Gupta Governance Institute Nonprofit Seminar Series: Scott Feyereisen and Neeraj Puro
The Gupta Governance Institute’s Center for Nonprofit Governance at Drexel’s LeBow College of Business in collaboration with the National Center on Nonprofit Enterprise (NCNE) is pleased to announce that Scott Feyereisen and Neeraj Puro (Florida Atlantic University) will give an online seminar on Friday, April 30 on the paper The Role of Organizational Slack in Buffering Financially Distressed Hospitals from Market Exits. The abstract for the paper and further details on this seminar can be found below. The interactive seminar will take place via Zoom from 12-1:30 pm EST.
This paper is part of a four-part series on the theme of managing nonprofit organizations in a crisis. The series seeks to highlight frontiers of knowledge and new research important for the nonprofit field and provide a regular, national/international forum for academic researchers to explore these and other areas in depth.
The Role of Organizational Slack in Buffering Financially Distressed Hospitals from Market Exits
Financial distress is a persistent problem in U.S. hospitals, leading them to close at an alarming rate over the past two decades. Given the potential adverse effects of hospital closures on healthcare access and public health, interest is growing in understanding more about the financial health of U.S. hospitals. In this study, we set out to explore the extent to which relevant organizational and environmental factors potentially buffer financially distressed hospitals from closure, and even at the brink of closure, enable some to merge with other hospitals. We tested our hypotheses by first examining how factors such as slack resources, environmental munificence, and environmental complexity affect the likelihood of survival versus closing or merging with other organizations. We then tested how the same factors affect the likelihood of merging relative to closing for financially distressed hospitals that undergo one of these two events. We found that different types of slack resources and environmental forces impact different outcomes. In this article, we discuss the implications of our findings for hospital stakeholders.
The interactive seminar will take place via Zoom followed by discussion and a Q&A session. If you have any questions, please contact Teresa Harrison, Professor of Economics and Academic Director, Center for Nonprofit Governance, Gupta Governance Institute, at firstname.lastname@example.org.
Who should attend?
- Higher Education