Public finance accounting Books

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Book SynopsisRowan Jones is a professor of Public Sector Accounting at the University of Birmingham   Maurice Pendlebury is a professor of Accounting at Cardiff Business School Cardiff University. Table of ContentsContents Preface 1 The nature of the public sector The nature of government Governance and public management Public finance Public money Accountants and the public sector Further reading 2 Performance measurement Non-financial performance measurement Challenges of performance measurement Further reading 3 Fundamentals of accounting Elements of accounting Bases of accounting National accounting and government budgeting Further reading 4 Budgetary policies and processes The rational control cycle Fiscal years Budgeting for inputs, outputs and outcomes Budgetary processes Further reading 5 Form and contents of budgets Organizational structures and programmed structures Capital budgets Line-item, incremental budgets Output measurement and outcomes Zero-base reviews Further reading 6 Budgetary control Central financial control Devolved forms of financial control Budget reporting Further reading 7 Costing Organizational units, programmes and products Pricing and reimbursement Incremental changes in output Outsourcing Further reading 8 Financial reporting Form and content of published financial reports Accrual accounting special topics Policy-making Conceptual frameworks &

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Book SynopsisNow in its fourth edition, Finance: The Basics is a clear and practical introduction to the world of finance. It thoroughly explains essential financial statements, tools, and concepts; fundamental financial instruments and transactions; and global financial participants, markets, and systems. This fully revised edition captures the most important aspects of a changing financial landscape, including: A new chapter dedicated to the emerging world of digital currencies, with a review of digital finance and a detailed discussion of regulated and unregulated digital currencies (including cryptocurrencies) New sections dealing with a range of social issues that directly impact on finance, including sustainability; environmental, social, and governance (ESG) and socially responsible investing (SRI) imperatives; microfinance; and impact investing Twelve updated real-world case studies ('Finance in Action' studies) and nine new case studies focuseTable of ContentsPART 1: Concepts and tools 1. The world of finance 2. The financial statements 3. Financial concepts and tools PART 2: Instruments and marketplaces 4. Common and preferred stock 5. Loans and bonds 6. Investment funds 7. Derivatives and insurance 8. Corporate finance 9. Digital Currencies 10. Financial Participations 11. The Global Financial Markets

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Book SynopsisThis Element assesses the effectiveness of vertical accountability through elections and how interinstitutional accountability operates in checks-and-balances systems, along with the growing role of the courts. This title is also available as Open Access on Cambridge Core.Table of Contents1. Introduction: an interactionist view of accountability; 2. The crucial role of competitive elections in democratic accountability; 3. Deparliamentarization, horizontal accountability and judicialization; 4. Governance transformations and the policy role of the bureaucracy; 5. Managing accountability in monitory democracy; 6. Perceptions matter: overloads and felt accountability; 7. Conclusion: core messages; 8. Reference.

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Book SynopsisAimed at undergraduates studying public sector economics, this text covers a comprehensive range of topics and provides a comparative perspective using data and policy ideas from a wide number of European countries.Table of Contents Introduction Economic Rationales for the State Equity and Efficiency Public Goods Externalities Asymmetric Information Benefit Analysis Public Choice Government Failure Taxation Tax Incidence and Efficiency Intertemporal Issues Taxes on Labour Social Insurance and the Welfare State Income Inequality Poverty Social Policy Pensions and Ageing Healthcare Education and Training Privatisation and Social Ownership Regulation and Competition Policy The Environment Federal Issues and the European Union

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Book SynopsisIntended as a successor to Monetary Policy and Credit Control (Croom Helm, 1978; Routledge Revivals, 2013), this book, first published in 1982 with a revised edition in 1984, traces the changes in approach to monetary control in the U.K. throughout the 1970s, and the consequences for policy and the British economy. The book considers the widely-publicised proposals for reserve base' or monetary base' control of the financial system, including a critique of the 1980 Bank of England Green Paper. David Gowland concludes with an analysis of the 1979 Conservative Government's monetary policy. This is a very interesting title, of great relevance to students and academics researching recent British economic history and varying governmental approaches to monetary policy.Trade Review'David Gowland, guru and myth-dispeller on monetary economics, has become "the authority" to many teachers concerning has monetary policy works ... The exposition is enviably lucid ...' - The Times Educational Supplement'This blend of historical survey and economic analysis provides an excellent and ... readable guide to events and arguments for and against the policies successively adopted' - Public MoneyTable of ContentsPreface; 1. Introduction 2. Techniques of Monetary Control 3. Techniques of Monetary Control II: Portfolio Constraints and the Reserve Base System 4. Techniques of Control III 5. The New Approach 6. The History of Competition and Credit Control 7. Competition and Credit Control: An Analysis 8. The New ‘New Approach’ 9. The Labour Government’s Monetary Policy 10. Plus Ça Change?; Bibliography; Index

