Reform for reform's sake: A never-ending story of governmental accounting change

Josette Caruana,

Business and Economic Horizons (BEH), 2017, vol. 13, issue 5, 676-705

Abstract: This paper applies a qualitative approach to examine the environment surrounding the governmental accounting reform process in Malta using Luder's Financial Management Reform Process Model. The Governmental accounting reform at central level in Malta is a process that has been going on for over 15 years and is still unfinished business. The issue of a tender in 2014 to acquire a new accounting system was a tangible step towards implementation of accrual accounting, however, uncertainties surround the required funds, the underlying new financial legislation and the applicable financial reporting standards. The case of Malta presents an example of a country that is taking advantage of EU politics in order to gain legitimacy. Given the ceremonial and legitimating features of the reform process, institutional theory is introduced in Luder's Model, putting forward an integrated model that distinguishes between the demands and effects of the technical and institutional environments. The combination of institutional and contingency theories provides a more holistic understanding of the accounting reform process.

Keywords: Contingency theory; governmental accounting reform; institutional theory. (search for similar items in EconPapers)
JEL-codes: H83 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:13:y:2017:i:5:p:676-705

DOI: 10.15208/beh.2017.46

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