The essays on Interactions between Non-profit finance, governance and investments study the economic and investment behavior of foundations, as well as the general environment of non-profit governance and of equity investments by non-profit foundations. The essays are structured as follows. The Introduction presents the rationale for non-profits, some basic characteristics of non-profits and especially of foundations, and compares the economic motivation of non-profit foundations with that of for-profit companies. Essay 1 examines the root causes of governance choices in foundations, and the consequences of such governance choices. Essay 2 empirically investigates the equity portfolios of foundation investors and confirms typical characteristics of foundations as investors.

Eeva Ahdekivi worked on this book while a Finland scholar in 2014.