Are Foreign Donors Good Monitors
Bibliographic Data
| ID | 19446206 |
|---|---|
| Authors | Hsihui Chang (0000-0002-6230-9789, Drexel University, Philadelphia, PA, USA), Erica Harris (0009-0007-8559-5785, Florida International University, corresponding author), Erica E Harris (Florida International University, Miami, FL, USA), Shushu Jiang (0000-0002-5458-350X, University of Toronto, Toronto, Canada), Zhiming Ma (0000-0002-6767-1015, Peking University, Beijing, People’s Republic of China) |
| Year | 2023 |
| Volume | 32 |
| Issue | 1 |
| Pages | 29-54 |
| Publication date | 2023-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | European Accounting Review (JOURNAL) |
| Journal identifiers | ISSN: 0963-8180 • E-ISSN: 1468-4497 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09638180.2021.1936587 |
| OpenAlex | W3179982831 |
| Language | EN |
| References cited | 29 |
This paper examines whether and how foreign institutional donors play a monitoring role in the nonprofit sector. By analyzing 2567 Chinese nonprofit foundations from 2005 to 2014, we find that foundations with foreign institutional donors are associated with higher quality reporting. The effect is more pronounced for nonprofit foundations without established monitors in the form of large domestic donors, sophisticated donors, or national government oversight. These findings suggest that foreign institutional donors are indeed good monitors. Our results are robust to a myriad of alternative specifications and make important first steps in understanding the impact of foreign institutional donors in international giving, especially in developing countries
Business · Economics · Public economics · Islamic Finance and Banking Studies · Nonprofit Sector and Volunteering · Religion, Society, and Development · Accounting
| Highly cited | No |
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