Rapid economic growth of developing countries, due to urbanisation and industrialisation, have led them to resort to Public Private Partnerships (PPPs) to provide infrastructure. Although previous literature has analysed the effect of infrastructure projects from PPPs with respect to...

Purpose This study investigates the transparency of budgets by examining its relationship with financial sustainability, which is a central area of research in the public-sector context. Design/methodology/approach Referring to the public value framework, a large sample of 110 countries has been...

Purpose Literature about transparency in public-sector organizations has been attracting the attention of scholars for the last two decades. This study reviews the existing literature with the intention of creating a description of the state of the art, categorized by geographical areas, levels...

Purpose – The aim of this study is to analyse the level of environmental, economic, and social engagement disclosed by local governments, taking into account factors such as political ideology and media pressure. Design/methodology/approach – The authors analysed 102 large Spanish...

Purpose – The purpose of this paper is to examine the moderating effect of media pressure on external directors in relation to disclosure of information on corporate social responsibility (CSR). Design/methodology/approach – The paper adopts a multilevel approach, integrating the...

Purpose – The purpose of this paper is to analyze empirically the fundamental role that information asymmetry plays in the functioning of an efficient capital market as mediator in the relation between corporate disclosures and cost of capital. Design/methodology/approach – By using a sample...

We address the influence of directors who represent institutional investors in three aspects of board compensation policies: level of compensation, composition, and performance sensitivity. We differentiate pressure-sensitive directors (i.e., with business links) and pressure-resistant directors...