Debt, donors, and the decision to give
Bibliographic Data
| ID | 20201690 |
|---|---|
| Authors | Thad D Calabrese (0000-0002-9398-8817, Baruch College), Thad Calabrese, Cleopatra Grizzle (School of Public Affairs and Administration, Rutgers, The State University of New Jersey) |
| Year | 2012 |
| Volume | 24 |
| Issue | 2 |
| Pages | 221-254 |
| Publication date | 2012-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Budgeting Accounting & Financial Management (JOURNAL) |
| Journal identifiers | ISSN: 1096-3367 • E-ISSN: 1945-1814 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/jpbafm-24-02-2012-b003 |
| OpenAlex | W2186950072 |
| Language | EN |
| Citations received | 5 |
| References cited | 42 |
Despite the enormous size of the nonprofit sector, there has been very little empirical research done on the capital structure of nonprofit organizations, and no one has examined the potential effects of borrowing on individual contributions. Using a representative sample of nonprofits, the empirical analysis first determines whether secured or unsecured borrowing by nonprofits influence future contributions. The results for the full sample support a "crowding-out" effect. When the analysis is repeated on a subsample of nonprofits that are older, larger, and more dependent upon donations, the results are more ambiguous: secured debt has little or no effect, while unsecured debt has a "crowd-in" effect. The empirical analysis is then expanded to test whether nonprofits with higher than average debt levels have different results than nonprofits with below average debt levels. The results suggest that donors do remove future donations when a nonprofit is more highly leveraged compared to similar organizations
Business · Capital structure · Crowding out · Debt · Demographic economics · Economics · Empirical evidence · Empirical research · Monetary economics · Public economics · Community Development and Social Impact · Nonprofit Sector and Volunteering · Social Capital and Networks · Finance
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Analysis of Panel Data
Managing for Value
Diversification of Revenue Strategies
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The variability of individual charitable giving in the US
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An Accurate Measurement of the Crowd-out Effect, Income Effect, and Price Effect for Charitable Contributions
Buddy, Can You Spare A Dime
Is There a Dark Side to Government Supportfor Nonprofits
Public Budgeting Systems
The Missing Link
Walking the Walk” of Public Service Motivation
Does Publicizing a Tax Credit for Political Contributions Increase Its Use
The Role of Nonprofit Enterprise
Does Government Funding Suppress Nonprofits' Political Activity
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,56 |
| Citation span | 2017 - 2025 (9) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |