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dc.contributor.authorIm, So Yun
dc.date.accessioned2014-03-04T19:59:24Z
dc.date.available2014-03-04T19:59:24Z
dc.date.issued2011-05
dc.identifier.otherim_so-yun_201105_phd
dc.identifier.urihttp://purl.galileo.usg.edu/uga_etd/im_so-yun_201105_phd
dc.identifier.urihttp://hdl.handle.net/10724/27173
dc.description.abstractI examine the relation between funding sources and agency costs in not-for-profit organizations (NFPs). Resource dependency theory suggests that NFP governance is determined by the demand for monitoring by fund providers. More restrictive funds are associated with greater monitoring and vice-versa. I predict that NFPs deriving a higher proportion of their revenue from government grants (a more restrictive funding source) will exhibit lower agency costs and NFPs deriving a higher proportion of their revenue from investment income (a less restrictive funding source) will exhibit higher agency costs. I analyze funding compositions of 93,409 NFP-year observations from 1992 to 2006, and find that NFPs that derive a greater proportion of their revenue from government grants pay lower CEO compensation and have higher efficiency ratios. In contrast, NFPs that derive a greater proportion of their revenue from investment income pay higher CEO compensation and have lower efficiency ratios.
dc.languageeng
dc.publisheruga
dc.rightspublic
dc.subjectNot-for-profit organizations
dc.subjectGovernance
dc.subjectAgency costs
dc.subjectCEO compensation
dc.subjectOrganizational efficiency
dc.titleThe effects of funding sources on agency costs in not-for-profit organizations
dc.typeDissertation
dc.description.degreePhD
dc.description.departmentBusiness Administration
dc.description.majorAccounting
dc.description.advisorJennifer Gaver
dc.description.committeeJennifer Gaver
dc.description.committeeEric Yeung
dc.description.committeeChristopher Cornwell
dc.description.committeeStephen Baginski


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