Portfolio Theory and Nonprofit Financial Stability

Bruce R. Kingma

115 citations0/0 files storedNonprofit and Voluntary Sector Quarterly

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Nonprofit Sector and Volunteering Risk and Portfolio Optimization Community Development and Social Impact

Abstract

This article models and tests for the factors that influence financial predictability for a nonprofit organization. Financial portfolio theory is used to model a nonprofit organization's optimal combination of revenue streams in order to minimize financial risk. The optimal combination of funding from government and other sources depends on the variance and covariance between the sources of revenue. Data from nonprofit foster care organizations in New York State are used to show that nonprofit organizations that are more dependent on government funding as a source of revenue have more predictable revenues.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 115 citations exist upstream.

References

1983The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields 1984Dimensions of Organizational Task Environments 1982Modern Portfolio Theory and Investment Analysis.1984Organizational Environments: Ritual and Rationality 1991A Methodology for Measuring the Financial Vulnerability of Charitable Nonprofit Organizations 1980Environmental Linkages and Power in Resource-Dependence Relations Between Organizations 1990Numerical techniques in finance

Cited by

1999Diversification of Revenue Strategies: Evolving Resource Dependence in Nonprofit Organizations 2018Sustainability in social enterprise: hybrid organizing in public services 2012The Impact of Revenue Diversification on Expected Revenue and Volatility for Nonprofit Organizations 2008Revenue Structure and Nonprofit Borrowing 2004Ethical investment of German non‐profit organizations – conceptual outline and empirical results 2021Resilience in Vulnerable Small and New Social Enterprises

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.