Governance and Funds Allocation in United States Medical Research Charities

Posted: 11 Jul 2000

See all articles by Edward Alexander Dyl

Edward Alexander Dyl

University of Arizona

Howard L. Frant

University of Haifa - Department of Political Science

Craig A. Stephenson

Babson College - Management Division

Abstract

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.

Keywords: Corporate governance, boards of directors, nonprofit institutions

JEL Classification: G38, G39

Suggested Citation

Dyl, Edward A. and Frant, Howard L. and Stephenson, Craig A., Governance and Funds Allocation in United States Medical Research Charities. Available at SSRN: https://ssrn.com/abstract=234184

Edward A. Dyl (Contact Author)

University of Arizona ( email )

Department of Finance
Tucson, AZ 85721
United States
520-621-9534 (Phone)
520-621-1261 (Fax)

Howard L. Frant

University of Haifa - Department of Political Science ( email )

Haifa
Israel
972 4 824 0048 (Phone)
972 4 825 7785 (Fax)

Craig A. Stephenson

Babson College - Management Division ( email )

Babson Park, MA 02157
United States
781 239-6451 (Phone)
781 239-5004 (Fax)

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