Financial Capacity During a Pandemic Crisis: Insights From the Non-Profit Sector

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Author(s): Márcia Cadete Santos (Polytechnic Institute of Setúbal, Portugal), Sandra Nunes (Polytechnic Institute of Setúbal, Portugal), Pedro Dominguinhos (Polytechnic Institute of Setúbal, Portugal), Joaquim Mourato (Instituto Politécnico de Portalegre, Portugal), Carlos Mata (Polytechnic Institute of Setúbal, Portugal)and Nuno Miguel Teixeira (Center for Research in Business and Administration, School of Business Sciences, Polytechnic Institute of Setúbal, Portugal)
Copyright: 2021
Pages: 18
Source title: Handbook of Research on Financial Management During Economic Downturn and Recovery
Source Author(s)/Editor(s): Nuno Miguel Teixeira (Center for Research in Business and Administration, School of Business Sciences, Polytechnic Institute of Setúbal, Portugal)and Inês Lisboa (CARME, School of Management and Technology, Polytechnic of Leiria, Portugal)
DOI: 10.4018/978-1-7998-6643-5.ch004

Keywords: Accounting and Finance / Business & Management / Business Science Reference / Economics & Economic Theory

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Abstract

This chapter seeks to provide empirical evidence of the financial shocks that non-profits experienced during the coronavirus disease-19 (COVID-19) pandemic lockdown period. The research included a literature review of the main up-to-date publications to understand non-profits' financial vulnerabilities. The statistical analyses' results facilitate a fuller understanding of the impacts that the abrupt loss of clients, volunteers, and employees due to the pandemic has had on non-profits' finances. These results are discussed in light of the previous studies. Through computer-assisted text analysis, this study examined non-profit managers' perceptions of the most significant challenges faced by these organisations in the pandemic's initial phase. The findings reveal a dramatic situation characterised by a decrease in revenues and increase in expenses, in which non-profits regulated by Portugal's social welfare private institutions statutes were the most strongly affected. The most salient challenges identified include technological preparedness, safety assurance, and physical distancing.

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Financial Capacity During a Pandemic Crisis: Insights From the Non-Profit Sector

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