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Relations Between the Transparency of the Russian Non-Profit Organisations and Their Financial Well-being

Student: Asmik Sargsian

Supervisor: Irina Krasnopolskaya

Faculty: Graduate School of Business

Educational Programme: Business Strategies: Management and Consulting (Master)

Year of Graduation: 2019

One of the main issues, that Russian non-profit organizations face nowadays is the lack of financial resources to achieve their social mission, hence, lack of financial well-being. According to a recent study by the Centre for Studies of Civil Society and the Nonprofit Sector HSE, 54% of studied Russian non-profit organizations indicated the lack material resources as one of their main issues in 2016. 14% mention, that this problem is so serious, that threatens the organization’s existence. This fact clearly demonstrates how important and relevant is to study the factors of financial well-being in non-profit organizations. A clearer view of the determinants will make it possible to correctly build a strategically important process of fundraising. A determinant of financial well-being, that is frequently identified by researchers is the transparency of NPO activities, along with other factors. Most of the international studies indicate a positive dependence of transparency with its financial results. Transparency is mainly reflected in studies as the publication of financial and performance reports, as well as the openness of communication between a non-profit and its stakeholders. However, Russian practitioners are actively discussing the assumption, that the suggested positive relationship between transparency and financial results is not valid, or does not have a significant value in the Russian non-profit sector. As Gregory D. Saxton et al (2012) note, “encouraging organizations to be more open has been a key issue in contemporary debates over non-profit accountability. However, our understanding of what motivates organizations to the disclosure decision is weak ”. The purpose of this study is to determine that actual relationship between the transparency of activities and financial well-being of non-profit organizations in Russia. The main object of study is the financial well-being of non-profit organizations, and the subject is the relations between the transparency of Russian non-profit organizations and their financial well-being. To achieve the goal of the future study, namely, determining the relations between transparency and financial well-being of non-profit organizations in Russia, a binary logistic regression will be used, since it helps to investigate the dependence of a dichotomous variable on several independent variables. We will use data from a survey conducted by the Centre for Studies of Civil Society and the Nonprofit Sector in 2017 as part of monitoring the state of civil society in Russia. The sample includes 852 organizations from 30 Russian regions. The survey was carried as a personal interview of NPO leaders on a semi-formalized questionnaire. This work can contribute to the scientific discourse by validating the assumption of a positive relationship between the transparency of a non-profit organization (NPOs) and its financial results using data from the Russian NPOs. A clearer view of the determinants will make it possible to correctly build a strategically important process of fundraising.

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