A total eclipse of the heart: compensation strategies in entrepreneurial nonprofits

Moulick, Abhisekh Ghosh; Alexiou, Kostas; Kennedy, Elena Dowin; Parris, Denise Linda

doi:10.1016/j.jbusvent.2019.105950

Cited by 6 publications

(5 citation statements)

References 87 publications

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“…Future research examining the spillover effects of crowdfunding campaigns by employing network analysis or related techniques may provide particularly fruitful insights. Furthermore, recent research has examined the dynamics of resource dependence in entrepreneurial nonprofits (Moulick et al, 2019). Another explanation may be related to shifting resource dependence as ventures mature and financial risk is decreased—crowdfunding may act as a mechanism that insulates younger organizations from financial risk by diversifying the portfolio of contributed revenue and permitting managers to be more ambitious in future fundraising.…”

Section: Discussionmentioning

confidence: 99%

“…For this analysis, this was deemed the best proxy for the size of the organization because it is not highly correlated with the organization’s contributed revenue. As a robustness check, following prior research using this data (Kim, 2017; Moulick et al, 2019), additional models were conducted controlling for conventional variables such as Total Assets and Total Earned Revenue as financial measures of organization size.…”

Section: Variables and Modelmentioning

confidence: 99%

See 1 more Smart Citation

Crowdfunding Acts as a Funding Substitute and a Legitimating Signal for Nonprofit Performing Arts Organizations

Alexiou

Wiggins

Preece

2020

Nonprofit and Voluntary Sector Quarterly

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This research examines the relationship between crowdfunding campaigns by nonprofit performing arts organizations and their overall fundraising portfolio. Using a dataset compiled from the CrowdBerkeley Initiative and the Cultural Data Project, we find an important link between campaign success and organization age. For young organizations, crowdfunding success attracts funding in the subsequent year, while a failed campaign significantly hampers the organization’s ability to raise funds, suggesting that crowdfunding acts as a legitimating signal. In contrast, older organizations appear to be insulated from the negative effects of a failed campaign. In addition, higher amounts raised in the campaign are associated with a substitution or “crowding out” effect for other types of funding for young organizations, but this effect reverses for older organizations. This suggests that crowdfunding should not only be considered a tool for younger organizations, but also holds promise for established organizations.

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Section: Discussionmentioning

confidence: 99%

Section: Variables and Modelmentioning

confidence: 99%

Crowdfunding Acts as a Funding Substitute and a Legitimating Signal for Nonprofit Performing Arts Organizations

Alexiou

Wiggins

Preece

2020

Nonprofit and Voluntary Sector Quarterly

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“…There are some hybrid cases such as accelerators established by collaboration of for-profit investors and public agents or national accelerators and corporates. Our approach accords with prior studies that find many organizational types and economic systems exist that do not fit clear boundaries (e.g., Hall and Soskice, 2001;Moulick et al, 2020). Nevertheless, we set clear boundaries between categories to discern unambiguous sub-niche dynamics.…”

Section: Analysis Part 1: Accelerator Sub-niche Categorizationmentioning

confidence: 74%

Accelerator niches in an emerging entrepreneurial ecosystem: New York city

Clayton

Feldman

2022

Local Economy: The Journal of the Local Economy Policy Unit

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Although the literature on accelerators, an important and newer model of entrepreneurial support, considers their performance and the definition of the form, little is known about how accelerators populate in a single ecosystem over time. We find accelerators are established by different types of entities such as non-profit organizations, local governments, universities, and even foreign government agencies with different goals. Based on a novel dataset of all 107 accelerator programs that ever operated in New York City, we propose a new way of categorizing accelerators by their founding attributes. We confirm that the emergence of accelerators in New York City started with the entry of non-profit accelerators for the purpose of local economic development. For-profit actors followed. Accelerators began from the periphery of the city’s geographic boundaries, but over time became concentrated in Manhattan. We also observe a shift toward sector specialization. Our contributions are to examine the development of one entrepreneurial support organization over time in one ecosystem, present a method to categorize accelerators based on their sub-niches, and to provide evidence of a catalyzing role of local government in fostering ecosystem emergence.

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“…Eikenberry and Kluver (2004) argue that commercial income may lead non-profits to compromise their contributions to civil society for instance by: favouring clients who can pay, ignoring complex clients, and discouraging civic participation. Indeed, non-profits with commercial income ventures report negative impacts to their mission and service delivery (Guo 2006) and decreased compensation to their employees (Ghosh Moulick et al 2020). The risk of mission drift is a known problem in social enterprise (Cornforth 2014).…”

Section: Research and Theory On Social Enterprisementioning

confidence: 99%