Valuing the Right to Sue: An Empirical Examination of Nonprofit Agency Costs by Brian D. Galle

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.