This research examines the firm-level conditions of Portuguese listed companies to be engaged in Public Private Partnerships - Service Concessions Arrangements (PPP/SCA). Based on accounting standards and other legislation regarding PPP/SCAs, a set of firm's characteristics was tested in order...

This paper reviews the published literature on the definition and measurement of the administrative and compliance costs of taxation, with special reference to VAT (including evasion and fraud) in the European Union.

This paper examines the determinants of municipal cash holdings and the implications of holding high levels of cash. The first part of the analysis investigates municipal manager incentives to accumulate cash as part of normal operations. Results indicate that municipalities with a higher...

Organisations are becoming increasingly aware of the need for management information systems, due largely to the changing environment and a continuous process of globalisation. All of this means that managers need to adapt the structures of their organisations to the changes and, therefore, to...

As U.S. accounting standard setters increasingly favor a fair value based regime, critics claim that the abandonment of a historical cost based system may produce unintended consequences, such as increased bias and manipulation in financial reports. In this paper, we present exploratory evidence...

The European Union (EU) is constructed under the federalist principle of subsidiarity, which this paper con-siders in the policy field of financial reporting. We attempt to answer the question whether the current governance level of accounting regulation in Europe is balanced between centralised...

This paper provides a framework for evaluating the strengths and weaknesses of public assets owned by: (i) The State, (ii) A State owned corporatized body, (iii) Private investors or (iv) By a network of constituents. A basis is presented for analysing these four governance architectures based...

I examine whether the cost of debt is lower in states that have mandated the adoption of GAAP disclosure, compared to those with unregulated disclosure. I study municipal bond issuers because many states have unregulated disclosure, while others require GAAP, allowing an examination of the value...

Historically, information about tax-exempt organizations has often been hard to obtain. The 1996 tax act requires a tax-exempt organization to provide a copy of its informational Form 990 to anyone who requests it and specifies penalties for noncompliance. Form 990 information on most tax-exempt...

We address two research questions in this study. First, is there a change in the prevalence of expectations management to meet or beat analysts' earnings expectations in the aftermath of the 2001-2002 accounting scandals and the passage of the 2002 Sarbanes-Oxley Act (SOX)? Second, did the mix...