Non-profit and for-profit entrepreneurship: a trade-off under liquidity constraint

被引:0
|
作者
Karine Chapelle
机构
[1] University of Rouen,Centre for Analysis and Research in Economics (CARE)
[2] University of Le Havre,Faculté des Affaires Internationales
关键词
Non-profit firm; For-profit firm; Liquidity constraint; Entrepreneurial entry; Managerial efficiency; Allocative efficiency;
D O I
暂无
中图分类号
学科分类号
摘要
Many non-profit enterprises are created ex-nihilo by individuals. The choice of non-profit status may be all the more surprising since this legal form denies founders the right to appropriate profits from the invested capital. The aim of this article is to understand the reasons why some individuals decide to create non-profit organisations instead of for-profit firms and do so under liquidity constraint. The model suggests that non-profit organisations enter at higher optimal levels of production, and are more constrained by access to credit. Moreover, non-profit entrepreneurs are more managerially efficient than their for-profit counterparts. However they cannot allocate capital as efficiently as the for-profit firms would do.
引用
收藏
页码:55 / 80
页数:25
相关论文
共 50 条
  • [41] For-profit medical institutions in China: current status analysis and comparison with non-profit ones
    Qiu, Lan
    Yu, Yuanyuan
    Liu, Jingjing
    Hu, Hao
    Wang, Yitao
    JOURNAL OF PHARMACEUTICAL HEALTH SERVICES RESEARCH, 2014, 5 (01) : 37 - 47
  • [42] CONFLICT OF INTEREST IN ACADEMICS Conflicts in serving both non-profit and for-profit medical centres
    Angell, Marcia
    BMJ-BRITISH MEDICAL JOURNAL, 2015, 351
  • [43] FROM FOR-PROFIT ORGANIZATIONS TO NON-PROFIT ORGANIZATIONS: THE DEVELOPMENT OF KNOWLEDGE MANAGEMENT IN A PUBLIC LIBRARY
    Holm, Kristen
    Kirkpatrick, Kelly
    Rathi, Dinesh
    MANAGING KNOWLEDGE FOR GLOBAL AND COLLABORATIVE INNOVATIONS, 2010, 8 : 363 - 374
  • [44] A Bioeconomic Model of Non-profit and For-profit National Parks Integrating Locals in Biodiversity Conservation
    Xie, Zijin
    Onuma, Ayumi
    ENVIRONMENTAL & RESOURCE ECONOMICS, 2023, 86 (03): : 509 - 532
  • [45] MANAGERS' MOTIVES FOR TRANSFORMATION OF NON-PROFIT ORGANIZATION INTO A FOR-PROFIT ORGANIZATION ON THE EXAMPLE OF MICROCREDIT ORGANIZATION
    Vujic, Sasa
    Vujic, Slobodan
    INTERDISCIPLINARY MANAGEMENT RESEARCH VI, 2010, 6 : 877 - +
  • [46] Board Processes, Board Strategic Involvement, and Organizational Performance in For-profit and Non-profit Organizations
    Hongjin Zhu
    Pengji Wang
    Chris Bart
    Journal of Business Ethics, 2016, 136 : 311 - 328
  • [47] Social entrepreneurship orientation and performance in non-profit organizations
    Francisco do Adro
    Cristina I. Fernandes
    Pedro M. Veiga
    Sascha Kraus
    International Entrepreneurship and Management Journal, 2021, 17 : 1591 - 1618
  • [48] Social entrepreneurship orientation and performance in non-profit organizations
    do Adro, Francisco
    Fernandes, Cristina, I
    Veiga, Pedro M.
    Kraus, Sascha
    INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL, 2021, 17 (04) : 1591 - 1618
  • [49] Biases in low-information environments: Understanding for-profit and non-profit salary differentials in Haiti
    DeMattee, Anthony J.
    Rutherford, Alasdair C.
    JOURNAL OF INTERNATIONAL DEVELOPMENT, 2021, 33 (07) : 1141 - 1165
  • [50] Cultural relativism and ideological policy makers in a general equilibrium model with for-profit and non-profit enterprises
    Bonatti, Luigi
    RESEARCH IN ECONOMICS, 2008, 62 (01) : 1 - 15