Journal of Accounting and Economics Vol. 41 No. 3 2006
An introduction to the governance and taxation of not-for-profit organizations
open access
Abstract
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.
- DOI
- 10.1016/j.jacceco.2006.06.001
- Volume
- 41
- Issue
- 3
- Pages
- 293-305
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref