Zeitschrift für Wirtschaft und Finanzen

The Effectiveness of Boards of Directors in Nonprofit Organizations

Abstract

Ladki SM and Ahmad FA

This paper investigates if board diversity and expertise impact innovation and effectiveness of hospitality nonprofit organizations (NPOs). Both agency and resource dependency theories suggest that the presence of a diverse board increase organizational performance. This study explores the innovation and effectiveness strategies of NPOs. Sample represents some of the most popular NPOs. Results of the null hypotheses conclude that organizational innovation and effectiveness are affected by board diversity and expertise.