Prior literature on nonprofit organizations (NPOs) has focused on the effect of board composition on organizational efficiency. However, this research is focused on presenting an analysis of the relationship between the financial vulnerability of NPOs and their boards. Although studies of for-profit organizations have confirmed this relationship both theoretically and empirically, it is a novel one in the literature regarding nonprofit entities. We apply a multitheoretical approach to explain the dual role of the board (providing both advice and monitoring operations) and a multidimensional model of financial vulnerability. To this end, we use an original hand-collected database of 64 NPOs from Spain and 800 board members. Contrary to our expectations, our results do not support the existence of a significant relationship between board composition (in terms of board structure and directors’ experience and education) and the financial vulnerability of NPOs.

中文翻译：

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董事会在非营利组织财务脆弱性中的作用

先前关于非营利组织 (NPO) 的文献侧重于董事会组成对组织效率的影响。然而，这项研究的重点是对非营利组织与其董事会的财务脆弱性之间的关系进行分析。尽管对营利性组织的研究在理论和经验上都证实了这种关系，但在有关非营利实体的文献中，这是一种新颖的关系。我们应用多理论方法来解释董事会的双重角色（提供建议和监督业务）和金融脆弱性的多维模型。为此，我们使用了来自西班牙的 64 个 NPO 和 800 名董事会成员的原始手工收集数据库。与我们的预期相反，