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Center for Social Innovation

 

Research Project

National Bureau for Economic Research (NBER) Project on Nonprofit Organizations

Stanford Graduate School of Business professor Daniel Kessler is conducting research for the National Bureau for Economic Research (NBER) Project on Nonprofit Organizations. To date, research in industrial organization, corporate finance, and public economics has made significant strides in the analysis of the objectives of and decisions about organization, investment, financing, management, and compensation in private for-profit firms. At the same time, although non-profit firms are an important component of economic activity in the US and other countries (and sometimes compete with for-profit firms), economic analysis of the organization of and decision-making by non-profit firms is relatively rare. This project seeks 1) to identify the objectives of non-profit firms and how they differ (if at all) from simple profit maximization and 2) to assess the consequences of such differences in objectives for the behavior and performance of non-profit firms.