Can tax regulations moderate revenue diversification and reduce financial distress in nonprofit organizations?

Abinzano Guillén, María Isabel; López Arceiz, Francisco José; Zabaleta Arregui, Idoia

Publication:
Can tax regulations moderate revenue diversification and reduce financial distress in nonprofit organizations?

dc.contributor.author	Abinzano Guillén, María Isabel
dc.contributor.author	López Arceiz, Francisco José
dc.contributor.author	Zabaleta Arregui, Idoia
dc.contributor.department	Economía	es_ES
dc.contributor.department	Ekonomia	eu
dc.date.accessioned	2022-08-02T07:43:51Z
dc.date.available	2022-08-02T07:43:51Z
dc.date.issued	2022
dc.date.updated	2022-07-21T10:10:17Z
dc.description.abstract	As a result of policies to reduce public deficit, nonprofit organizations have been forced to turn to charitable donations in order to diversify their revenue structure and thus reduce their levels of financial distress. Public administrations have supported this process through tax mechanisms designed to provide a legal framework that will encourage private philanthropy. Our aim is to analyse the role of nonprofit tax regulations in moderating the influence of revenue diversification on insolvency risk. To this end, we drew a sample of 406 nonprofit organizations located in Aragon and Navarre, two European regions with different tax regulations, for the period 2008-2018. Our results reveal that some tax regime requirements, such as the organizational purpose, minimum initial endowment, engagement in commercial activity, and accountability and monitoring standards, have a positive impact on revenue diversification and the reduction of financial distress and vulnerability. However, we also detect differences between regions which suggest that tax harmonization for nonprofit organizations remains a challenge.	en
dc.description.sponsorship	Universidad Nacional de Educación a Distancia, Grant/AwardNumbers: P/15/19/PID2019-104304GB-I00, and PID2019-107822RB-I00, funded by MCIN/AEI/10.13039/501100011033	es_ES
dc.format.mimetype	application/pdf	en
dc.identifier.citation	Abínzano, I.; López-Arceiz, F. J.; Zabaleta, I.. (2022). Can tax regulations moderate revenue diversification and reduce financial distress in nonprofit organizations?. Annals of Public and Cooperative Economics. 1-42 .	en
dc.identifier.doi	10.1111/apce.12370
dc.identifier.issn	1370-4788
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/43659
dc.language.iso	eng	en
dc.publisher	Wiley	en
dc.relation.ispartof	Annals of Public and Cooperative Economics, 2022, pp. 1-42	en
dc.relation.projectID	info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-104304GB-I00/ES/	en
dc.relation.publisherversion	https://doi.org/10.1111/apce.12370
dc.rights	© 2022 Edgard Milhaud Foundation. Creative commons Attribution-NonCommercial 4.0 International	en
dc.rights.accessRights	Acceso abierto / Sarbide irekia	es
dc.rights.accessRights	info:eu-repo/semantics/openAccess	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc/4.0/
dc.subject	Financial distress	en
dc.subject	Nonprofit	en
dc.subject	Revenue structure	en
dc.subject	Tax regulations	en
dc.title	Can tax regulations moderate revenue diversification and reduce financial distress in nonprofit organizations?	en
dc.type	Artículo / Artikulua	es
dc.type	info:eu-repo/semantics/article	en
dc.type.version	Versión publicada / Argitaratu den bertsioa	es
dc.type.version	info:eu-repo/semantics/publishedVersion	en
dspace.entity.type	Publication
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