Agency consequences of government funding in nonprofit organizations

Sandra Verbruggen (sandra.verbruggen@hubrussel.be), Karolien Vlassenroot (karolien.vlassenroot@be.ey.com) and Johan Christiaens
Additional contact information
Sandra Verbruggen: Hogeschool-Universiteit Brussel (HUB), Belgium
Karolien Vlassenroot: Deloitte, 9000 Gent, Belgium

No 2010/36, Working Papers from Hogeschool-Universiteit Brussel, Faculteit Economie en Management

Abstract: Nonprofit organizations often rely on governmental grants to finance their social programs. Under certain circumstances, the procurement of these grants causes an agency-relation between the board of directors and the management of the organization. Using archival data from a substantial number of nonprofit organizations financial statements, the influence of different types of government grants on the agency-relation between board and management is tested. The study reveals an increase in the agency-relationship depending on the level of efforts necessary to achieve the grants.

Pages: 30 page
Date: 2010-11
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://lirias.hubrussel.be/bitstream/123456789/3916/1/10HRP36.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to lirias.hubrussel.be:443 (nodename nor servname provided, or not known)

Related works:
Working Paper: Agency Consequences of Government Funding in Nonprofit Organizations (2011)
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: https://EconPapers.repec.org/RePEc:hub:wpecon:201036

Access Statistics for this paper

More papers in Working Papers from Hogeschool-Universiteit Brussel, Faculteit Economie en Management Contact information at EDIRC.
Bibliographic data for series maintained by Sabine Janssens (sabine.janssens@hubrussel.be this e-mail address is bad, please contact repec@repec.org).