The Impact of Employee Compensation and Financial Performance on Nonprofit Organization Donations
研究了员工薪酬高于中位数对非营利组织捐赠的影响，发现高薪酬整体上不利于捐赠，但良好的财务绩效可以缓解这种负面效应。
This study focuses on the complex interaction between employee compensation and organizational financial performance. In particular, we investigate the impact of higher than median employee compensation on nonprofit donations and whether such impact is conditional on the financial performance of the organization. Using recent panel data from 10,206 nonprofit organizations across multiple tax designations, we test the hypotheses with Tobit maximum likelihood estimation that incorporates measures of employee compensation, financial performance, financial capacity, and controls for state factors and nonprofit type. Findings demonstrate that employee compensation above the median is unfavorable for donations overall; however, the negative effect is mitigated by sound financial performance. This study highlights the collective impact that exists between financial performance and employee compensation on organizational donative resources, directly speaks to an organization’s internal capacity to raise private revenue, and adds subtlety to the ongoing discussions of how much is enough compensation for high-quality nonprofit leadership.