Portfolio Theory and Nonprofit Financial Stability: A Comment and Extension-Reference-Cited by-同舟云学术

Portfolio Theory and Nonprofit Financial Stability: A Comment and Extension

Published:1997-03 Issue:1 Volume:26 Page:65-72
ISSN:0899-7640
Container-title:Nonprofit and Voluntary Sector Quarterly
language:en
Short-container-title:Nonprofit and Voluntary Sector Quarterly

Author:

Jegers Marc¹

Affiliation:

1. Vrije Universiteit Brussel

Abstract

The contribution of Kingma (1993) to NPO theory is discussed and enlarged. Portfolio theory in interaction with utility theory is shown to be a very useful instrument to model nonprofit organization (NPO) financing. Furthermore, it is suggested that portfolio theory is partially useful to model the NPO investment decision. Some essential elements of such a theory are presented.

Publisher

SAGE Publications

Subject

Social Sciences (miscellaneous)

Link

http://journals.sagepub.com/doi/pdf/10.1177/0899764097261006

Reference8 articles.

1. The Rationale for Exempting Nonprofit Organizations from Corporate Income Taxation

2. The Capital Structure Puzzle

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