An introduction to the governance and taxation of not-for-profit organizations
成果类型：
Article
署名作者：
Bolton, Patrick; Mehran, Hamid
署名单位：
Federal Reserve System - USA; Federal Reserve Bank - New York; Columbia University
刊物名称：
JOURNAL OF ACCOUNTING & ECONOMICS
ISSN/ISSBN：
0165-4101
DOI：
10.1016/j.jacceco.2006.06.001
发表日期：
2006
关键词：
摘要：
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. (c) 2006 Elsevier B.V. All rights reserved.
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