Public-Sector Accounting Reforms and Governmental Efficiency: A Two-Stage Approach

Beatriz Cuadrado-Ballesteros, Marco Bisogno and Giovanni Vaia
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Beatriz Cuadrado-Ballesteros: Department of Management and Business Economics & Multidisciplinary Institute for Enterprise, University of Salamanca, Spain
Giovanni Vaia: Department of Management, University of Venice “Ca’ Foscari,†Italy

The International Journal of Accounting (TIJA), 2022, vol. 57, issue 04, 1-31

Abstract: SynopsisThe research problemWe investigated the association between public-sector accounting reforms and efficiency at a central-government level, assessing efficiency through a global perspective.MotivationThe effects of financial management reforms on efficiency have rarely been investigated. We contribute to the academic debate concerning both public-sector accounting reforms (implementation of international accounting standards and accrual-accounting systems) and governmental efficiency, merging two streams of literature that have not been investigated thoroughly.The test hypothesesH1: Countries that have implemented IPSAS are more efficient.H2: Countries that have implemented accrual-accounting systems are more efficient.Target populationWe used a sample of 22 European countries in the period 2010–2018.Adopted methodologyWe adopted a two-step approach: first, we created several efficiency indicators using different techniques; second, we implemented a model to test our hypotheses.AnalysesData Envelopment Analysis (DEA) technique, DEA with application of the bootstrap technique, and Order-m modelFindingsAccrual accounting was positively associated with efficiency while findings did not totally support an association with IPSAS.

Keywords: Public-sector accounting; IPSAS; accrual-basis; efficiency; governmental performance (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S1094406022500172

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