Financial Management Theory in the Public Sector

Első borító
Aman Khan, W. Bartley Hildreth
Greenwood Publishing Group, 2004 - 270 oldal

To have a clear picture of developments in public financial management, a multidimensional perspective of the field is needed, since governments--unlike for-profit organizations-- serve multiple and often conflicting interests. This book provides this dynamic approach by integrating insights from economics, business, and political science.

Written by some of the leading scholars in the field, this collection presents eleven chapters that run the gamut of public financial management issues. Topics include: Transaction costs in contractual relationships; Uncertain conditions and probability assessment in the bond market; Rational choice and the institutional framework in public investment decision; E-Government financial management models; Budget balance as the building block of public financial strategy. Together the contributors present a robust framework for understanding and analyzing financial decision making in the public sector.

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Tartalomjegyzék

Managing Financial Transactions Efficiently A Transaction Cost Model of Public Financial Management
1
Information Asymmetry in Public Investment Management
25
Bridging the Gap Between Contract Service Delivery and Public Financial Management Applying Theory to Practice
55
Prospect Theory and the Municipal Bond Market
71
Practice as Interpretation in Public Financial Management
89
Should Financial Reporting by Government Encompass Performance Reporting? Origins and Implications of the GFOAGASB Conflict
115
Assessing the Likely Acceptance of Financial Management Techniques in the Public Sector A Characteristic Approach
141
Fiscal Decentralization Theory as Reform
165
Managing Structural Imbalances Implications for Fiscal Decision Making and Policy
187
EGovernment Financial Management Models
207
Integrating Theory and Practice Financial Management Reform in the US Federal Government
223
Selected Bibliography
257
Index
263
About the Editors and Contributors
267
Copyright

Gyakori szavak és kifejezések

Népszerű szakaszok

122. oldal - STANDARDIZATION OF TERMINOLOGY, DEFINITIONS. CLASSIFICATIONS, AND CODES FOR FISCAL, BUDGETARY. AND PROGRAM-RELATED DATA AND INFORMATION Sec. 202. (a) (1) The Comptroller General of the United States, in cooperation with the Secretary of the Treasury, the Director of the Office of Management and Budget, and the Director of the Congressional Budget Office, shall develop, establish, maintain, and publish standard terminology, definitions, classifications, and codes for Federal fiscal, budgetary, and...
165. oldal - The federal system was created with the intention of combining the different advantages which result from the magnitude and the littleness of nations; and a glance at the United States of America discovers the advantages which they have derived from its adoption.
250. oldal - Armey noted: This tool gives Congress the ability to identify what's working, what's not, what's wasted, what's duplicative, and to end wasteful and unnecessary spending. These laws are not ends in themselves; rather they are a means to obtain systematic, credible information about the operations of the Federal government, while holding government accountable to the taxpayers. The core tenet of the Results Act is '. . .you get what you measure...
229. oldal - October 1990, the Secretary of the Treasury, the Director of OMB, and the Comptroller General established FASAB to develop a set of generally accepted accounting standards for the federal government.
117. oldal - Government Accounting Standards Board (The mission of the Governmental Accounting Standards Board is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial répons and guide and educate the public, including issuers, auditors, and users of those financial reports).
51. oldal - Rules are shared understandings among those involved that refer to enforced prescriptions about what actions (or states of the world) are required prohibited, or permitted All rules are the result of implicit or explicit efforts to achieve order and predictability among humans by creating classes of persons (positions) who are then required, permitted, or forbidden to take classes of actions in relation to required, permitted, or forbidden states of the world (Crawford and E.
245. oldal - Our work In over 40 program areas across the government has repeatedly shown that mission fragmentation and program overlap are widespread, and that crosscutting federal program efforts are not well-coordinated.
94. oldal - There are portions of the real world, objective facts in the world, that are only facts by human agreement. In a sense there are things that exist only because we believe them to exist. I am thinking of things like money, property, governments, and marriages. Yet many facts regarding these things are 'objective' facts in the sense that they are not a matter of your or my preferences, evaluations, or moral attitudes.

A szerzőről (2004)

Aman Khan is Associate Professor of Political Science and Public Administration, Texas Tech, Lubbock. He is author, coauthor, editor, or coeditor of numerous professional publications, he serves on the editorial boards of the The Journal of Public Administration and Management and the Journal of Public Budgeting, Accounting, and Financial Management.

W. Bartley Hildreth is Regents Distinguished Professor of Public Finance at the Hugo Wall School of Urban and Public Affairs and the W. Frank Barton School of Business and Director of the Kansas Public Finance Center, Wichita State. He is a book review editor for the International Journal of Public Administration and editor or coeditor of many professional publications including the Handbook on Taxation, Handbook of Public Personnel Administration, and the Handbook of Strategic Management.

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