PurposeTo identify the organisations that provide global governance within the sports industry, to discuss their role, and to suggest that they have self‐governance problems due to both their evolution and the massive commercialisation of sport of recent decades.Design/methodology/approachAn empirical‐based argument is conducted. Standing at the apex of a hierarchy of national governing bodies and playing organisations, global sports organisations (GSOs) are defined and classified in terms of their governance functions, their commonalities and differences and their interconnections described and analysed. The GSOs for soccer, the Olympics and athletics are used as illustrative cases. Deficiencies in the small sports governance literature are identified. It is argued how the GSOs have maintained their authority as governance organisations despite being private organisations. Hirschman's “Voice, exit and loyalty” model is offered as a partial theoretical interpretation of their situation.FindingsAlthough one of the GSOs' original major functions of formalising international sport is now complete, they have retained not only their sport governance monopolies and authority but also the original structures designed for amateur sport. This creates problems when the governance monopoly can be used as a revenue device.Originality/valueSport is an important part of global culture and an industry worth hundreds of billions of dollars where accusations of corruption are common but global governance is little examined. The GSOs, present‐day commercial roles and enormous revenues create unresolved governance problems and these are described.
Purpose – The purpose of this paper is to understand the nature of competition for private donations that occurs between not-for-profit organisations (NPOs). This competition occurs because NPOs do not produce commercially viable outputs and therefore rely on donations. The financial sustainability of NPOs is problematic, both individually and in economy-wide terms, as they do not produce commercial saleable outputs. Instead they raise funds by either relying on government grants or competing for private donations. Sustainability of NPOs becomes an even greater issue when governments reduce their grant-giving in times of stress – precisely the time when calls on NPOs’ resources increase. Design/methodology/approach – The research asks the question, do donation-raising expenditures by NPOs increase donations or do they damagingly divert donations from other NPOs? Using Australian data, competition between NPOs for donations is analysed using a modified oligopoly market model. NPO fundraising expenditures are central to this model, but other factors, including unpaid-volunteers, organisational size and age, are also explanatory variables in determining success in fundraising. NPOs concerned with human welfare, other than specialised aged care, are the primary focus of this paper, although other NPOs such as those concerned with animal welfare, science and the arts are also modelled. Findings – Crucially an NPO’s fundraising expenditure has a direct and positive impact on its level of donations. A major influence on level of donations is the presence of volunteers within an NPO. There seems to be an interesting reciprocal relationship between the effect of size and age of organisations on their donations and the effect on fundraising. Critically for sustainability, NPOs competing for funds are established as having a negative effect on the level of donations to other NPOs with similar functions. Originality/value – It is believed that the material used here represents one of the first studies of financial sustainability of NPOs and highlights the value of both accounting and economic analysis of organisations’ operations. Financial sustainability issues are compounded by the existence of competition for funds among charities operating in the same areas (Parsons, 2003; Trussel and Greenlee, 2004; Trussel and Parsons, 2008); it has been argued that competition for funds diminishes sustainability (Lyons, 2001; Weerawandena et al., 2010).
PurposeThe main objective of this paper is to measure Saudi Arabian initial public offerings' (IPOs) financial performance before and after going public on the Saudi Stock Exchange Market. The paper also aims to explore factors associated with the financial performance variation between pre‐ and post‐IPO.Design/methodology/approachA sample of 16 Saudi IPOs is investigated. A matched pairs methodology is mainly used combined with regression analysis.FindingsSaudi IPOs exhibit a significant decline in the post‐IPO performance compared to the pre‐IPO level as measured by the return on assets and return on sales. It was also found that the performance deterioration is associated with the IPO event.Originality/valueThe paper is the first assessment of IPOs clustering occurred in Saudi Arabia.
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