Abstract
This study advances the notion that the observed instability of nonprofit human service organizations may be inherent to the institutional environment and that decisions to save in order to smooth resources across the business cycle may be, in part, outside of the control of any single organization. The conclusion drawn from the analysis points to a need for more sufficient reserve funds in the sector. But, the discussion of barriers in the institutional environment raises the caution that increasing reserve funds in these organizations cannot simply be done by encouraging better financial management practices. Consideration has to be given to reducing the barriers created by the set of complex perspectives and norms that affect the legitimacy of surplus accumulation.
Original language | English (US) |
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Title of host publication | Local Government Budget Stabilization |
Subtitle of host publication | Explorations and Evidence |
Publisher | Springer International Publishing |
Pages | 191-202 |
Number of pages | 12 |
ISBN (Electronic) | 9783319151861 |
ISBN (Print) | 9783319151854 |
DOIs | |
State | Published - Jan 1 2015 |
ASJC Scopus subject areas
- General Social Sciences