000			01480nam a2200169 4500
999			_c509389 _d509389
008			190507b ||||| |||| 00| 0 eng d
100			_aCharles, Cleopatra _95120
245			_aNonprofit arts organizations: debt ratio does not influence donations - interest expense ratio does
260			_c2018
300			_ap.659-667.
520			_aDue to increased competition for scarce resources, scholars and practitioners have been devoting more attention to identifying the factors that drive private contributions to nonprofit organizations in recent years. This study aims to investigate whether capital structure decisions made by nonprofit managers have an impact on future contributions from individual donors. More specifically, it asks whether debt is associated with a reduction in future financial support. This study relies on data derived from the DataArts Cultural Data Profile to answer this question. It utilizes a log-log model where the dependent variable is defined as total private contributions in the current period. Results indicate that an increase in the interest expense to total expense ratio is associated with a decrease in future contributions. A nonprofit’s debt to assets ratio, however, does not have a statistically significant impact on future contributions. - Reproduced.
650			_aNon Profit Organizations _95121
650			_aPhilanthropy _95122
773			_aAmerican Review of Public Administration
906			_aDonations
942			_cAR