Abstract

Scholars have shown the importance of financial resources to organizational performance. More money should enhance performance. However, this predicted link between funding and performance is often unrealized—more resources do not automatically improve the production of public organizations. We contend the skillset of management in charge of that money matters in the funding-to-performance link. We test how managerial capacity moderates how financial resources shape organizational performance. We hypothesize that a higher managerial capacity can lead to a stronger relationship between financial resources and organizational performance in the public sector. This is empirically tested in the context of road infrastructure development with data from all 50 U.S. state transportation agencies from 1995 to 2013. We find that the relationship between improvements in road quality (organizational performance) and capital and physical maintenance expenditures (financial resources) is stronger with high scores on the Government Performance Project quality of capital and infrastructure management (managerial capacity).

摘要

学者们已经证明了财务资源对组织绩效的重要性。更多的钱应该可以提高性能。然而，资金和绩效之间的这种预测联系往往没有实现——更多的资源不会自动提高公共组织的生产。我们认为，在资金到绩效的联系中，负责资金问题的管理技能组合。我们测试管理能力如何调节财务资源如何塑造组织绩效。我们假设更高的管理能力可以导致公共部门的财务资源和组织绩效之间的关系更紧密。这是在道路基础设施发展的背景下对 1995 年至 2013 年美国所有 50 个州运输机构的数据进行的实证检验。