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Governance and Funds Allocation in United States Medical Research Charities
Author(s) -
Dyl Edward A.,
Frant Howard L.,
Stephenson Craig A.
Publication year - 2000
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/1468-0408.00111
Subject(s) - accounting , business , corporate governance , insider , executive director , expense ratio , finance , public administration , political science , management , economics , law , closed end fund , market liquidity
We examine boards of directors of medical research charities and find that medical charities spend less on program activities and more on fund‐raising when the executive director of the charity serves on the board of directors, especially when the board is small. Executive salaries are also higher at charities where management is represented on the board. Management and general expenses and fund balances are, however, unrelated either to the presence of an insider on the board or to the size of the board.