捐助者在评估非营利组织的有效性时是否重视志愿者的承诺?

IF 3.2 3区 管理学 Q1 BUSINESS, FINANCE
Amanda W. Beck, Sarah A. Garven, Michelle Higgins Yetman
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引用次数: 0

摘要

评估组织的有效性是非营利捐赠者做出捐赠分配决策的重大挑战。如果对组织的有效性评估不充分,捐赠可能会分配不当,而捐赠者通常是组织外部人员,他们依赖于IRS表格990上的非营利披露来进行此类评估。我们通过非营利组织在990表格上披露的志愿者数量,以及评估组织有效性时披露的财务和治理信息,来考察捐赠者是否重视志愿者承诺。捐赠者和志愿者更愿意各自把金钱和时间捐给那些能有效推进其使命的非营利组织。基于志愿者作为组织内部人士比捐赠者更有能力判断其贡献的影响这一前提,我们假设志愿者承诺为捐赠者提供了价值相关的信息,用于评估不精确的有效性信号——即项目比例和公司治理披露。与此一致的是,我们发现项目比例和公司治理披露对捐赠者的价值相关性随着志愿者承诺水平的提高而增加。这些结果表明,捐助者将志愿者承诺视为有效性的信号,有助于解释其他有效性信号。这一证据在报告更可信的志愿者信息、拥有更大比例老练捐赠者、更复杂的非营利组织中更为明显。这些发现对考虑非营利组织信息披露政策的监管机构,以及非营利组织的管理者和董事聘用志愿者都有启示意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Do donors value volunteer commitment in assessing nonprofit effectiveness?

Evaluating organizational effectiveness is a significant challenge for nonprofit donors making donation allocation decisions. Donations may be misallocated if organizational effectiveness is inadequately assessed, and donors, who are often organizational outsiders, rely on nonprofit disclosures on IRS Form 990 to make such assessments. We examine whether donors value volunteer commitment, as measured by the number of volunteers that nonprofits disclose on Form 990, alongside financial and governance disclosures in assessing organizational effectiveness. Donors and volunteers prefer to make respective gifts of money and time to nonprofits that are effective in furthering their missions. Based on the premise that volunteers, as organizational insiders, are better positioned than donors to judge the impact of their contributions, we hypothesize that volunteer commitment provides value-relevant information to donors for use in assessing imprecise effectiveness signals—namely, the program ratio and corporate governance disclosures. Consistent with this, we find that the value relevance of the program ratio and corporate governance disclosures to donors is increasing with the level of volunteer commitment. These results suggest that donors view volunteer commitment as a signal of effectiveness, useful in interpreting other signals of effectiveness. The evidence is more pronounced among nonprofits that report more credible volunteer disclosures, have a larger proportion of sophisticated donors, and are more complex. These findings have implications for regulators considering nonprofit disclosure policies, as well as nonprofit managers and directors engaging volunteers.

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来源期刊
CiteScore
6.20
自引率
11.10%
发文量
97
期刊介绍: Contemporary Accounting Research (CAR) is the premiere research journal of the Canadian Academic Accounting Association, which publishes leading- edge research that contributes to our understanding of all aspects of accounting"s role within organizations, markets or society. Canadian based, increasingly global in scope, CAR seeks to reflect the geographical and intellectual diversity in accounting research. To accomplish this, CAR will continue to publish in its traditional areas of excellence, while seeking to more fully represent other research streams in its pages, so as to continue and expand its tradition of excellence.
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