Do Public Account Financial Statements Matter? Evidence from Japanese Municipalities

Shun-ichiro Bessho and Haruaki Hirota

No CIRJE-F-1172, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: Many governments are introducing business-like accounting systems. This paperexamines the fiscal effects of compiling business-like financial statements on theexpenditures of local governments, exploiting a quasi-experimental environment inJapan. Using the variation in deadlines for compiling new statements given by thecentral government, we found that business-like financial statements might triggerthe local government to reconstruct their expenditures. While the reconstructiondiffers among localities, the social assistance expenses that are not nationally stan-dardized and subsidized decreased in common.

Pages: 58 pages
Date: 2021-07
New Economics Papers: this item is included in nep-acc and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2021/2021cf1172.pdf (application/pdf)

Related works:
Journal Article: Do public account financial statements matter? Evidence from Japanese municipalities (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2021cf1172

Access Statistics for this paper

More papers in CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo Contact information at EDIRC.
Bibliographic data for series maintained by CIRJE administrative office ().