TY - JOUR
T1 - Policy issues raised by for-profit spinoffs from professional associations : an evaluation of a recent AICPA initiative
AU - SHAFER, William E.
AU - OWSEN, Dwight
PY - 2003/1
Y1 - 2003/1
N2 - This paper provides an evaluation of the spinoff of a for-profit company from the American Institute of Certified Public Accountants (AICPA), a nonprofit professional association. The evaluation is based on a review of the literature on public policy issues surrounding organizational conversions from nonprofit to for-profit legal status. Many criticisms of this for-profit spinoff were voiced by professional leaders and accounting regulators, and we demonstrate that these criticisms are grounded in widely recognized policy principles relating to nonprofit conversions. The public policy issues raised by this study have implications for the governance of professional associations in all disciplines.
AB - This paper provides an evaluation of the spinoff of a for-profit company from the American Institute of Certified Public Accountants (AICPA), a nonprofit professional association. The evaluation is based on a review of the literature on public policy issues surrounding organizational conversions from nonprofit to for-profit legal status. Many criticisms of this for-profit spinoff were voiced by professional leaders and accounting regulators, and we demonstrate that these criticisms are grounded in widely recognized policy principles relating to nonprofit conversions. The public policy issues raised by this study have implications for the governance of professional associations in all disciplines.
KW - nonprofit governance
KW - nonprofit organizations
KW - professional associations
KW - professionalism
KW - public policy
UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-0345863450&doi=10.1023%2fA%3a1021946917170&partnerID=40&md5=617c12ddcdd62d941e684d5e6baede75
U2 - 10.1023/A:1021946917170
DO - 10.1023/A:1021946917170
M3 - Journal Article (refereed)
VL - 42
SP - 181
EP - 195
JO - Journal of Business Ethics
JF - Journal of Business Ethics
SN - 0167-4544
IS - 2
ER -