PUBLIC ENTITIES THROUGH THE LOOKING GLASS: A DISCLOSURE ASSESSMENT STUDY ON ROMANIAN MUNICIPALITIES

Tudor OpriÅŸor and Cristina-Silvia Nistor

Annales Universitatis Apulensis Series Oeconomica, 2016, vol. 2, issue 18, 5

Abstract: ecent trends in organizational reporting show that improved disclosure levels are increasingly important for public sector entities, as they employ publicly available resources in their activity and are accountable towards various impacted stakeholders. Thus, enhancing transparency is a mean to justify the use of and effects on the elements which have a significant role in the economic environment of the entity. This study aims to pinpoint the main elements of disclosure (of different complexity levels) in the case of Romanian municipalities, using public sources of data and determine the overall level of disclosure with a refined assessment model (linked with previously-developed instruments). The added value of this study is the integrated approach of the disclosure assessment process for Romanian local public administration, focusing on both the financial and non-financial sides. The findings show that Romanian municipalities exhibit a level of transparency which is more elevated than expected - with sufficient instruments of disclosure publicly available, and the focus does not fall solely on financial information (although it is prioritized through the lens of accountability for the use of public funding).

Keywords: transparency; accountability; disclosure; municipalities; public sector (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:alu:journl:v:2:y:2016:i:18:p:5

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