Best practices of financial sustainability: The case of accelerated development of Korean non-profit organizations
Main Article Content
Keywords
Nonprofit organizations, Republic of Korea, good practice codes, financial sustainability
Abstract
Beyoungri Danche success depends on the financial strategies their leaders use to make it sustainable over time. A literature review of best practices in Korean Beyoungri Danche and an exploratory research of web content in three successful organizations allow the learning of tactics from another culture that has demonstrated a high organizational level and strengthen the dialogue around a topic of common interest.
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References
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Alexander, J., Nank, R., & Stivers, C. (1999). Implications of welfare reform: Do nonprofit survival strategies threaten civil society. Nonprofit and Voluntary Sector Quarterly, 452–475.
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ANTHONY, R., & YOUNG, D. (1994). Accounting and financial management. The Jossey-Bass handbook of nonprofit leadership and management, 403-443.
Austin, J., Stevenson, H. & Wei-Skillern, J. (2006). Social and commercial entrepreneurship: same, different, or both? Entrepreneurship Theory and Practice, 1-22.
Bak, S.-P. (2001). NGO and Modern Society. Seoul.
Bardin, L. (2002). El análisis de contenido. España Ediciones Akal S.A.: Traducción de Cesar Suarez. 3er edición.
Bell, J., Masoka, J., & Zimmerman, S. (2010). Nonprofit sustainability: making strategic decisions for financial viability. San Francisco.
Bessel, K., Williams, C. L., & Klak, J. (2011). Nonprofit sustainability during times of uncertainty. Nonprofit management and leadership , 53-65.
Bidet, E. (2002). Explaining the Third Sector in South Korea. Journal of Voluntary and Nonprofit Organizations, 131–147.
Boeuf, B., Darveau, J., & Legoux, R. (2014). Financing creativity: Crowdfunding as a new approach for theatre projects. International Journal of Arts Management, 33-48.
Boschee, J. (1995). Social entrepreneurship. Across the Board, 20–25.
Boschee, J., & Mcclurg, D. (2003). Toward a Better Understanding of Social Entrepreneurship: Some Important Distinctions. Institute for Social Entrepreneurs, Minnesota.
Bowman, W. (2011). Financial Capacity and Sustainability of Ordinary Nonprofits. Nonprofit management and leadership, 37-51.
Bray, I. (2010). Effective fundraising for nonprofits: Real-world strategies that work. Berkley, Calif.: 3rd ed.
MAP | REVISTA MUNDO ASIA PACÍFICO22
Brinckerhoff, P. (2000). Social Entrepreneurship: The Art of Mission-Based Venture Development. New York: John Wiley.
Bryce, H. (1992). Financial and Strategic Management for Nonprofit Organizations. Englewood Cliffs, New Jersey:: Prentice Hall.
Buchheit, s., & Parsons, L. M. (2006). An experimental investigation of accounting information’s influence on the individual giving process. Journal of accounting and public policy, 666-686.
Carman, J. G. (2001). Community foundations: A growing resource for community development . nonprofit management and leadership, 7-24.
Carroll, D., & Stater, K. (2009). Revenue diversification in nonprofit organizations: does it lead to financial stability? Journal of Public Administration Research and Theory, 974-966.
Cho, D. (2007). Social Movement & non-govermental organizations in SOUFT KOREA. Seoul: Arche.
Choi, S., & Yang, S. (2011). Understanding Challenges and Opportunities in the Nonprofit Sector in Korea. International Review of Public Administration, 51-69.
Chung, C.-H. (2003). The Locus of Civil Society in Korea: Dynamics since 1970s. Seoul.
Driessens, O., Joye, S., & Biltereys, D. (2012). The X-factor of charity: a critical analysis of celebrities’ involvement in the 2010 Flemish and Dutch Haiti relief shows. Media culture & society, 709-725.
Echeverri, O. (2008). Mercantilización de los servicios de salud para el desarrollo: el caso de Colombia. Rev Panam Salud Publica, 210-216.
Eikenberry, A. M. (2008). Fundraising in the new philanthropy environment: The benefits and challenges of working with giving circles. Nonprofit management and leadership , 141-152.
ELKIN, R. (1985). Paying the Piper and Calling the Tune: Accountability in the Human Service. Administration in Social Work, 13- 26.
Filo, K. R., Funk, D. C., & O’Brien, D. (2008). It’s really not about the bike: Exploring attraction and attachment to the events of the Lance Armstrong Foundation. JOURNAL OF SPORT MANAGEMENT , 501-525 .
