scholarly journals Corporate Hypocrisy: Role of Non-Profit Corporate Foundations in Earnings Management of For-Profit Founder Firms

2018 ◽  
Vol 10 (11) ◽  
pp. 3991 ◽  
Author(s):  
Liping Xu ◽  
Shuxia Zhang ◽  
Ning Liu ◽  
Li Chen
Keyword(s):  
Earnings Management ◽  
Non Profit ◽  
For Profit ◽  
Corporate Foundations ◽  
Chinese Characteristics ◽  
Significant Difference ◽  
Self Interest ◽  
Using Data ◽  
Corporate Social ◽  
Privately Owned

The purpose of this study is to examine whether for-profit firms make opportunistic use of their corporate foundations to pursue self-serving earnings objectives in China. Using data on corporate foundations and a sample of firms listed on the A-share market from 2010 to 2016, we first use the propensity score matching method to explore the effect of corporate foundations on earnings management of their founder firms. We find that the overall discretionary accruals of firms with corporate foundations are significantly higher than for those without corporate foundations. Given the ownership property with Chinese characteristics, we further find that the significant difference is driven by privately-owned firms. Then we develop a model of discretionary donation expenditures to measure the magnitude of earnings management associated with corporate foundations. We observe that firms with small profits and consecutive earnings increase record income-increasing discretionary donation expenditures. While firms that record income-decreasing discretionary donation expenditures create earnings reserves that they can use in subsequent periods to report consecutive earnings increases. The results demonstrate that the visibly ethical behavior of establishing corporate foundations does not necessarily represent the consistent embodiment of corporate social responsibility (CSR), but can be regarded as corporate hypocrisy with self-interest embedded in benevolence.

scholarly journals Combining Paid Work and Eldercare in the Netherlands in the Practice of Selected Dutch Organizations

2019 ◽  
Vol 14 (3) ◽  
pp. 255-270
Author(s):  
Agnieszka Furmańska-Maruszak ◽  
Susanne Heeger-Hertter
Keyword(s):  
The Netherlands ◽  
Institutional Factors ◽  
Paid Work ◽  
Public And Private ◽  
Non Profit ◽  
For Profit ◽  
Flexible Working ◽  
Self Interest ◽  
Corporate Social ◽  
The Relationship

The possibility to balance work and eldercare in the Netherlands is determined by legal and institutional factors (such as special employment entitlements for a career in the form of leaves and a flexible working arrangement). In our paper we compare the Dutch legislation in this field with the HRM practice of four Dutch public and private (non-profit and for-profit) organizations. The aim is to check what kind of workplace eldercare assistance is provided by the organizations and what forms are applied due to legal regulations and what goes beyond these regulations and why. The results show that the relationship between employer and employee is based on mutual trust. Dutch employers are – as far as circumstances permit – more generous in practice than the specific legislation requires, mainly due to the minimum rights in the legislation. A reason for the generosity is self-interest. The Dutch regulation of sick pay can be seen as an incentive to prevent sickness as it obliges employers to continue paying the wages during sickness for a long period. Moreover, they want to build loyalty and motivation among their employees by developing a formof corporate social responsibility.

scholarly journals The impact of the nationalisation threat on Zimbabwe’s economy

2014 ◽  
Vol 12 (1) ◽  
pp. 159-168
Author(s):  
Patricia Lindelwa Makoni
Keyword(s):  
Social Responsibility ◽  
Local Governance ◽  
Collective Responsibility ◽  
Public And Private ◽  
Non Profit ◽  
Environmentally Sustainable ◽  
For Profit ◽  
Corporate Social ◽  
Sustainable Economic Growth ◽  
The Impact

