Constraining managers without owners: governance of the not-for-profit enterprise
"In the absence of owners, how effective are the constraints imposed by the state in promoting effective firm governance? This paper develops state-level indices of the legal and reporting rules facing not-for-profits and examines the effects of these rules on not-for-profit behavior. Stronger...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11140 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "In the absence of owners, how effective are the constraints imposed by the state in promoting effective firm governance? This paper develops state-level indices of the legal and reporting rules facing not-for-profits and examines the effects of these rules on not-for-profit behavior. Stronger non-distribution constraints are associated with greater charitable expenditures and foundation payouts while more stringent reporting requirements are associated with lower insider compensation. The paper also examines how governance influences an alternative metric of not-for-profit performance -- the provision of social insurance. Stronger governance measures are associated with intertemporal smoothing of resources and greater activity in response to negative economic shocks"--National Bureau of Economic Research web site. |
| Physical Description: | 37, [2] S. |
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| id | DE-604.BV023591341 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T22:41:28Z |
| indexdate | 2024-07-09T21:25:10Z |
| institution | BVB |
| language | English |
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| publishDate | 2005 |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Desai, Mihir A. 1968- Verfasser (DE-588)128956798 aut Constraining managers without owners governance of the not-for-profit enterprise Mihir A. Desai ; Robert J. Yetman Cambridge, Mass. National Bureau of Economic Research 2005 37, [2] S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11140 "In the absence of owners, how effective are the constraints imposed by the state in promoting effective firm governance? This paper develops state-level indices of the legal and reporting rules facing not-for-profits and examines the effects of these rules on not-for-profit behavior. Stronger non-distribution constraints are associated with greater charitable expenditures and foundation payouts while more stringent reporting requirements are associated with lower insider compensation. The paper also examines how governance influences an alternative metric of not-for-profit performance -- the provision of social insurance. Stronger governance measures are associated with intertemporal smoothing of resources and greater activity in response to negative economic shocks"--National Bureau of Economic Research web site. Recht Corporate governance Nonprofit organizations Law and legislation Yetman, Robert J. Verfasser (DE-588)130466379 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11140 (DE-604)BV002801238 11140 http://papers.nber.org/papers/w11140.pdf kostenfrei Volltext |
| spellingShingle | Desai, Mihir A. 1968- Yetman, Robert J. Constraining managers without owners governance of the not-for-profit enterprise National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Recht Corporate governance Nonprofit organizations Law and legislation |
| title | Constraining managers without owners governance of the not-for-profit enterprise |
| title_auth | Constraining managers without owners governance of the not-for-profit enterprise |
| title_exact_search | Constraining managers without owners governance of the not-for-profit enterprise |
| title_exact_search_txtP | Constraining managers without owners governance of the not-for-profit enterprise |
| title_full | Constraining managers without owners governance of the not-for-profit enterprise Mihir A. Desai ; Robert J. Yetman |
| title_fullStr | Constraining managers without owners governance of the not-for-profit enterprise Mihir A. Desai ; Robert J. Yetman |
| title_full_unstemmed | Constraining managers without owners governance of the not-for-profit enterprise Mihir A. Desai ; Robert J. Yetman |
| title_short | Constraining managers without owners |
| title_sort | constraining managers without owners governance of the not for profit enterprise |
| title_sub | governance of the not-for-profit enterprise |
| topic | Recht Corporate governance Nonprofit organizations Law and legislation |
| topic_facet | Recht Corporate governance Nonprofit organizations Law and legislation |
| url | http://papers.nber.org/papers/w11140.pdf |
| volume_link | (DE-604)BV002801238 |
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