
doi: 10.1400/176118
handle: 2158/346193
The paper investigates the economic functions of the capitalist social firm. To this purpose we develop an extension of Hansmann’s theory of non-profit firms that is applicable to firms that are not controlled by patrons. The analysis reveals the conditions under which donor-owned non-profit organizational forms are efficient for non-profit enterprises. Finally, we ask in which sectors they are more likely to emerge with reference principally to Italy.
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