sector ranking among the largest in the world and at a time in which the government is looking to further empower Israeli NGOs, it...