Internationally, the theme of territorial social responsibility, or territorial networks (CSR-oriented partnerships between local public and private partners) aimed to promote a model of sustainable economic growth, is still little noted. The movement of collective responsibility sees institutions and organisations (public and private, for profit and non-profit) participating in a form of economic development that is socially and environmentally sustainable. In these territories where deeply rooted actors are stimulated to cooperate for the responsible development of the productive system, their combined actions become an effective instrument in the sustainable government of the territory. Based on this consideration, the aim of our research is the evaluation of Italian local governmental initiatives to promote corporate social responsibility through public-private networks (specially focusing on the “Marche Region” case- study). Local governance based on the subsidiarity and the shared values of a spatial and socio-economic community can therefore be interpreted as a possible form of “managing publicly” which is focused on creating values and following the public interest, and operates through their motivations and values. This triggers a path of human governance in which participation, co-planning, and dialogue are not merely slogans but the modus operandi in actors’ processes of creating value.

scholarly journals Quality differences between private for-profit, private non-profit and public hospitals in Norway: a retrospective national register-based study of acute readmission rates following total hip and knee arthroplasties

BMJ Open ◽  
2017 ◽  
Vol 7 (8) ◽  
pp. e015771 ◽  
Author(s):  
Geir Hiller Holom ◽  
Terje P Hagen
Keyword(s):  
Instrumental Variable ◽  
Acute Hospital ◽  
Public Hospitals ◽  
Readmission Rates ◽  
Non Profit ◽  
Lower Odds ◽  
Total Hip ◽  
For Profit ◽  
Patient Level ◽  
Significant Difference

ObjectivesTo compare the quality of care—using unplanned acute hospital readmissions as a quality measure—among patients treated at private for-profit hospitals (PFPs), private non-profit hospitals (PNPs) and public hospitals (PUBs) in Norway.DesignA retrospective comparative study using the Norwegian Patient Register. Readmissions were evaluated by logistic regressions both using adjustment for various patient-level and other covariates, and a two-stage model using distance as an instrumental variable.SettingThe Norwegian healthcare system.PopulationAll publicly financed patients having primary total hip (37 897 patients) or primary total knee arthroplasty (25 802 patients) at one of the three hospital types from 2009 to 2014.Primary outcome measure30-day unplanned acute hospital readmission rate.ResultsWe found highest readmission rates among PUBs and lowest among PFPs, for both procedures. However, the patients were on average more than 2 years younger at PFPs. PFPs also treated the least severe patients, while PUBs treated the most severe. Using adjustment for various patient-level and other covariates, compared to PUBs, both PFPs and PNPs had lower odds of readmission following both procedures. However, using the instrumental variable method, the only significant difference found was a lower odds of readmission at PNPs among hip patients when compared with PUBs. No patients in our data set were readmitted to PFPs, those originally treated at PFPs were readmitted to either PNPs or PUBs, and PUBs received most of the readmitted patients across hospital types.ConclusionsQuality differences between hospital types were small; however, PNPs had significantly lower readmission rates compared with PUBs among patients having total hip arthroplasty. PUBs received the larger part of the readmitted patients across hospital types and thus play an essential role in the care of more complex patients and for readmissions, regardless of any quality differences.

scholarly journals Corporate – Nonprofits Partnerships to Improve Social Innovation and Corporate Social Responsibility

2021 ◽  
Author(s):  
Lauren Castagnola ◽  
Robert Yawson
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Innovation ◽  
Hiring Practices ◽  
Collective Impact ◽  
Organizational Setting ◽  
Non Profit ◽  
For Profit ◽  
Advantages And Disadvantages ◽  
Corporate Social

Corporations are under increasing pressure to serve social purposes beyond maximizing shareholder value. One of the best resources for businesses seeking to affect social change meaningfully is through working with, learning from, and partnering with nonprofits. Different approaches have been emerging for nonprofits to inform and support the interests of for-profit businesses in the area of corporate social responsibility (CSR). In particular, collective impact (CI) and its implications for corporate partners; increasing positive community engagement through progressive hiring practices instituted by non-profit organizations (NPOs); fostering innovation within an organizational setting through NPO collaboration; and exploring a hybrid model of non-profit/for-profit business, with an examination of the advantages and disadvantages thereof. In this paper, we review these unique approaches to show how for-profits can learn from nonprofits and <i>vice versa </i>when it comes to social innovation and corporate social responsibility.

