Abstract
This study examines the effects of professionalization on the cost efficiency of fundraising organizations in a unique research context, Chinese charitable foundations. Two important professionalization measures, professionalized human resource management and accounting practices, are adopted. Using data from audited annual reports from 2005 to 2009, we find that professionalization in general enables foundations to increase their fundraising cost efficiencies. However, further analysis indicates that this positive effect only occurs in private but not in public foundations. Furthermore, the positive effect of professionalization is more significant when raising unrestricted funds than when raising restricted funds from donors.
| Original language | English |
|---|---|
| Pages (from-to) | 773-797 |
| Number of pages | 25 |
| Journal | Voluntas |
| Volume | 28 |
| Issue number | 2 |
| Early online date | 18 Aug 2016 |
| DOIs | |
| Publication status | Published - Apr 2017 |
| Externally published | Yes |
Bibliographical note
Funding Information:Na Ni was supported by the National Nature Science Foundation of the People’s Republic of China [Projects #71602121]. Shujun Ding was supported by the RDP program of the University of Ottawa, the SMRF program of the Telfer School of Management, and the CPA-Canada Accounting and Governance Research Centre.
Publisher Copyright:
© 2016, International Society for Third-Sector Research and The Johns Hopkins University.
Keywords
- Charitable foundations
- China
- Cost efficiencies
- Professionalization