Institutional Fundraising: An Analysis of Taiwan's Religious Enterprises

Brian Lin ()

Forum for Social Economics, 2015, vol. 44, issue 3, 284-296

Abstract: In Taiwan, one could observe that several prominent religious groups such as Tzu Chi (founded by Master Cheng Yen in 1966), Fo Guang Shan (founded by Master Hsing Yun in 1967), and Dharma Drum Mountain (founded by the late Master Sheng Yen in 1989) have been constantly growing. These religious groups have not only attracted regular donors but also wealthy people within society and have been very successful in raising funds. Above all, they have established for themselves a worldwide reputation and become multinational religious enterprises. To analyze the fundraising performance of the aforementioned religious groups, this paper introduces some new concepts of institutions and also suggests several propositions on fundraising, entrepreneurship, and institutions. This paper points out that Taiwan's religious enterprises are an outgrowth of powerful fundraising performance. Once the religious groups enter the stage of institutional change, the amount of funds collected becomes the dominant exogenous variable and religious entrepreneurship becomes endogenous. Over time, this dynamic process has further promoted entrepreneurship. Again, entrepreneurship becomes the dominant exogenous variable and the funds accumulate at an increasing rate. Eventually, the religious enterprises emerge.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/07360932.2014.996584 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:fosoec:v:44:y:2015:i:3:p:284-296

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RFSE20

DOI: 10.1080/07360932.2014.996584

Access Statistics for this article

Forum for Social Economics is currently edited by William Milberg, Dr Wolfram Elsner, Philip O'Hara, Cecilia Winters and Paolo Ramazzotti

More articles in Forum for Social Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().