Brian D. Galle, Professor at Georgetown University Law Center, has made available for download his article, “Valuing the Right to Sue: An Empirical Examination of Nonprofit Agency Costs.”  The abstract reads as follows:

Do stakeholder suits against managers reduce agency costs? I examine this question using a large panel of private foundation tax returns, together with hand-collected data on state-law variations in the right of donors to sue wayward nonprofit managers. In both difference-in-differences and triple-difference estimations, I find on average that

Download full article at: Valuing the Right to Sue: An Empirical Examination of Nonprofit Agency Costs by Brian D. Galle :: SSRN

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.