Book

The Governance of Not-for-Profit Organizations

Edited by Edward L. Glaeser

Published by University of Chicago Press

Published in print August 2003 | ISBN: 9780226297859
Published online February 2013 | e-ISBN: 9780226297866 | DOI: http://dx.doi.org/10.7208/chicago/9780226297866.001.0001
The Governance of Not-for-Profit Organizations

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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 do not try to maximize profits, but what do they maximize? This book attempts to answer that question, assembling experts on the economics of the not-for-profit sector to examine the problems of the health care industry, art museums, universities, and even the medieval church. Contributors look at a number of different aspects of not-for-profit operations, from the problems of fundraising, endowments, and governance to specific issues such as hospital advertising. The picture that emerges is complex and surprising. In some cases, not-for-profit firms appear to work extremely well: competition for workers, customers, and donors leads not-for-profit organizations to function as efficiently as any for-profit firm. In other contexts, large endowments and weak governance allow elite workers to maximize their own interests, rather than those of their donors, customers, or society at large. Taken together, these papers greatly advance our knowledge of the dynamics and operations of not-for-profit organizations, revealing the under-explored systems of pressures and challenges that shape their governance.

Keywords: American economy; health care; education; culture; religion; donors; customers; employees; society; not for profit

Book.  255 pages.  Illustrated.

Subjects: Financial Markets

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Table of Contents

Introduction in The Governance of Not-for-Profit Organizations

Chapter

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Ownership Form and Trapped Capital in the Hospital Industry in The Governance of Not-for-Profit Organizations

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Does Governance Matter? in The Governance of Not-for-Profit Organizations

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A Renaissance Instrument to Support Nonprofits in The Governance of Not-for-Profit Organizations

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Theories of Firm Behavior in the Nonprofit Sector in The Governance of Not-for-Profit Organizations

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The Role of Nonprofit Endowments in The Governance of Not-for-Profit Organizations

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