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Responding to COVID‐19: International nonprofits' stakeholder channels, resource pressures and governance responses
Author(s) -
Willems Emma L.,
Van Puyvelde Stijn,
Jegers Marc,
Raeymaeckers Peter
Publication year - 2022
Publication title -
journal of contingencies and crisis management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.007
H-Index - 51
eISSN - 1468-5973
pISSN - 0966-0879
DOI - 10.1111/1468-5973.12421
Subject(s) - stakeholder , safeguarding , resource dependence theory , business , corporate governance , resource (disambiguation) , covid-19 , pandemic , public relations , environmental resource management , political science , economics , finance , management , disease , infectious disease (medical specialty) , medicine , computer network , nursing , pathology , computer science
The coronavirus disease 2019 (COVID‐19) health crisis imposes severe pressures on nonprofit organizations, which must be resilient to respond effectively to extreme environmental tensions. We combined resource dependence theory with stakeholder theory to frame to what extent nonprofits experienced resource pressures through various stakeholder channels and the nonprofit governance responses. We empirically investigated international medical research and education nonprofits during the COVID‐19 pandemic. Our results indicate resource decreases in nearly all stakeholder channels. In response, nonprofit boards increased activity levels by mainly focusing on adapting organizational offerings and increasing support to the organization. Managerial executives also increased their activity levels, by focusing on safeguarding financial stability, planning and adapting operations to confinement measures.