scholarly journals Social accounting and its contribution to society

2013 ◽  
pp. 7-16
Author(s):  
Inese Vigante ◽  
Ruta Sneidere
Keyword(s):  
Corporate Social Responsibility ◽  
Economic System ◽  
Environmental Aspects ◽  
Social Accounting ◽  
Non Profit ◽  
The Public ◽  
For Profit ◽  
System A ◽  
Corporate Social

With the development of the society and its economic system, a need has emerged to develop accounting as well. The increasing role of social accounting, which keeps records of for-profit, non-profit, and governmental organisations, is associated with the complexity of the environment in which businesses and organisations are operating and presenting reports about their social, ethical, and environmental aspects. Organisations are subject to greater transparency, and many stakeholders are interested in and concerned about the performance of organisations within the context that is not reflected, to a satisfactory extent, in traditional accounting. Traditional accounting ensures reporting to the shareholders or the state, whereas social accounting provides information to all stakeholders, including the public. Social accounting includes all kinds of accounts that go beyond the economic and for all the different labels under which it appears. This paper deals with the main issues and tools of corporate social responsibility, which is a very important prerequisite for organisations in order to introduce the principles of social accounting.

scholarly journals Bureaucracy And Charities: The Economics Of Private Voluntary Aid

2011 ◽  
Vol 5 (2) ◽  
Author(s):  
Abdiweli M. Ali
Keyword(s):  
Private Enterprises ◽  
Efficient Allocation ◽  
Allocation Of Resources ◽  
Font Size ◽  
Non Profit ◽  
Ability To Pay ◽  
For Profit ◽  
Limited Role ◽  
Self Interest ◽  
Shed Light

<p class="MsoNormal" style="text-align: justify; margin: 0in 0in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">This paper tries to shed light on the economics of non-profit firms. It presents a limited managerial discretionary model of non-profits to indicate that the functions of the non-profits are not devoid of self-interest. The model shows that non-profits are not that different than for-profit firm except that they are constrained by the zero-profit condition associated with non-profits. Nevertheless, the managers of non-profit are self-interested utility-maximizers like their counterparts in for-profit firms. The limited role that they can play is clear from the analysis above. If non-profit organizations perform a useful role, they must provide outputs that cannot be provided profitably by private enterprises. It must be the case that the lure of profit doesn&rsquo;t lead to a socially efficient allocation of resources when there are socially valuable forms of outputs that are not rewarded financially----either because they are costly to buyers to evaluate or because they go to persons with little ability to pay.</span></span></p>

scholarly journals Corporate – Nonprofits Partnerships to Improve Social Innovation and Corporate Social Responsibility

2021 ◽  
Author(s):  
Lauren Castagnola ◽  
Robert Yawson
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Innovation ◽  
Hiring Practices ◽  
Collective Impact ◽  
Organizational Setting ◽  
Non Profit ◽  
For Profit ◽  
Advantages And Disadvantages ◽  
Corporate Social

Corporations are under increasing pressure to serve social purposes beyond maximizing shareholder value. One of the best resources for businesses seeking to affect social change meaningfully is through working with, learning from, and partnering with nonprofits. Different approaches have been emerging for nonprofits to inform and support the interests of for-profit businesses in the area of corporate social responsibility (CSR). In particular, collective impact (CI) and its implications for corporate partners; increasing positive community engagement through progressive hiring practices instituted by non-profit organizations (NPOs); fostering innovation within an organizational setting through NPO collaboration; and exploring a hybrid model of non-profit/for-profit business, with an examination of the advantages and disadvantages thereof. In this paper, we review these unique approaches to show how for-profits can learn from nonprofits and <i>vice versa </i>when it comes to social innovation and corporate social responsibility.

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