Do Accrual Numbers reallyAffect the Financial Market? An Empirical Analysis of ESA Accounts Across EU
| Autor: | Alessandro Giosi, Sandro Brunelli, Marco Caiffa |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: |
Variables
GFS IPSAS EPSAS financial market sovereign debt Public Administration Financial economics Accrual business.industry media_common.quotation_subject Bond Financial market Public sector Accounting IPSAS Interest rate GFS EPSAS sovereign debt Settore SECS-P/07 - Economia Aziendale Economics financial market media_common.cataloged_instance Business and International Management European union business Research question media_common |
| Popis: | The adoption of a full accrual framework in the public sector is differentiated country by country both for budgeting and for reporting phases. The purpose of this article is to address the following broader research question: How do accrual numbers affect the financial markets? The 10-year average interest rate on sovereign bonds across the European Union is used as a dependent variable. The results of the research show an unclear relation among the variables investigated. Given this evidence, an alignment between micro- and macroaccounting rules could be pursued. We argue the suitability of the Australian experience in this sense. |
| Databáze: | OpenAIRE |
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