The Property Rights Approach to Nonprofit Organization: The Role of Intrinsic Motivation

• Published in: Public organization review Vol. 7; no. 1; pp. 41 - 55
• Main Author: Valentinov, Vladislav
• Format: Journal Article
• Language: English
• Published: Dordrecht Springer Nature B.V 01.03.2007
• Subjects: Corporate governance; Economic theory; Efficiency; Entrepreneurs; Incentives; Motivation; Nonprofit organizations; Private property; Profits; Property rights; Stock exchanges; Studies

The standard property rights approach to nonprofit organization claims that attenuation of property rights in the form of nondistribution constraint stimulates managerial shirking in nonprofit firms and thereby makes them less efficient than for-profit firms. This paper argues that this view neglect...