The Sustainable Growth Rate of Non–profit Organisations: The Effect of Efficiency, Profitability and Capital Structure |
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| Authors: | Marc Jegers |
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| Affiliation: | Vrije Universiteit Brussel, Belgium; |
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| Abstract: | The activity growth of non–profit organisations is financially contrained by their efficiency, profitability and capital structure. In this paper, a very general expression relating these four organisational parameters is derived and its practical use is discussed. |
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| Keywords: | non-profit organisations activity growth efficiency profitability capital structure |
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