Accrual accounting in the public sector aims to enhance fiscal transparency, decision-making, comparability, and cost-effectiveness. The Italian reform of public sector accounting in 2011 provides an excellent quasi-natural experiment for studying the effect of accrual accounting on public financial management. Our results indicate that accrual accounting has a disciplining effect on local public spending, strengthening fiscal positions. Importantly, we demonstrate that the effect varies across municipalities: It is stronger during non-electoral periods and for high-quality institutions.
Caiazza, S., Fiordelisi, F., De Simone, E., Pisani, F. (2025). Does accrual accounting make municipalities spend less?. PUBLIC CHOICE [10.1007/s11127-025-01320-2].
Does accrual accounting make municipalities spend less?
Stefano Caiazza
;Fabio Pisani
2025-01-01
Abstract
Accrual accounting in the public sector aims to enhance fiscal transparency, decision-making, comparability, and cost-effectiveness. The Italian reform of public sector accounting in 2011 provides an excellent quasi-natural experiment for studying the effect of accrual accounting on public financial management. Our results indicate that accrual accounting has a disciplining effect on local public spending, strengthening fiscal positions. Importantly, we demonstrate that the effect varies across municipalities: It is stronger during non-electoral periods and for high-quality institutions.| File | Dimensione | Formato | |
|---|---|---|---|
|
2025_Caiazza_Fiordelisi_DeSimone_Pisani_PC.pdf
accesso aperto
Licenza:
Non specificato
Dimensione
1.25 MB
Formato
Adobe PDF
|
1.25 MB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
