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The Governance of Not-For-Profit Firms

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NBER2002-05-01 更新2025-01-04 收录
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Many factors including incentive-pay, powerful shareholders, and takeover threats push for-profits managers towards maximizing shareholder value. One of the most striking factors about non-profit firms is that they have no comparable governance institutions, and the only check on managers are boards

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2002-05-01
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