The Impact of Revenue Diversification on Expected Revenue and Volatility for Nonprofit Organizations

We investigate the relationship between revenue diversification and volatility for nonprofits. Modern portfolio theory suggests that more diversification reduces volatility at the expense of reduced expected revenue. We find that this relationship should not be taken for granted. We use a new empiri...

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Bibliographic Details

Published in:	Nonprofit and voluntary sector quarterly Vol. 43; no. 2; pp. 374 - 392
Main Authors:	Mayer, Walter J., Wang, Hui-chen, Egginton, Jared F., Flint, Hannah S.
Format:	Journal Article
Language:	English
Published:	Los Angeles, CA SAGE Publications 01-04-2014 SAGE PUBLICATIONS, INC
Subjects:	Diversification Donations Nonprofit organizations Revenue Studies Volatility revenue volatility nonprofit organizations revenue diversification
Online Access:	Get full text
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