This study examines the impact of the California Nonprofit Integrity Act (2004) on CEO compensation costs in affected organizations. Contrary to the stated objective of the Act that executive compensation be “just and reasonable,” we find that CEO compensation costs for affected nonprofits...

In 2002, a number of regulatory actions were introduced to alleviate the conflicts of interest faced by research analysts with investment banking affiliations. While the regulations have been beneficial to the extent that they eliminated these conflicts, they also gave rise to unintended...

This study focuses on the impact of the California Non-Profit Integrity Act (2004) on executive compensation costs in affected nonprofit organizations. We find that, for affected organizations, executive compensation costs during post-regulation periods have gone up in comparison to control...