HIGHLIGHTS
SUMMARY
Factors that enhance (or constrain) managerial discretion moderate this relationship (e_g, Hambrick, 2007; Wang et_al, 2016). This prior literature focused on for-profit organizations operating in developed economies (e_g, Hambrick, 2007; Neely Jr et_al, 2020). A clear separation exists between donors and recipients of the service, with the former who expect that the funds transferred to the charity are used to benefit other individuals, rather than for their own benefit (e_g, Bielefeld and amp; Cleveland, 2013). Due to the lack of the external monitoring mechanisms, their governance represents a key basis for ensuring that . . .
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