Governance, Performance, and Compensation in Nonprofit Organizations: A Review of Recent Empirical Nonprofit Research

Abstract

ABSTRACT In recent years, nonprofit empirical research has experienced substantial growth, warranting a comprehensive overview of the most recent empirical research on governance, performance, and compensation of nonprofit organizations. This paper provides a detailed review of recent representative empirical studies within each accounting topic, organized chronologically by major accounting areas. By offering a comprehensive and organized overview, we intend to fill a gap in the existing literature and provide valuable insights for scholars and professionals seeking to understand the dynamics of these major accounting topics in the nonprofit sector. Additionally, Appendix A includes an annotated bibliography of empirical research on nonprofit accounting published since 2016, encompassing both references and major findings. This study serves as a crucial resource for researchers, as well as for board members and professionals, interested in staying abreast of recent developments in these major nonprofit sector accounting topics. JEL Classifications: M41; M42; M48; M49.