Nonprofit organizations are arguably the fastest growing and most dynamic part of modern market economies in democratic countries. This book explores the frontiers of knowledge at the intersection of economics and the management of these entities. The authors review the role, structure and behavior of private, nonprofit organizations as economic units and their participation in markets and systems of public service delivery, assess the implications of this knowledge for the efficient management of nonprofit organizations and the formulation of effective public policy, and identify cutting-edge questions for future research.
Chapters address five broad categories of scholarship: development and management of the diverse economic resources supporting nonprofit organizations; market behavior of nonprofits; strategic economic decision-making; evaluation and performance of them; and impacts and implications of public policies affecting nonprofit organizations. Topics include: income diversification and crowd-out among income sources, paid and volunteer labor markets, competition and collaboration among nonprofits and for-profits, pricing and diversification of nonprofit products and services, performance measurement and regulation, contracting, franchising and federation practices, and government taxation and funding.
The book will help nonprofit scholars identify new areas of productive research, help practicing managers understand the underlying economics of their decision-making, and offer teachers and students a concise and penetrating view of key economic dimensions to managing nonprofit organizations.
Edited by Bruce A. Seaman, Associate Professor of Economics, Andrew Young School of Policy Studies, Georgia State University and Dennis R. Young, Editor, Nonprofit Policy Forum Chair, Research Advisory Network, National Center on Nonprofit Enterprise, Professor Emeritus, Georgia State University and Visiting Professor, Jack, Joseph and Morton Mandel School of Applied Social Sciences, Case Western Reserve University, US
Contents: Foreword James Alm Introduction: The Frontiers of Economics and Nonprofit Management Research Bruce A. Seaman and Dennis R. Young 1. Income Diversification Cyril F. Chang and Howard P. Tuckman 2. Revenue Interactions: Crowding Out, Crowding In, Or Neither? Daniel Tinkelman 3. Distribution Policies of Private Foundations Richard Sansing 4. Capital Formation Robert J. Yetman 5. Asset Composition Woods Bowman 6. Collaboration versus Competition in the Third Sector Renee A. Irvin 7. Markets with Competition between For-profit and Nonprofit Firms Eleanor Brown 8. Nonprofit Wages: Theory and Evidence Anne E. Preston and Daniel W. Sacks 9. Modeling Nonprofit Behavior Patricia Hughes and William Luksetich 10. Pricing Strategies Bruce A. Seaman 11. Nonprofits and the Value of Risk Management Martin F. Grace 12. Contracting Out Salvatore Alaimo 13. Product Diversification and Social Enterprise Sharon M. Oster 14. Internal Organization and Governance Vladislav Valentinov 15. Franchises and Federations: The Economics of Multi-site Nonprofit Organizations Dennis R. Young and Lewis Faulk 16. The Valuation of Volunteer Labor Laura Leete 17. Assessing Nonprofit Performance Joseph J. Cordes and Katherine Coventry 18. Social Accounting for Value Creation in Nonprofits Laurie Mook and Femida Handy 19. Certification and Self-regulation of Nonprofits, and the Institutional Choice between Them Andreas Ortmann and Jan Myslivecek 20. Federal Tax Policy Michael Rushton 21. The Property Tax Exemption for Nonprofits David L. Sjoquist and Rayna Stoycheva 22. Government Funding Policies Stefan Toepler Index