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An introduction to the governance and taxation of not-for-profit organizations

Patrick Bolton; Hamid Mehran

Title:
An introduction to the governance and taxation of not-for-profit organizations
Author(s):
Bolton, Patrick
Mehran, Hamid
Date:
Type:
Articles
Department:
Business
Volume:
41
Permanent URL:
Book/Journal Title:
Journal of Accounting and Economics
Abstract:
This paper provides a brief overview of the current state of the not-for-profit sector and discusses specific governance issues in not-for-profit organizations. We offer an in-depth analysis of the issues that arise when not-for-profit organizations compete against for-profit firms in the same markets. We argue that while competition by for-profit firms can discipline not-for-profit firms and mitigate their governance problems, the effects of this competition are distorted by the not-for-profits’ corporate income tax exemptions. Based on a simple general equilibrium analysis, we argue that there is little justification for such exemptions.
Subject(s):
Public policy
Finance
Publisher DOI:
http://dx.doi.org/10.1016/j.jacceco.2006.06.001
Item views:
143
Metadata:
text | xml

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