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Author: Bruce K. Behn Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This study examines why some nonprofit organizations are willing to voluntarily provide their audited financial statements for review and others are not. While we are not stakeholders in these enterprises, we believe this study provides some descriptive evidence and insights on the nature of voluntary financial disclosure in the nonprofit sector. The ability of outside individuals (whether current stakeholders or not) to review firm-specific relevant and reliable information concerning the finances and operations of an exempt organization is important for the efficient flow of capital and potential donation decisions. In this study, we examine this voluntary disclosure issue by requesting audited financial statements (currently these are not required disclosures) from the 300 largest nonprofits in the U.S., as of 2001. Since this decision is voluntary and many of our sample firms choose not to disclose this information, we investigate whether there are factors associated with this choice. We find that a nonprofit is more likely to allow us access to its audited financial statements if it has more debt, has a larger contribution ratio, is a larger organization, has a NTEE classification of Higher Education, and has a higher compensation expense ratio. By contrast, it appears that a nonprofit with lobbying expenses is less likely to disseminate its audited financial statements. Many interested parties, including the Senate, donors, other stakeholders and researchers, are concerned about transparency in the nonprofit sector. This study can add to their debate by demonstrating which factors are associated with transparency in the nonprofit sector.
Author: Bruce K. Behn Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This study examines why some nonprofit organizations are willing to voluntarily provide their audited financial statements for review and others are not. While we are not stakeholders in these enterprises, we believe this study provides some descriptive evidence and insights on the nature of voluntary financial disclosure in the nonprofit sector. The ability of outside individuals (whether current stakeholders or not) to review firm-specific relevant and reliable information concerning the finances and operations of an exempt organization is important for the efficient flow of capital and potential donation decisions. In this study, we examine this voluntary disclosure issue by requesting audited financial statements (currently these are not required disclosures) from the 300 largest nonprofits in the U.S., as of 2001. Since this decision is voluntary and many of our sample firms choose not to disclose this information, we investigate whether there are factors associated with this choice. We find that a nonprofit is more likely to allow us access to its audited financial statements if it has more debt, has a larger contribution ratio, is a larger organization, has a NTEE classification of Higher Education, and has a higher compensation expense ratio. By contrast, it appears that a nonprofit with lobbying expenses is less likely to disseminate its audited financial statements. Many interested parties, including the Senate, donors, other stakeholders and researchers, are concerned about transparency in the nonprofit sector. This study can add to their debate by demonstrating which factors are associated with transparency in the nonprofit sector.
Author: Gregory D. Saxton Publisher: ISBN: Category : Languages : en Pages : 40
Book Description
Nonprofit organizations face intense competition in the market for charitable contributions. Increasingly, donation decisions are made online, and organizations have responded by implementing substantive Internet disclosure and reporting regimes. We posit here that the voluntary disclosure of financial and performance information inherent in these regimes provides additional relevant information to a broad array of market participants, and thus has a positive impact on the receipt of charitable contributions. We test our hypotheses on a random sample of 400 US nonprofit organizations by building on the well established economic model of giving (Weisbrod and Dominguez, 1986), in which donations serve as the proxy for demand. Our central research question is thus: Are donors willing to “pay” for Web disclosure? Results indicate a positive relationship between the level of charitable contributions and the amount of disclosure provided by an organization on its website; however, performance and annual report disclosure are more important than financial disclosure, and performance disclosure has the biggest impact in organizations that are less reliant on donations.
Author: Joannie Tremblay-Boire Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Why do some nonprofits signal their respect for accountability via unilateral website disclosures? We develop an Accountability Index to examine the websites of 200 U.S. nonprofits ranked in the Chronicle of Philanthropy's 2010 “Philanthropy 400.” Our intuition is that nonprofits recognize that the “non-distributional constraint” by itself may not generate sufficient trust. We expect nonprofits' incentives for website disclosures will be shaped by their organizational and sectoral characteristics. Our analyses suggest that nonprofits appearing frequently in newspapers disclose more accountability information while nonprofits larger in size disclose less. Religion-related nonprofits tend to disclose less information, suggesting that religious bonding enhances trust and reduces incentives for self-disclosure. Nonprofits in the health sector disclose less information, arguably because governmental regulations in which they are embedded reduce marginal benefits from voluntary disclosures. Education nonprofits, on the other hand, tend to disclose more accountability information perhaps because they supply credence goods.
