Revenue Diversification in Nonprofit Organizations: Does it Lead to Financial Stability?

By D. Carroll, Keely Jones Stater. 2009

568 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5ce628caca4cef27fda174af3c1a029116c6a958

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Citations in the corpus

Building Nonprofit Financial Capacity (2014, methodology): “As is consistent with prior research (e.g., Carroll & Stater, 2009; Jegers, 1997; Kingma, 1993; White, 1983), being less concentrated increases organizational financial stability.”
Social Enterprises as Hybrid Organizations: A Review and Research Agenda (2014, background): “…studies of the pursuit of dual mission have challenged the overly positive accounts of SE and explain how hybridity may lead to mission drift (Carroll and Stater 2009; Jones 2007; Pache and Santos 2010) in which the social objectives of the SE are sacrificed to achieve financial…”
The Impact of Revenue Diversification on Nonprofit Financial Health: A Meta-analysis (2018, background): “Carroll and Stater (2009) use the fixed model in their study to incorporate the assumption that error terms are correlated with the model’s independent variables.”
Venturing for Others with Heart and Head: How Compassion Encourages Social Entrepreneurship (2012, background): “First, integrative thinking can produce the view that profit is a means of increasing organizational viability and sustainability by stabilizing revenue and risk exposure (Carroll & Stater, 2009; Froelich, 1999; Mair & Marti, 2006).”
The Impact of Revenue Diversification on Expected Revenue and Volatility for Nonprofit Organizations (2014, methodology): “However, the question of whether revenue diversification stabilizes revenue for nonprofit organizations has been investigated only recently in an important contribution by Carroll and Stater (2009). They analyze panel data covering all nonprofits required to file Internal Revenue Service (IRS) 990 f”
Nonprofit Sector Growth and Density: Testing Theories of Government Support (2013, methodology): “The use of policy tools to ensure nonprofit performance (Sandfort, Selden, and Sowa 2008) and the stability of nonprofits as a result of revenue diversification (Carroll and Stater 2009) both suggest that the relationship between government funding and nonprofit organizations is complex.”
Diversification Reconsidered: The Risks and Rewards of Revenue Concentration (2011, background): “Several studies have suggested that revenue diversification may lead to lower levels of financial distress in nonprofits (Chang and Tuckman 1996, Froelich 1999, Hager 2001, Greenlee 2002, Carroll and Stater 2009).”
Public service innovation and multiple institutional logics: The case of hybrid social enterprise providers of health and wellbeing (2017, background): “How are the logics of the state, market and civil society manifested in the innovative activities of public service hybrid organisations? Previous studies have examined the tensions between different logics, with research focussing on the idea of the ‘marketization’ of nonprofit organisations (Eiken”
Why So Many Measures of Nonprofit Financial Performance? Analyzing and Improving the Use of Financial Measures in Nonprofit Research (2016, unknown): “…2005; Ohlson, 1980), long-term solvency (Weikart et al., 2013), equity (Hodge & Piccolo, 2005; Trussel, 2002; Trussel et al., 2002), flexibility (Carroll & Stater, 2009), leverage (Bacon, 1992; Bowman, 2002; Calabrese, 2011b; Keating & Frumkin, 2001), debt (Ryan & Irvine, 2012), and…”