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The Analysis Of Operating Efficiency Of Charity Foundation

Posted on:2020-04-28Degree:MasterType:Thesis
Country:ChinaCandidate:Y Y LiuFull Text:PDF
GTID:2427330596469983Subject:Accounting
Abstract/Summary:PDF Full Text Request
By November 18,2018,there are 6938 foundations in China.So many foundations have played an important role in promoting the prosperity and development of philanthropy and the effective allocation of social resources.The report of the Nineteenth National Congress of the Communist Party of China emphasizes that in order to build a multi-level social security system in an all-round way,the comprehensive social security system needs not only the institutional arrangements stipulated by the law,but also the joint role of various guarantees.It is the common expectation of social security reform all over the world to further rationally divide the business and responsibilities of different subjects and more rationally distribute social security resources.One of the important components of China's comprehensive social security system is non-profit organizations.This is mainly due to the fact that non-profit organizations can raise more resources to supplement the inadequate resources of the government for relief and provide better services for those in need.Public welfare foundation is one of the components of non-profit organizations in China.In recent years,when the public witnessed a series of charity scandals,more and more people have increased their attention and supervision on the efficiency of the foundation.Foundation operation efficiency has a serious impact on the development of the foundation,so an important goal of the business authorities and regulatory departments is to improve the efficiency of the foundation operation.The public regards the operational efficiency of the foundation as an important index to understand and evaluate the foundation.Donors regard the operational efficiency of the foundation as an important reference for making decisions on whether to donate and how much to donate.How to evaluate the operation efficiency of foundations and what factors affect the operation efficiency of foundations,whether these factors have positive or negative effects on the operation efficiency of foundations,are worth studying.This paper reviews the relevant literature from the four perspectives of the necessity,evaluation methods,evaluation indicators and the existing problems of efficiency evaluation of non-profit organizations.Then,it defines the concept of operation efficiency of public welfare foundations and foundations.Based on principal-agent theory,stakeholder theory and signal transmission theory,it finds out the factors that may affect the efficiency of public welfare foundations from a theoretical point of view.In order to prove this effect,it conducts empirical research.The empirical test first evaluates the comprehensive operation efficiency of the foundation for many years,and then studies the influencing factors of the comprehensive operation efficiency of the foundation.In the part of evaluating the operational efficiency of foundations,based on the top 100 foundations in the list of net assets,donation income and public welfare expenditure from 2012 to 2016 disclosed by Foundation Center Network,the research samples were selected.The operational efficiency of each foundation in five years was obtained by factor analysis method,and then the Topsis method was used to analyze the operational efficiency of each foundation in five years.Operating efficiency is evaluated comprehensively.In the study of the influencing factors of the comprehensive operation efficiency of the foundation,this paper focuses on the influence of the nature,scope,scale,duration of establishment,net assets,initial input and quality of information disclosure on the comprehensive operation efficiency of the foundation for many years.The main conclusions of this paper are as follows:(1)National foundations are more efficient than local foundations.This validates the I-P-O model of efficiency evaluation and the stakeholder theory.(2)Foundations with large organizations operate more efficiently than foundations with small organizations,which supports the I-P-O model of efficiency evaluation and stakeholder theory.(3)Foundations with more net assets are more efficient than those with less net assets.This verifies the principal-agent theory and signal transmission theory.(4)Foundations with more initial investment are less efficient than those with less initial investment.This supports the I-P-O model of efficiency evaluation,principal-agent theory and stakeholder theory.The results obtained in the robustness test also accord with the expectations of this paper.At the end of this paper,based on the theoretical combing and empirical analysis of the previous parts,combined with the actual situation of improving the operational efficiency of public welfare foundations in China,we put forward some suggestions on improving the information disclosure system of foundations,strengthening the construction of supervision mechanism and strengthening industry governance.
Keywords/Search Tags:Public Welfare Foundation, Operating Efficiency, Factor Analysis TOPSIS
PDF Full Text Request
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