Nonprofit Stakeholder Response to Going-Concern Audit Opinions
| Autor: | Keval Amin, Erica E. Harris |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Auditor's report
050208 finance business.industry Organizational efficiency media_common.quotation_subject 05 social sciences Economics Econometrics and Finance (miscellaneous) Stakeholder Going concern Accounting Sample (statistics) 050201 accounting Audit Public relations Service (economics) 0502 economics and business Nonprofit sector business Finance media_common |
| Zdroj: | Journal of Accounting, Auditing & Finance. 32:329-349 |
| ISSN: | 2160-4061 0148-558X |
| DOI: | 10.1177/0148558x15604989 |
| Popis: | Using a sample of industry-diverse nonprofit organizations, we find support for stakeholders’ use of nonprofit going-concern audit opinion (GCO) reports. We study the reactions of the three largest nonprofit stakeholder groups: donors, service recipients, and managers. Our findings suggest that although large (sophisticated) donors respond negatively to a GCO, small (unsophisticated) donors contribute more following a GCO. We also find that service recipients spend more at service-oriented organizations than at charitable nonprofits following a GCO. Finally, managers respond to a GCO by increasing organizational efficiency at service-oriented organizations. Taken together, the evidence suggests that GCOs are informative in the nonprofit sector, and stakeholders’ responses to GCOs depend on stakeholder and organization type. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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