Provides in-depth analysis of excessive executive compensation at the 20 wealthiest Massachusetts private colleges and universities during 2008-09, the academic year of the financial crisis. Analyzes both disclosed and undisclosed compensation packages as well as income inequality between highly...

This paper is written in Portuguese. Many philanthropists seek to exercise leadership on issues they are passionate about. But their resources are limited when compared to the public sector and the magnitude of social needs. To create impact, philanthropists must respond effectively to the...

We investigate the relationship between private foundation performance and managerial pay. Private foundations are an unusual organizational form in that after the death of the founder, there are no donors or other external constituencies with the power and incentives to discipline management....

The law on nonprofit directors' obligations is sparse. Nevertheless, in recent years nonprofit directors have faced increased scrutiny. This article explores this increased scrutiny and sheds light on the development of North Carolina nonprofit law as it pertains to directors' duties. North...

We examine the effect of corporate governance on both CEO compensation and several financial performance indicators in a sample of Dutch hospitals. In a series of pooled regressions, we find evidence that supports earlier findings in the literature. For instance, our results indicate that the...

Nonprofit organizations have been recently mandated to disclose the details of their executives' compensation packages. Contract information is now accessible not only to current and prospective donors, but also to rival nonprofit organizations competing for donations in the fundraising market....

We evaluate the effect of highly salient disclosure of private college and university president compensation on subsequent donations using a quasi-experimental research design. Using a differences-in-discontinuities approach to compare institutions that are highlighted in the Chronicle of Higher...

This paper examines UK University Vice Chancellors (VC) pay awards. The empirical analysis, covering the period 1997 to 2002, evaluates the impact upon VC pay awards of university performance measures, an internal pay comparison measure and two external pay comparisons, i.e., the pay of other...

In this paper, we investigate the market for senior management in the U.S. charities sector. Using charity-level data from 990 Forms filed for U.S. Internal Revenue Service, we document two new stylized facts not documented before in the literature. First, we find that female CEOs are more...

Many philanthropists seek to exercise leadership on issues they are passionate about. But their resources are limited when compared to the public sector and the magnitude of social needs. To create impact, philanthropists must respond effectively to the complexity of the problems they seek to...