Governance, its determinants, and firm performance: An evidence from the top UK charities

Yang, Bitian (2019) Governance, its determinants, and firm performance: An evidence from the top UK charities. [Dissertation (University of Nottingham only)]

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During the past twenty years, research on corporate governance, the determinants of corporate governance, and firm performance has been widely studied. However, this research mainly focuses on the profit-making sector. It has been given little focus on the governance of non-profit organisations. Therefore, this study examines the determinants of governance and the relationship between these determinants and performance in charities. To be more specific, this study focuses on the questions as shown below:

What measures are appropriate for UK charities’ performance? What determinants have an impact on the charities’ performance in the UK? What kind of charities about governance structure are more likely to have better performance?

By discussing previous studies that are about the measure of performance, this paper identifies the programme ratio as the measure of performance for the UK charities. Moreover, by reviewing the previous literature, this study identifies eight governance variables that have an impact on the performance of charities. They are board size, board gender diversity, board ethnic diversity, board age, board activity, audit committee, internal audit function, and external auditor. The results of this study suggest that the board ethnic diversity, board activity, and audit committee have a positive and significant influence on performance. The results also suggest board age, internal audit function, and external auditor appear to have a significant but negative impact on the performance. Besides, board size and board gender diversity have no impact on charities’ performance.

Item Type: Dissertation (University of Nottingham only)
Keywords: Governance, Charities, Board composition
Depositing User: Yang, Bitian
Date Deposited: 08 Dec 2022 14:52
Last Modified: 08 Dec 2022 14:52

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