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The concept “social enterprise”, despite being widespread, is still of difficult interpretation. What is certain is that social enterprises bring great benefits to different communities or groups of disadvantaged people by managing economic activities. This paper analyzes the situation of...
Persistent link: https://www.econbiz.de/10014036723
This paper's purpose is to compare nonprofits with pass-throughs in terms of valuation, leverage, and growth. To achieve this purpose, we use the Capital Structure Model. This model determines maximum firm valuation through incorporating real data (tax rates, credit spreads, and historical...
Persistent link: https://www.econbiz.de/10013200338
organization without endowments under asymmetric information. The non-profit is able to adapt its organization by establishing a …
Persistent link: https://www.econbiz.de/10013208621
organization without endowments under asymmetric information. The non-profit is able to adapt its organization by establishing a …
Persistent link: https://www.econbiz.de/10010734783
I study the competition between one nonprofit and one for-profit firm under various objective functions of the … nonprofit firm. The two firms optimize their objectives with respect to quality and price of their products. The nonprofit firm … decrease, and consumer and total surplus increase. For the case of quality maximization pursued by the nonprofit firm, I derive …
Persistent link: https://www.econbiz.de/10005086616
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...
Persistent link: https://www.econbiz.de/10005836379
literature on the pricing and rationing behaviour of nonprofit firms. Within our theoretical model, we find ambiguous reactions …
Persistent link: https://www.econbiz.de/10008515967
How do managers in Not-For-Profit organizations conceptualize their career success? While the for-profit sector provides more objective measures such as salary level or position in the hierarchy, Not For Profit Organizations often lack hard and fast metrics. This work seeks to develop a...
Persistent link: https://www.econbiz.de/10005704598
We study the conditions under which it is rational for a representative entrepreneur to start a nonprofit firm. Taking … find that the nonprofit organizational form becomes unequivocally more attractive to entrepreneurs if enforcement of the … non-distribution constraint is weak. We also nd that the quality delivered by nonprofit firms is lower under weak …
Persistent link: https://www.econbiz.de/10005146540
A homogenous goods market with nonprofit and profit companies engaged in monopolistic competition is proposed. In a …. However, nonprofit companies under a long run zero profit constraint will act inefficiently and have higher marginal costs … than profit companies. From this follows that more funds for donations to nonprofit companies reduce the welfare to be …
Persistent link: https://www.econbiz.de/10009149975