Frumkin, P., & Andre-Vlark, A. (2000). When missions, markets, and politics collide: Values and strategy in the nonprofit human services. Nonprofit and Voluntary Sector Quarterly, 141-163.
Giroud. (2011). Corporate governance, product market competition, and equity prices. Journal of Finance, 563-600.
Giroud, X., & Mueller, H. (2010). Does corporate governance matter in competitive industries? Journal of Financial Economics, 312-331.
Gordon, T. P., Khumawala, S. B., Kraut, m., & Neely, D. G. (2010). Five dimensions of effectiveness for nonprofit annual reports. Nonprofit management and leadership, 209-228.
HACKLER, D., & SAXTON, G. D. (2007). The strategic use of information technology by nonprofit organizations: Increasing capacity and untapped potential. Public administration review, 474-487.
Holtzhausen, L. (2013). Non-profit organizations bridging the communication divide in a complex South Africa. Public Relations Review, 2-8.
Jeong, B. (2013). Accountability in south korean nonprofit organizations: stakeholder expectations as perceived by nonprofit leaders. University of Pittsburgh: Graduate School of Public and International Affairs.
Jeong, S. (2008). The study on the solutions for financial crisis of NGOs in Korea. Dong-seo Yeonkoo (Eastern and Western Studies), 249-276.
Jung, K., & Moon, M. (2007). The Double-Edged Sword of Public-Resource Dependence: The Impact of Public Resources on Autonomy and Legitimacy in Korean Cultural Nonprofit Organizations. Policy Studies Journal, 205-226.
Keating, e., Fischer, M., Gordon, T., & Greenlee, J. (2005). Assessing Financial Vulnerability in the nonprofit sector. John F. Kennedy School of government, Harvard University, 224-265.
Kellock Hay, G., Beattie, R. S., Livingstone, R., & Munro, P. (2001). Change, HRM and the voluntary sector. Employee Relations, 23, 240–255.
Kerlin, J. (2005). Social enterprise in the United States and Europe: understanding and learning from the differences. Voluntas, 247–263.
Kim, H. (1997). South Korean NGOs: Global Trend and Prospect. Global Economic Review, vol. 26, no. 2, pp. 93-115.
Kim, I., & Hwang, C. (2002). Defining the Nonprofit Sector: South Korea. THE JOHNS HOPKIN
Alexander, J., Nank, R., & Stivers, C. (1999). Implications of welfare reform: Do nonprofit survival strategies threaten civil society. Nonprofit and Voluntary Sector Quarterly, 452–475.
Anheier, H. K., & Seibel, W. (2001). The nonprofit sector in Germany. Between state, economy and society. Manchester: Manchester University Press.
ANTHONY, R., & YOUNG, D. (1994). Accounting and financial management. The Jossey-Bass handbook of nonprofit leadership and management, 403-443.
Austin, J., Stevenson, H. & Wei-Skillern, J. (2006). Social and commercial entrepreneurship: same, different, or both? Entrepreneurship Theory and Practice, 1-22.
Bak, S.-P. (2001). NGO and Modern Society. Seoul.
Bardin, L. (2002). El análisis de contenido. España Ediciones Akal S.A.: Traducción de Cesar Suarez. 3er edición.
Bell, J., Masoka, J., & Zimmerman, S. (2010). Nonprofit sustainability: making strategic decisions for financial viability. San Francisco.
Bessel, K., Williams, C. L., & Klak, J. (2011). Nonprofit sustainability during times of uncertainty. Nonprofit management and leadership , 53-65.
Bidet, E. (2002). Explaining the Third Sector in South Korea. Journal of Voluntary and Nonprofit Organizations, 131–147.
Boeuf, B., Darveau, J., & Legoux, R. (2014). Financing creativity: Crowdfunding as a new approach for theatre projects. International Journal of Arts Management, 33-48.
Boschee, J. (1995). Social entrepreneurship. Across the Board, 20–25.
Boschee, J., & Mcclurg, D. (2003). Toward a Better Understanding of Social Entrepreneurship: Some Important Distinctions. Institute for Social Entrepreneurs, Minnesota.
Bowman, W. (2011). Financial Capacity and Sustainability of Ordinary Nonprofits. Nonprofit management and leadership, 37-51.
Bray, I. (2010). Effective fundraising for nonprofits: Real-world strategies that work. Berkley, Calif.: 3rd ed.
MAP | REVISTA MUNDO ASIA PACÍFICO22
Brinckerhoff, P. (2000). Social Entrepreneurship: The Art of Mission-Based Venture Development. New York: John Wiley.
Bryce, H. (1992). Financial and Strategic Management for Nonprofit Organizations. Englewood Cliffs, New Jersey:: Prentice Hall.
