Will restricting the use of donated assets enable charities to receive more donations?
In the role of benefactors as trustees of charitable resources,they play a crucial role in driving the high-quality development of charitable organizations.However,there is currently no consensus in the literature on how they perform governance actions.Using the data of Chinese charity foundation from 2011 to 2020,we study the impact of governance effects of donors on the future donation income of the foundation.The results show:the governance effects have positive impact on the future donation income in an inverted U-shaped relationship,and the quality of information disclosure plays a partial intermediary effect.Further research finds that the above effects have substitution roles with the internal and external governance effect of the foundation.After further dividing the types of donation income and the scale of charitable foundations,we find the effect has a more obvious impact on the donation income of large foundations,and donors are governed out of the preference of improving social welfare and their own social value.The results of this paper indicate the active governance of donors,and provide ideas for improving the fundraising ability of charitable organizations in China,promoting the high-quality development of public welfare charity,and improving the third distribution system.
charityactive managementthird distributionrestricted net assets
NETL
NSTL
万方数据
