search query: @indexterm NON-PROFIT ORGANIZATIONS / total: 255
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| Author: | Bolton, P. Mehran, H. |
| Title: | An introduction to the governance and taxation of not-for-profit organizations |
| Journal: | Journal of Accounting & Economics
2006 : SEP, VOL. 41:3, p. 293-305 |
| Index terms: | non-profit organizations administration taxation |
| Language: | eng |
| Abstract: | In this paper, a brief overview is provided of the current state of the not-for-profit (hereafter as: nfp.) sector. Specific governance issues in not-for-profit organizations (here as: nfp-orgs.) are discussed. An in-depth analysis is presented of the issues arising when nfp-orgs. compete against for-profit firms (as: fp-frs.) in the same markets. It is argued that while competition by fp-frs. can discipline nfp. firms, mitigating their governance problems, the effects of this competition are distorted by the nfp-orgs.' corporate income tax exemptions. Based on a simple general equilibrium analysis, it is argued that little justification is be found for such exemptions. |
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