财务信息披露影响捐赠收入吗——基于中国公益基金会的经验证据

Does Financial Disclosure Affect Donation Income? Evidence Based on the Chinese Public Welfare Foundation

基于中民慈善捐助信息中心发布的《中国慈善组织透明度评估体系》,以2013基金会中心网公布的中国公益基金会透明指数为样本,分析了公益基金会财务信息披露的完整性、正规性和及时性对捐赠收入的影响,结果表明:公益基金会财务信息披露的完整性、正规性与捐赠收入显著正相关;公益基金会的资产总额与捐赠收入显著正相关,具有明显的"规模效应"。研究结论对于政府部门监管公益基金会财务信息以及公益基金会自身的发展均具有一定的借鉴意义与参考价值。

Based on the ＂China Charity Organization＇s transparency assessment system ＂issued by the China Charity Information Centre and the transparent index of the China Public Welfare Foundation published by the Foundation Network in 2013,this paper makes empirical test about the integrity,normality and timeliness of financial information disclosure of public welfare foundations. The results showthat：（1） The integrity and formality of public financial information disclosure are positively correlated with the donation income.（2） The total assets of the Public Welfare Foundation are significantly positively correlated with the donation income with a clear ＂scale effect＂. This paper provides some reference to supervise the financial information of the public welfare foundation for the government departments and the development of the organization itself.