关键词: 慈善组织,信息披露,捐赠收入

Abstract: Taking the data of China’s charitable organizations from 2006 to 2012 as the samples, the results of the study show that the charitable organizations with larger size, more complicated organizational structures, higher managerial effectiveness, lower debt-to-asset ratio, longer established time, registered in more advanced regions, belonging to education section or having private placement nature have better quality in their information disclosure. When the information disclosure is decomposed into the three indexes of financial information, performance information, and annual information, the size and complexity of the organizations will have influences on the three kinds of information, while the managerial effectiveness only have influence on financial information and performance information. High quality information disclosure can significantly increase donation income, especially financial information and performance information. These facts indicate that information disclosure has value relevance in resource distribution of charity organizations.

Key words: charitable organizations; information disclosure; donation income