IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/59494.html
   My bibliography  Save this paper

The Survival of Nonprofits in the United States

Author

Listed:
  • Henson, James

Abstract

The ability of publicly available tax information to determine the survival of nonprofit organizations is analyzed. Survival analysis estimates the predictive power and hazard ratios of several financial variables. The tax information comes from the National Center for Charitable Statistics (NCCS) 1998-2003 data on nonprofit organizations. The data includes 110,758 total organization and 1,857 failed organizations. The results show assets and return on assets had the greatest effect on survival time. The variables for equity ratio, months of spending, markup, and liquidity were not shown to have a clear and significant impact on survival time in nonprofits.

Suggested Citation

  • Henson, James, 2014. "The Survival of Nonprofits in the United States," MPRA Paper 59494, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59494
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/59494/1/MPRA_paper_59494.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tjalling van der Goot & Noud van Giersbergen & Michiel Botman, 2009. "What determines the survival of internet IPOs?," Applied Economics, Taylor & Francis Journals, vol. 41(5), pages 547-561.
    2. Bharat A. Jain & Omesh Kini, 1999. "The Life Cycle of Initial Public Offering Firms," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(9‐10), pages 1281-1307, November.
    3. Douglas A. Hensler & Ronald C. Rutherford & Thomas M. Springer, 1997. "The Survival Of Initial Public Offerings In The Aftermarket," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 20(1), pages 93-110, March.
    4. Christopher F Baum & Austin Nichols & Mark E Schaffer, 2010. "Evaluating one-way and two-way cluster-robust covariance matrix estimates," BOS10 Stata Conference 11, Stata Users Group.
    5. Bharat A. Jain & Omesh Kini, 1999. "The Life Cycle of Initial Public Offering Firms," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(9-10), pages 1281-1307.
    6. Andre Paul Lamberto & Subhrendu Rath, 2010. "The Survival Of Initial Public Offerings In Australia," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 4(1), pages 133-147.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shima Amini & Sofia Johan & Eilnaz Kashefi Pour & Abdulkadir Mohamed, 2023. "Employee Welfare, Social Capital, and IPO Firm Survival," Entrepreneurship Theory and Practice, , vol. 47(6), pages 2174-2204, November.
    2. Colak, Gonul & Fu, Mengchuan & Hasan, Iftekhar, 2022. "On modeling IPO failure risk," Economic Modelling, Elsevier, vol. 109(C).
    3. Espenlaub, Susanne & Goyal, Abhinav & Mohamed, Abdulkadir, 2020. "The impact of shareholders and creditors rights on IPO performance: An international study," The British Accounting Review, Elsevier, vol. 52(1).
    4. Cécile Carpentier & Jean-Marc Suret, 2009. "The Survival and Success of Canadian Penny Stock IPOs," CIRANO Working Papers 2007s-28, CIRANO.
    5. Garima Baluja, 2018. "Does Size Matter for IPO Survival? Empirical Evidence from India," Vision, , vol. 22(1), pages 88-104, March.
    6. Kooli, Maher & Zhang, Aoran & Zhao, Yunfei, 2022. "How IPO firms' product innovation strategy affects the likelihood of post-IPO acquisitions?," Journal of Corporate Finance, Elsevier, vol. 72(C).
    7. Tobias Schmidt & Michael J. Dowling & Christian Lechner, 2006. "The Impact of Initial Public Offerings on the External Growth Strategies of Entrepreneurial Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 11(2), pages 95-110, Summer.
    8. Boucher, Carène & Kooli, Maher, 2022. "Anatomy of money-losing IPOs," Research in International Business and Finance, Elsevier, vol. 60(C).
    9. Feng, Cong & Patel, Pankaj C. & Xiang, Kexin, 2020. "The well-trodden path: Complementing market and entrepreneurial orientation with a strategic emphasis to influence IPO survival in the United States," Journal of Business Research, Elsevier, vol. 110(C), pages 370-385.
    10. Nilabhra Bhattacharya & Elizabeth Demers & Philip Joos, 2010. "The Relevance of Accounting Information in a Stock Market Bubble: Evidence from Internet IPOs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(3-4), pages 291-321.
    11. Wiggenhorn, Joan & Gleason, Kimberly C. & Madura, Jeff, 2007. "Going public to pursue acquisitions," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(2), pages 331-351, May.
    12. Dominic Gasbarro & Sunil Bundoo & J. Kenton Zumwalt, 2003. "Underpricing and Aftermarket Performance of IPO Firms in Mauritius," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 2(3), pages 315-335, September.
    13. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York.
    14. Ozdemir, Ozgur & Upneja, Arun, 2016. "The role of internationalization on the IPO performance of service firms: Examination of initial returns, long-run returns, and survivability," International Business Review, Elsevier, vol. 25(5), pages 997-1009.
    15. Catherine M. Daily & S. Trevis Certo & Dan R. Dalton & Rungpen Roengpitya, 2003. "IPO Underpricing: A Meta–Analysis and Research Synthesis," Entrepreneurship Theory and Practice, , vol. 27(3), pages 271-295, July.
    16. Garima Baluja & Balwinder Singh, 2016. "Lead Manager’s Reputation and Aftermarket Survival of Initial Public Offerings: Empirical Evidence from India," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 41(4), pages 384-404, November.
    17. Cressy, Robert & Farag, Hisham, 2014. "Stairway to heaven or gateway to hell? A competing risks analysis of delistings from Hong Kong's Growth Enterprise Market," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 195-205.
    18. Espenlaub, Susanne & Khurshed, Arif & Mohamed, Abdulkadir & Saadouni, Brahim, 2016. "Committed anchor investment and IPO survival – The roles of cornerstone and strategic investors," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 139-155.
    19. HONJO Yuji & KURIHARA Koki, 2021. "Graduation of Initial Public Offering Firms from Junior Stock Markets: Evidence from the Tokyo Stock Exchange," Discussion papers 21049, Research Institute of Economy, Trade and Industry (RIETI).
    20. Iftikhar Ahmad & Izlin Ismail & Shahrin Saaid Shaharuddin, 2021. "Predictive Role of Ex Ante Strategic Firm Characteristics for Sustainable Initial Public Offering (IPO) Survival," Sustainability, MDPI, vol. 13(14), pages 1-26, July.

    More about this item

    Keywords

    Survival Analysis; Nonprofit Organizations; Nonprofit Finance; 501(c);
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:59494. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.