Author: Weiting Zheng Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Non-profit organizations (NPOs) help the state achieve its social objectives. At the same time, they often depend on the private-sector actors for donations. The different beliefs of public- and private-sector actors regarding which practices are desirable for NPOs can affect the transparency of these organizations. We propose that political ties influence NPOs to comply with state-mandated disclosure requirements, while simultaneously dampening their willingness to voluntarily disclose sensitive information that may jeopardize their legitimacy in the eyes of private-sector stakeholders. The impact of political ties on disclosure is contingent upon two factors. First, market institutions moderate such effects because expectations of public- and private-sector actors may diverge more in freer markets than where the state has inordinate power. Second, financial dependence on the state amplifies both effects as dependence on the state exerts more pressure for compliance whilst making politically connected organizations appear even more questionable in the eyes of the private-sector stakeholders. Leveraging a policy shock that weakened political ties, we found that following the policy shock, charities in China reduced their compliance to state-mandated information disclosure, but increased their voluntary disclosure. The opposing roles of political ties in mandatory versus voluntary disclosure is further supported by a policy capturing study involving private donors in China. This study has important implications for research on political ties and information disclosure.
Author: Michele Andreaus Publisher: Emerald Group Publishing ISBN: 1784410047 Category : Business & Economics Languages : en Pages : 302
Book Description
This book addresses the issues and functioning of accounting and accountability for social and non-profit organizations. It presents research papers that address the limitations of conventional accounting, the meaning of accountability, and the potential of social and environmental accounting for these organizations.
Author: Zahirul Hoque Publisher: Routledge ISBN: 1317658418 Category : Business & Economics Languages : en Pages : 537
Book Description
With increased competition for external funding, technological advancement, and public expectations for transparency, not-for-profit and non-governmental organizations are facing new challenges and pressures. While research has explored the roles of accounting, accountability, and performance management in nonprofit organizations, we still lack evidence on the best practices these organizations implement in the areas of accountability and performance management. This book collects and presents that evidence for the first time, offering insights to help nonprofits face these new challenges head-on. Performance Management in Nonprofit Organizations focuses on both conventional and contemporary issues facing nonprofits, presenting evidence-based insights from leading scholars in the field. Chapters examine the design, implementation, and working of accounting, accountability, governance, and performance management measures, providing both retrospective and contemporary views, as well as critical commentaries on accounting and performance related issues in nonprofit organizations The book's contributors also offer critical commentaries on the changing role of accounting and performance management in this sector. This research-based collection is an interesting and useful read for academics, practitioners, students, and consultants in nonprofit organizations, and is highly accessible to accounting and non-accounting audiences alike.
Author: Han Wu Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
Charitable contributions play an important role in serving the society, maintaining civil health and even improving the worldwide relationship of nations. However, the market of charitable contributions is greatly complicated by the lack of organizational transparency and by the information asymmetries that often exist between organizations and donors. The voluntary disclosure of organizational financial, performance, donor-relations, and fundraising-related data is thus an important tool for non-profit organizations attempting to attract greater contributions while boosting accountability and public trust. However the organizations' payoffs associated with such disclosure heavily relies on the nature of donor preferences and the relative openness and effectiveness of competing organizations. To help understand the interplay between non-profit organizational disclosures and individual donations, we present a novel game-theoretic model of disclosure--donation interactions that incorporates the donor preferences with organizational effectiveness and "value-relevant" disclosure.
Author: John Zietlow Publisher: John Wiley & Sons ISBN: 1118046277 Category : Business & Economics Languages : en Pages : 719
Book Description
Indispensable for all types and sizes of nonprofit organizations, this important book imparts a clear sense of the technical expertise and proficiency needed as a nonprofit financial officer and includes real-world case studies, checklists, tables, and sample policies to clarify and explain financial concepts.
Author: Bruce K. Behn
Author: Bruce K. Behn
Author: Gregory D. Saxton
Author: Joannie Tremblay-Boire
Author: Weiting Zheng
Author: Linda McCollister Parsons
Author: Michele Andreaus
Author: Zahirul Hoque
Author: 
Author: Han Wu
Author: John Zietlow