Mission Capture

45 Pages Posted: 7 May 2019 Last revised: 17 Oct 2020

See all articles by Michael P Carniol

Michael P Carniol

Rutgers Business School -- Newark and New Brunswick

Paul E. Fischer

University of Pennsylvania - Accounting Department

Date Written: October 16, 2020

Abstract

Private organizations that produce public goods commonly accept restricted contributions. We analyze a model in which the voluntary acceptance of a restricted contribution can force an organization to alter the nature of public goods produced, which we call mission capture. Our analysis identifies factors that determine the likelihood of mission capture, assesses the ex ante welfare implications of possible mission capture, and considers the critical role disclosure can play in managing the welfare implications of possible mission capture.

Keywords: Philanthropy; Nonprofit Organizations; Capture; Disclosure

JEL Classification: D64, L31

Suggested Citation

Carniol, Michael P and Fischer, Paul E., Mission Capture (October 16, 2020). Available at SSRN: https://ssrn.com/abstract=3368217 or http://dx.doi.org/10.2139/ssrn.3368217

Michael P Carniol (Contact Author)

Rutgers Business School -- Newark and New Brunswick

1 Washington Park
Newark, NJ 07102
United States

Paul E. Fischer

University of Pennsylvania - Accounting Department ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

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