Determinants of Nonprofit Board Size and Composition The Case of Spanish Foundations

Pablo de Andrés Alonso, Valentín Azofra Palenzuela () and Mª Elena Romero Merino ()
Additional contact information
Valentín Azofra Palenzuela: Departamento de Economía Financiera y Contabilidad, Facultad de Ciencias Económicas y Empresariales, Universidad de Valladolid, http://www2.eco.uva.es/conta/
Mª Elena Romero Merino: Departamento de Economía Financiera y Contabilidad, Facultad de Ciencias Económicas y Empresariales, Universidad de Valladolid, http://www2.eco.uva.es/conta/

No 2006-15, Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". Working Papers "New Trends on Business Administration". from Interuniversitary Doctorate Program "New Trends on Business Administration", Universities of Valladolid, Burgos and Salamanca (Spain). Programa de Doctorado Interuniversitario "Nuevas Tendencias en Dirección de Empresas", Universidades de Valladolid, Burgos y Salamanca (España).

Abstract: Recently, many empirical studies have shed light on the determinants of boards of directors. Our aim in this paper goes far from the corporate setting. We explain how nonprofits boards are structured. As opposed to corporations’ goals, the objectives of nonprofits are non-lucrative. They can not disburse profits to their contributors, but the role played by their boards of trustees in monitoring and advising managers is analogous to that of boards of directors. Using a sample of Spanish foundations, we show that nonprofit board determinants, such as organizational complexity and financing structure, are mostly similar to those of corporate boards. Nonprofit age, however, illustrates the different nature of these organizations and their voluntary boards.

Keywords: Nonprofit Governance; Board of Trustees; Foundations; Efficiency. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-soc
Date: 2006-12
View list of references

Downloads: (external link)
http://www3.uva.es/empresa/uploads/dt_15_06.pdf (application/pdf)

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: http://EconPapers.repec.org/RePEc:ntd:wpaper:2006-15

Ordering information: This working paper can be ordered from
Av. Valle de Esgueva, 6. E-47011-Valladolid (Spain)

Access Statistics for this paper

More papers in Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". Working Papers "New Trends on Business Administration". from Interuniversitary Doctorate Program "New Trends on Business Administration", Universities of Valladolid, Burgos and Salamanca (Spain). Programa de Doctorado Interuniversitario "Nuevas Tendencias en Dirección de Empresas", Universidades de Valladolid, Burgos y Salamanca (España).
Contact information at EDIRC.
Series data maintained by Fortuna-Lindo, Jose M. ().