Effect of the Sarbanes-Oxley Act Policies among Employees and Volunteers
Faculty Advisor Name
Margaret F. Sloan, PhD
Department
School of Strategic Leadership Studies
Description
This non-experimental quantitative study investigates the nexus between financial disclosure policies and job satisfaction among employees and volunteers within 331 medium to large NPOs with incomes exceeding USD 250,000 operating in arts and humanities non-profit organizations (NPOs). Based on the agency theory and stakeholders' theory this study examines the correlation between Sarbanes-Oxley Act (SOX Act) policies and their collective impact on job satisfaction and staff retention. The findings reveal no statistically significant correlation between staff retention and the accountability index. Various factors, such as policy implementation duration, additional retention predictors, and the impact of the COVID-19 pandemic, contribute to this lack of association. Future research recommendations advocate for longitudinal designs, expanded surveys encompassing latent variables, and controlling for confounding factors to comprehensively elucidate the relationship between NPO accountability and employee job satisfaction, thereby offering nuanced insights into ethical conduct, NPO financial performance, and external assessments.
Keywords: Financial Disclosure Policies, Job Satisfaction, Arts and Humanities, Non-profit Organizations, Accountability Index.
Effect of the Sarbanes-Oxley Act Policies among Employees and Volunteers
This non-experimental quantitative study investigates the nexus between financial disclosure policies and job satisfaction among employees and volunteers within 331 medium to large NPOs with incomes exceeding USD 250,000 operating in arts and humanities non-profit organizations (NPOs). Based on the agency theory and stakeholders' theory this study examines the correlation between Sarbanes-Oxley Act (SOX Act) policies and their collective impact on job satisfaction and staff retention. The findings reveal no statistically significant correlation between staff retention and the accountability index. Various factors, such as policy implementation duration, additional retention predictors, and the impact of the COVID-19 pandemic, contribute to this lack of association. Future research recommendations advocate for longitudinal designs, expanded surveys encompassing latent variables, and controlling for confounding factors to comprehensively elucidate the relationship between NPO accountability and employee job satisfaction, thereby offering nuanced insights into ethical conduct, NPO financial performance, and external assessments.
Keywords: Financial Disclosure Policies, Job Satisfaction, Arts and Humanities, Non-profit Organizations, Accountability Index.
