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The Impact of Board Diversity and Expertise on Nonprofit Performance
Author(s) -
Harris Erica E.
Publication year - 2014
Publication title -
nonprofit management and leadership
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.844
H-Index - 54
eISSN - 1542-7854
pISSN - 1048-6682
DOI - 10.1002/nml.21115
Subject(s) - diversity (politics) , accounting , business , sample (material) , work (physics) , nonprofit organization , gender diversity , public relations , survey research , corporate governance , political science , finance , business administration , engineering , mechanical engineering , chemistry , chromatography , law
This study examined the impact of board of director characteristics on nonprofit performance. Using data collected through a survey of nonprofit colleges and universities, the author provides evidence that specific board member characteristics are vital in shaping the financial and nonfinancial success of nonprofit institutions of higher education. Results indicate that both board member diversity and expertise are associated with better‐performing organizations. This work makes important initial forays into the relationships between board of director qualities and nonprofit performance. Although limited by the relatively small sample of colleges and universities, this study is unique in its ability to analyze nonprofit boards and both financial and nonfinancial performance measures.