Compensation to Managers of Charitable Organizations: An Empirical Study of the Role of Accounting Measures of Program Activities
研究慈善组织如何根据项目支出变化来调整高管薪酬，发现薪酬与项目支出正相关，表明会计指标在非营利组织中也能发挥作用。
We investigate how unique features of charities affect the manner in which they compensate their executives. We find that changes in compensation are significantly positively associated with changes in spending on programs that advance organization objectives, whether changes in program spending are attributable to changes in revenue raised or to changes in the relative costs of administering the charity. The results suggest that accounting performance measures can play a role in nonprofit organizations whose objectives are typically subjective and nonfinancial, and thus, whose progress toward objectives is difficult to quantify.