Why Public Financial Management Matters

Kioko, Sharon N.; Marlowe, Justin; Matkin, David S. T.; Moody, Michael J.; Smith, Daniel L.; Zhao, Zhirong Jerry

doi:10.1093/jopart/muq060

Cited by 52 publications

(34 citation statements)

References 44 publications

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“…We also contribute to the public finance literature, as we found that a large debt burden level is not necessarily connected with a strategy of o oading debt. This is an interesting result in the context of a financial crisis, where governments worldwide are forced to cut budgets, restructure service delivery strategies, reset priorities, and assume enormous new financial responsibilities (Kioko et al, 2011).…”

Section: Discussionmentioning

confidence: 99%

Public-private partnerships from budget constraints: Looking for debt hiding?

Buso

Marty

Tra

2017

International Journal of Industrial Organization

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The use of Public-Private Partnerships (PPPs) to realize and operate public infrastructures is often associated with fiscal circumventing motivations. Using data at the municipal level, this paper investigates whether budget-constrained public authorities adopt PPPs in order to hide public debts. The results show that financial di culties often lead to a preference for PPPs instead of traditional forms of public procurement. However, this behavior is not explained by the possibility of debt hiding. We then discuss alternative explanations for these findings.

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Section: Discussionmentioning

confidence: 99%

Public-private partnerships from budget constraints: Looking for debt hiding?

Buso

Marty

Tra

2017

International Journal of Industrial Organization

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“…In this context, reforms of financial accounting and reporting systems have been considered to be a key dimension to improve on management and control of public finances, as well as on public sector accountability (Olson, Guthrie, & Humphrey, 1998;Kioko et al, 2011). National governments and supranational organizations do collect and spend huge amounts of financial resources through organizational processes that are accounted for under some specific accounting regulation.…”

Section: Introductionmentioning

confidence: 99%

Accounting Rules for the European Communities: A Theoretical Analysis

Biondi

Soverchia

2014

Accounting, Economics and Law

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In the last decade, the European Union (EU) has reformed its accounting system, issuing its own conceptual framework and 18 accounting standards that draw upon the International Public Sector Accounting Standards (IPSAS) issued by the IPSAS Board. The aim of this article is to analyse this renewed EU accounting system that frames and shapes financial accounting and reporting of the European Communities (EC), in order to assess its capacity to "truly and fairly" represent EC economic activity as a non-business entity.The EU accounting rules are analysed from a theoretical perspective that disentangles three different accrual-based accounting representations focusing respectively on wealth (static accounting), cash flow and economic flow (dynamic accounting). Our analysis retains a modified dynamic accounting representation that fits the specific economy of public administration. This modified dynamic accounting representation is then applied to assess the representational quality of the EU accounting system. This legal-economic, normative analysis of consistency with our theoretical model is complemented and somehow corroborated by documental analysis, financial analysis and few semistructured interviews with EU officials.Generally speaking, our analysis shows that the EU accounting system provides a consistent representation of the EC economic and financial activities, although the reference to the IPSAS has somewhat involved the application of a balance sheet accounting approach that is inconsistent with this representation. In particular, the new EU accounting system has improved on some objectives of financial accounting and reporting, such as: the economic function of redistribution related to the economic solidarity between its constituencies (Member States); the prevention of frauds concerned with transfers and financial operations; the accomplishment of intergenerational

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“…Enhancing the awareness and responsiveness of political and administrative leaders to public financial management issues, and making these issues more transparent, can in turn improve government accountability. Research on public financial management provides profound and illuminating insights on management of public organizations, adapting them to changing environment and role of administrative expertise in democratic institutions (Kioko et al, 2011).…”

Section: Literature On Reform Of Public Sector Managementmentioning

confidence: 99%

“…Despite the critical and increasing importance of financial resources and PFM in the workings of any state these days, academic research on this subject is thin (Kioko et al 2011). Apart from some notable work (Hou, 2006;Hou and Moynihan, 2008;Krause and Douglas, 2005;Thompson and Gates, 2007), research on PFM's traditional subjects are found only rarely in the fields of public policy or public administration and management (PAM).…”

Section: Role Of International Organizations In Strengthening Pfm Sysmentioning

confidence: 99%

“…PAM can be essentially enriched by studies in PFM field as "PFM offers analytical tools, measurement strategies, observable management practices, conceptual frameworks, and other tools of substantial value to future Public Administration and Management research" (Kioko et al 2001: 120). In addition, traditional PFM topics can benefit from the concepts and theoretical framework of public administration and management, namely administrative expertise in democratic institutions, management of public organizations to accomplish the best results and adaptation of public organizations to their changing environment (Kioko et al, 2011). This chapter fills the gap in the academic literature, to a certain extent, by utilizing PFM analytical tools and conceptual frameworks, including PFM standardized and non-standardized analytical assessment to inform public policy, public administration and management's classic and contemporary issues.…”

Section: Role Of International Organizations In Strengthening Pfm Sysmentioning

Why Public Financial Management Matters

Cited by 52 publications

References 44 publications

Public-private partnerships from budget constraints: Looking for debt hiding?

Public-private partnerships from budget constraints: Looking for debt hiding?

Accounting Rules for the European Communities: A Theoretical Analysis

Tax Policy and Public Financial Management Architecture in Transitional States

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