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The Sustainable Growth Rate of Non–profit Organisations: The Effect of Efficiency, Profitability and Capital Structure
Author(s) -
Jegers Marc
Publication year - 2003
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/1468-0408.00176
Subject(s) - profitability index , business , profit (economics) , capital structure , sustainable growth rate , industrial organization , profit rate , business administration , finance , microeconomics , monetary economics , economics , debt
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.