A single link to the first track to allow the export script to build the search page
  • 2013 Fall: Volume 12, Issue 1
  • Are Restricted Funds an Effective Governance Tool for Non-Profit Organizations?

    • Shane A. Van Dalsem

    Title:

    Are Restricted Funds an Effective Governance Tool for Non-Profit Organizations?

    Author(s):

    Shane A. Van Dalsem

    Publication Date:

    2013

    Journal Title:

    The Journal of Finance Issues

    Volume Number:

    12

    Issue Number:

    1

    Abstract:

    This paper studies the use of restricted funds as a monitoring tool for non-profit organizations. The paper examines a random sample of 600 non-profit organizations for evidence that restricted funds are a substitute for other forms of governance and that the use of restricted funds affects organizational behavior. The results provide evidence that restricted funds are used and are useful as a form of governance. Specifically, restricted funds and tax-exempt debts may act as substitute governance tools; the likelihood of reporting fundraising expenses is positively related to having restricted funds; and compensation for officers and directors is inversely related to the level of permanently restricted funds.

    First Page:

    72

    Last Page:

    90

    Total Pages:

    19