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- Title
Funding Sources and Excess CEO Compensation in Not-for-Profit Organizations.
- Authors
Gaver, Jennifer J.; Im, S. Mary
- Abstract
We examine the relation between funding composition and excess CEO compensation in not-for-profit organizations (NFPs). Our sample consists of 105,400 observations from 15,412 unique organizations during 1992 to 2007. The results suggest that excess CEO compensation is negatively related to funding from government grants, government-paid program service revenues, and public donations. Excess CEO compensation is positively related to funding from investment income. Our findings generally support the view that the demand for monitoring by fund providers is associated with agency costs in NFP organizations.
- Subjects
CHIEF executive officers; EXECUTIVE compensation; COMPENSATION management; NONPROFIT organizations accounting; GRANTS in aid (Public finance); INVESTMENT income
- Publication
Accounting Horizons, 2014, Vol 28, Issue 1, p1
- ISSN
0888-7993
- Publication type
Article
- DOI
10.2308/acch-50588