Purpose: The purpose of this paper is to test the theory of optimal monitoring, which posits that more generous county homestead exemptions lower the incentive for residents to monitor school operations, thereby increasing inefficiency in service outcomes. Design/methodology/approach: This...

This article investigates whether revenue diversification leads to greater stability in the revenue structures of nonprofit organizations. Our findings suggest that nonprofits can indeed reduce their revenue volatility through diversification, particularly by equalizing their reliance on earned...