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.
Giosi, A., Brunelli, S., Caiffa, M. (2015). Do Accrual Numbers reallyAffect the Financial Market? An Empirical Analysis of ESA Accounts Across EU. INTERNATIONAL JOURNAL OF PUBLIC ADMINISTRATION, 38(4), 297-310 [10.1080/01900692.2015.999591].
Do Accrual Numbers reallyAffect the Financial Market? An Empirical Analysis of ESA Accounts Across EU
Giosi A.;Brunelli S.
;Caiffa M.
2015-01-01
Abstract
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
