Measuring quality of popular annual financial reports: Features of the rewarded US reporting municipalities
Paolo Esposito and
Corporate Social Responsibility and Environmental Management, 2023, vol. 30, issue 1, 17-27
The advent of New Public Management has brought significant changes in accountability mechanisms. In recent years, the information needs of citizens interested in financial issues and the nonfinancial aspects of public management have increased. Regulators' commitment to transparency has led US municipalities since the 1990s to adopt Popular Annual Financial Reporting (PAFR). This reporting tool, capable of transmitting information to citizens clearly and simply, has also attracted the attention of academics. Despite the presence of several studies on the subject, the quality of the information contained within the popular annual financial reports remains an unexplored topic. This study aims to fill this gap by examining a sample of 100 rewarded US municipalities. The results show a low quality of the popular annual financial reports and demonstrate a positive effect of the population size and a negative impact of the population average age on the quality of these documents.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:30:y:2023:i:1:p:17-27
Access Statistics for this article
More articles in Corporate Social Responsibility and Environmental Management from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().