The Determinants of Voluntary Financial Disclosure by Nonprofit Organizations

Nonprofit and Voluntary Sector Quarterly

Volumn 41, Issue 6, 2012, Pages 1051-1071

  Saxton, Gregory D ^a   Kuo, Jenn Shyong ^b   Ho, Yi Cheng ^c  

^a UNIVERSITY AT BUFFALO   (United States)

^b NATIONAL TAIPEI UNIVERSITY   (Taiwan)

^c NATIONAL CHENGCHI UNIVERSITY   (Taiwan)

Author keywords

electronic disclosure; financial accountability; financial reporting; nonprofit organizations; not for profit medical institutions; voluntary disclosure; web disclosure

Indexed keywords

EID: 84866756643     PISSN: 08997640     EISSN: None     Source Type: Journal    
DOI: 10.1177/0899764011427597     Document Type: Article

References (42)

1. Alexander J. A.,Lee S. D.Does governance matter? Board configuration and performance in not-for-profit hospitals.Milbank Quarterly. 2006;84:733-758.
2. Behn B. K.,DeVries D.,Lin J.The determinants of transparency in nonprofit organizations: An exploratory study.Advances in Accounting. 2010;26 (1): 6-12.
3. Behn R. D.Rethinking democratic accountability. Washington, DC: Brookings Institution; 2001:.
4. Bergstrom T.,Blume L.,Varian H.On the private provision of public goods.Journal of Public Economics. 1986;29:25-29.
5. Brinkerhoff D. W.Taking account of accountability: A conceptual overview and strategic options. Washington, DC: US Agency for International Development; 2001:.
6. Brody E.The State of Nonprofit America. Salamon L., ed. Washington, DC: Aspen Institute & Brookings Institute Press; 2002:471-98.
7. Buchheit S.,Parsons L. M.An experimental investigation of accounting information's influence on the individual giving process.Journal of Accounting and Public Policy. 2006;25:666-686.
8. Department of Health, Taiwan. (2011a). Annual Financial Statements Database of Taiwan's Non-Profit Hospitals [translated]. http://www.doh.gov.tw.
9. Department of Health, Taiwan. (2011b). Annual Operational Activities Survey of Taiwanese Non-Profit Hospitals [translated]. http://www.doh.gov.tw.
10. Fama E. F.,Jensen M. C.Separation of ownership and control.Journal of Law and Economics. 1983;26:301-325.
11. Fan J.,Wong T. J.Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia.Journal of Accounting Research. 2005;43 (1): 35-72.
12. Francis J.,Maydew E.,Sparks H.The role of Big 6 auditors in the credible reporting of accruals.Auditing: A Journal of Practice and Theory. 1999;18 (2): 17-34.
13. Frank R.,Salkever D.,Mitchell J.Advances in health economics and health services research. Scheffler R.Rossifer L., ed. Greenwich, CT: JAI; 1990:159-183.
14. Gandía J. L.Internet disclosure by nonprofit organizations: Empirical evidence of nongovernmental organizations for development in Spain.Nonprofit and Voluntary Sector Quarterly. 2011;40 (1): 57-78.
15. Gordon T.,Fischer M.,Malone D.,Tower G.A comparative empirical examination of the extent of disclosure by private and public colleges and universities in the United States.Journal of Accounting and Public Policy. 2002;21:235-275.
16. Gordon T. P.,Knock C. L.,Neely D. G.The role of rating agencies in the market for charitable contributions: An empirical test.Journal of Accounting and Public Policy. 2009;28:469-484.
17. Greenlee J. S.,Brown K. L.The impact of accounting information on contributions to charitable organizations.Research in Accounting Regulations. 1999;13:111-125.
18. Hambrick D. C.,Mason P. A.Upper echelons: The organization as a reflection of its top managers.Academy of Management Review. 1984;9:193-206.
19. Healy P. M.,Palepu K. G.Information asymmetry, corporate disclosure, and the capital market: A review of the empirical disclosure literature.Journal of Accounting and Economics. 2001;31:405-440.
20. Hermalin B.,Weisbach M.Endogenously chosen boards of directors and their monitoring of the CEO.American Economic Review. 1998;88:96-118.
21. Jensen M. C.,Meckling W. H.Theory of the firm: Managerial behavior, agency costs and ownership structure.Journal of Financial Economics. 1976;3:305-360.
22. John K.,Senbet L. W.Corporate governance and board effectiveness.Journal of Banking and Finance. 1998;22:371-403.
23. Khumawala S. B.,Neely D. G.,Gordon T. P.The impact of voluntary disclosures on charitable giving (Working paper). Paper presented at 2010 Government and Nonprofit Section Midyear Conference of the American Accounting Association; 2010Baltimore, MD; 2010
24. Kish L.Survey sampling. New York, NY: John Wiley; 1965:.
25. Krishnan R.,Yetman M. H.,Yetman R. J.Expense misreporting in nonprofit organizations.Accounting Review. 2006;81:399-420.
26. Lawry R. P.Accountability and nonprofit organizations: An ethical perspective.Nonprofit Management and Leadership. 1995;6 (2): 171-180.
27. Lee M.Public reporting: A neglected aspect of nonprofit accountability.Nonprofit Management and Leadership. 2004;15:169-185.
28. Leftwich R. W.,Watts R. L.,Zimmerman J. L.Voluntary corporate disclosure: The case of interim reporting.Journal of Accounting Research. 1981;19:50-77.
29. Long J. S.Regression models for categorical and limited dependent variables. Thousand Oaks, CA: Sage; 1997:.
30. Luoma P.,Goodstein J.Stakeholders and corporate boards: Institutional influences on board composition and structure.Academy of Management Journal. 1999;42:553-563.
31. Melendez S. E.The nonprofit sector and accountability.New Directions for Philanthropic Fundraising. 2001;31:121-132.
32. Olson D. E.Agency theory in the not-for-profit sector: Its role at independent colleges.Nonprofit and Voluntary Sector Quarterly. 2000;29:280-296.
33. Parsons L. M.Is accounting information from nonprofit organizations useful to donors? A review of charitable giving and value relevance.Journal of Accounting Literature. 2003;22:104-129.
34. Robbins W.,Austin K.Disclosure quality in governmental financial reports.Journal of Accounting Research. 1986;24:412-421.
35. Rose-Ackerman S.Ideal versus dollars: Donors, charity managers, and government grants.Journal of Political Economy. 1987;95:810-823.
36. Saxton G. D.,Guo C.Accountability online: Understanding the Web-based accountability practices of nonprofit organizations.Nonprofit and Voluntary Sector Quarterly. 2011;40:270-295.
37. Schipper K.Discussion of voluntary corporate disclosure: The case of interim reporting.Journal of Accounting Research. 1981;19:85-88.
38. Skinner D. J.Why firms voluntarily disclose bad news.Journal of Accounting Research. 1994;32 (1): 38-60.
39. Tinkelman D.Factors affecting the relation between donations to not-for-profit organizations and an efficiency ratio.Research in Government and Nonprofit Accounting. 1999;10:135-161.
40. Trussel J. M.,Parsons L. M.Financial reporting factors affecting donations to charitable organizations.Advances in Accounting. 2008;23:263-285.
41. Watts J. W.,Zimmerman J. L.Positive accounting theory. Upper Saddle River, NJ: Prentice Hall; 1986:.
42. Zhuang J.,Saxton G. D.,Wu H.Publicity vs. impact in nonprofit disclosures and donor preferences: A Sequential game with one nonprofit organization and N donors.Annals of Operations Research