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政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/64843

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/64843

Title:	Not-for-Profit Service that Leads Profit: Delegation and Competition between Not-for-Profit and For-Profit Organizations
Authors:	廖四郎;宋豪漳 Liao, Szu-Lang;Sung, Hao-Chang
Contributors:	金融系
Date:	2011-12
Issue Date:	2014-03-24 13:50:53 (UTC+8)
Abstract:	This study shows that the provision of not-for profit service would not only give not-for-profit organizations (NPOs) a competitive advantage over for-profit organizations (FPOs). Under the separation of control and ownership, we illustrate that once market demand is inelastic, the provision of not-for-profit service serves as a strategic device for the manager of an NPO and thus induces the owner of an NPO to overcompensate his manager regarding the margin of profit. Moreover, as the regulated price of not-for-profit service increases, an NPO could still over-compensate his manager in regard to profit, when the indirect effect on increasing preference difference between the owner and manager of the NPO dominates the direct effect on market price. Thus, an NPO could charge more in for-profit service.
Relation:	International Research Journal of Finance and Economics, 80, 40-48
Data Type:	article
Appears in Collections:	[金融學系] 期刊論文

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