Golfing alone? Elite networks and the growth and decline of the non-profit sector in American cities November 9, 2006

Prof. Jerry Davis, UofM Business School

"Golfing alone? Elite networks and the growth and decline of the
non-profit sector in American cities."

Where: West Hall 411
When: Thursday Nov. 9th, 12:00-1:30pm
Food: YES

We examine how the density of locally-headquartered corporations and banks, shifts in corporate headquarter locations, and the degree of social interconnection among local elites influences the growth and decline in contributions to local non-profit organizations. The US
experienced the two largest merger waves in its history in the 1980s and 1990s while also seeing a burst of new business starts, particularly in some regions, thereby changing the density of corporate headquarters in American cities. Moreover, de-regulation in the 1990s prompted the consolidation of locally-based banks into a national industry, thus depriving many cities of the traditional centers of their local elite networks. These events introduced substantial cross-sectional and temporal variation across US cities, both in corporate density and in the shape of elite networks. Using information from interviews, Census data on metropolitan areas, IRS records on non-profits, and securities filings for every corporation listed on Nasdaq and the New York Stock Exchange for four panels between 1987 and 2002, we examine how corporate dynamics and changing elite networks influence the growth and decline of
contributions to non-profit organizations in US communities.
Preliminary findings indicate that the dynamics underlying support and growth of community-oriented and elite-oriented non-profits are
fundamentally different.

http://www.people.hbs.edu/cmarquis/Golfing%20Alone%209-7-04.pdf

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