PEMBANGUNAN TANAH WAKAF SECARA PENSWASTAAN: KAJIAN TERHADAP PROJEK MENARA IMARAH WAKAF OLEH MAJLIS AGAMA ISLAM WILAYAH PERSEKUTUAN

Abstract

The kind of realized mission, inflows the sensitivity on risk. Among other factors, that risk results from decision about liquid assets investment level and liquid assets financing. The higher exposition on risk, the higher level of liquid assets should be. If the exposition on that risk is smaller, the more aggressive could be the net liquid assets strategy. The organization choosing between various solutions in liquid assets needs to decide what level of risk is acceptable for her owners (or donors) and/or capital suppliers. The paper shows how in authors opinion decisions about liquid assets management strategy inflow the risk of the organizations and its economical results during realization of main mission. Comparing the theoretical model with empirical data for over 450 Silesian nonprofit organization results, suggest that nonprofit organization managing teams choose higher risky aggressive liquid assets solutions than for-profit firms