Buchheit, s., & Parsons, L. M. (2006). An experimental investigation of accounting information’s influence on the individual giving process. Journal of accounting and public policy, 666-686.
Carman, J. G. (2001). Community foundations: A growing resource for community development . nonprofit management and leadership, 7-24.
Carroll, D., & Stater, K. (2009). Revenue diversification in nonprofit organizations: does it lead to financial stability? Journal of Public Administration Research and Theory, 974-966.
Cho, D. (2007). Social Movement & non-govermental organizations in SOUFT KOREA. Seoul: Arche.
Choi, S., & Yang, S. (2011). Understanding Challenges and Opportunities in the Nonprofit Sector in Korea. International Review of Public Administration, 51-69.
Chung, C.-H. (2003). The Locus of Civil Society in Korea: Dynamics since 1970s. Seoul.
Driessens, O., Joye, S., & Biltereys, D. (2012). The X-factor of charity: a critical analysis of celebrities’ involvement in the 2010 Flemish and Dutch Haiti relief shows. Media culture & society, 709-725.
Echeverri, O. (2008). Mercantilización de los servicios de salud para el desarrollo: el caso de Colombia. Rev Panam Salud Publica, 210-216.
Eikenberry, A. M. (2008). Fundraising in the new philanthropy environment: The benefits and challenges of working with giving circles. Nonprofit management and leadership , 141-152.
ELKIN, R. (1985). Paying the Piper and Calling the Tune: Accountability in the Human Service. Administration in Social Work, 13- 26.
Filo, K. R., Funk, D. C., & O’Brien, D. (2008). It’s really not about the bike: Exploring attraction and attachment to the events of the Lance Armstrong Foundation. JOURNAL OF SPORT MANAGEMENT , 501-525 .
Frumkin, P., & Andre-Vlark, A. (2000). When missions, markets, and politics collide: Values and strategy in the nonprofit human services. Nonprofit and Voluntary Sector Quarterly, 141-163.
Giroud. (2011). Corporate governance, product market competition, and equity prices. Journal of Finance, 563-600.
Giroud, X., & Mueller, H. (2010). Does corporate governance matter in competitive industries? Journal of Financial Economics, 312-331.
Gordon, T. P., Khumawala, S. B., Kraut, m., & Neely, D. G. (2010). Five dimensions of effectiveness for nonprofit annual reports. Nonprofit management and leadership, 209-228.
HACKLER, D., & SAXTON, G. D. (2007). The strategic use of information technology by nonprofit organizations: Increasing capacity and untapped potential. Public administration review, 474-487.
Holtzhausen, L. (2013). Non-profit organizations bridging the communication divide in a complex South Africa. Public Relations Review, 2-8.
Jeong, B. (2013). Accountability in south korean nonprofit organizations: stakeholder expectations as perceived by nonprofit leaders. University of Pittsburgh: Graduate School of Public and International Affairs.
Jeong, S. (2008). The study on the solutions for financial crisis of NGOs in Korea. Dong-seo Yeonkoo (Eastern and Western Studies), 249-276.
Jung, K., & Moon, M. (2007). The Double-Edged Sword of Public-Resource Dependence: The Impact of Public Resources on Autonomy and Legitimacy in Korean Cultural Nonprofit Organizations. Policy Studies Journal, 205-226.
Keating, e., Fischer, M., Gordon, T., & Greenlee, J. (2005). Assessing Financial Vulnerability in the nonprofit sector. John F. Kennedy School of government, Harvard University, 224-265.
Kellock Hay, G., Beattie, R. S., Livingstone, R., & Munro, P. (2001). Change, HRM and the voluntary sector. Employee Relations, 23, 240–255.
Kerlin, J. (2005). Social enterprise in the United States and Europe: understanding and learning from the differences. Voluntas, 247–263.
Kim, H. (1997). South Korean NGOs: Global Trend and Prospect. Global Economic Review, vol. 26, no. 2, pp. 93-115.
Kim, I., & Hwang, C. (2002). Defining the Nonprofit Sector: South Korea. THE JOHNS HOPKIN
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Published
Dec 1, 2014
Article Details
How to Cite
Acosta Santamaría, D. A., & Betancur Marín, J. C. (2014). Best practices of financial sustainability: The case of accelerated development of Korean non-profit organizations. Online Journal Mundo Asia Pacifico, 3(5), 7–23. https://doi.org/10.17230/map.v3.i5.01
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Dayanne Alejandra Acosta Santamaría, Universidad Industrial de Santander
Universidad Industrial de SantanderJenny Carolina Betancur Marín, Universidad Industrial de Santander
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