The Governance of Not-for-profit Organizations

by Glaeser, Edward L.

• ISBN13: 9780226297880
• ISBN10: 0226297888
• Format: Paperback
• Copyright: 2006-05-15
• Publisher: Univ of Chicago Pr

Summary

Not-for-profit organizations play a critical role in the American economy, but little attention is paid to the pressures and challenges that affect their governance. We know such firms don't try to maximize profits, but what do they maximize? The Governance of Not-for-Profit Organizations tackles that question head-on, assembling experts on the not-for-profit sector to examine the diverse and wide-ranging concerns of universities, art museums, health care providersand 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 like hospital advertising. The picture that emerges is complex and surprisingone in which some institutions function as efficiently as for-profit firms while others appear to be maximizing the interests of their elite workers, rather than those of their donors, customers, or society at large.

Author Biography

Edward L. Glaeser is professor of economics at Harvard University and a research associate of the National Bureau of Economic Research. He is the editor of the Quarterly Journal of Economics and coauthor, with Alberto Alesina, of Fighting Poverty in the U.S. and Europe: A World of Difference.

Table of Contents

Acknowledgements

Introduction

Ownership Form and Trapped Capital in the Hospital Business

Does Governance Matter? The Case of Art Museums

HMO Penetration, Ownership Status, and the Rise of Hospital Advertising

Objective Functions and Compensation Structures in Nonprofit and For-Profit Organizations: Evidence from the ""Mixed"" Hospital Industry

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