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Book SynopsisPublic debt in developing economies has increased dramatically over the last 20 years, with debt repayment obligations putting the livelihoods of millions of individuals at risk and threatening to stall progress toward lowering poverty rates and achieving long- term development objectives across many countries, especially in sub-Saharan Africa. Debt fragility is a systemic issue that affects many countries spanning different continents, regardless of the idiosyncratic nature of each countryâs system of government and drivers of growth. Kenya is one of these fragile economies, currently classified as an economy at high risk of default.This book gives a historical economic account of public debt in Kenya, dating back to the late 1800s. It describes the key episodes and events that resulted in the accumulation of debt and gives an intuitive understanding of the economic dynamics of debt during the precolonial, colonial, and postcolonial periods in Kenyaâs history. Existing studies on Kenyaâs public debt are either not comprehensive, choosing to focus on a narrow period, or are technical empirical analyses, rendering them inaccessible to a large audience. By describing the dynamics of public debt in Kenya, the book increases familiarity with a topic that has important implications for Kenya, and which has occupied a central stage in Kenyaâs policy debates in the recent past.History shows that contagion from economic crises is not unique and isolated to individual nations, thus the book is relevant not only for policy debates in Kenya, but also for other low- income and emerging economies within sub- Saharan Africa.Aaron Thegeya is an economist who obtained his Ph.D. in economics from the University of Oxford as a Rhodes Scholar. He was Senior Economic Advisor to the Deputy Chief of Staff, Executive Office of the President of Kenya, and has worked as an economist at the International Monetary Fund and the World Bank.

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Book SynopsisThrough careful classification of the opportunities and challenges facing current financial regulatory bodies, the Research Handbook on Financial Accounting inspects the financial implications of our ever-changing modern economic and environmental climate. This Research Handbook covers a broad selection of topics ranging from globalization to sustainable accounting, providing highly relevant contemporary insights into important subject areas such as ESG reporting and crypto-assets accounting. Offering detailed illustrations of the benefits and costs of adopting international accounting standards, it explores significant current issues within the field of financial accounting, painting a fully up-to-date picture of the most recent accountancy trends. It details the intricacies of company and stakeholder interactions, and presents a growing need for changing accounting standards as businesses expand internationally. Academics of such disciplines as finance, accountancy, economics, and business administration will find this book to be of huge benefit. Due to its professional applicability, this Research Handbook will additionally be ideal for those working in the fields of accountancy, auditing, and financial analysis.Trade Review‘The business world is fast changing but accounting is perennially slow to catch up, always lagging seriously behind developments. This collection of important articles on key issues, such as accounting manipulations, intangibles, nonfinancial information, and corporate governance goes a long way in closing the gap between business reality and accounting. It is an important resource for CFOs, accountants, investors, and business students.’ -- Baruch I. Lev, Philip Bardes Professor Emeritus of Accounting and Finance, NYU, USTable of ContentsContents: Introduction to the Research Handbook on Financial Accounting 1 Luz Parrondo and Oriol Amat PART I GLOBALIZATION AND ACCOUNTING CONVERGENCE 1 The benefits and detriments of global accounting convergence 5 Madeline Trimble and Xiaoxiao Song PART II EARNINGS MANAGEMENT, ACCRUAL MANIPULATION, FRAUD, AND SOCIAL RESPONSIBILITY 2 Corporate Social Responsibility reporting and accounting 25 Seraina C. Anagnostopoulou 3 The impact of earnings management and the economic cycle on stress test results 45 Gregorio Labatut-Serer, Elisabeth Bustos-Contell and Salvador Climent-Serrano 4 Non-GAAP financial reporting: an ethical analysis 62 Steven M. Mintz, William F. Miller and Tara J. Shawver 5 Comprehensive red flag model for accounting fraud detection using qualitative and quantitative variables 87 Pilar Lloret Millán, Núria Arimany Serrat and Oriol Amat PART III SUSTAINABLE ACCOUNTING 6 Financial accounting and the natural environment: the case of climate change 105 Elena Carrión, Carlos Larrinaga and Antonio Mateo 7 Sustainability reporting regulation: current situation and future developments 120 Soledad Moya 8 EFRAG roadmap for new developments in ERS reporting 137 Luz Parrondo 9 Materiality in sustainability and integrated reporting contexts: an application of logics 155 Dannielle Cerbone and Warren Maroun PART IV FAIR VALUE AND INTANGIBLES IN ACCOUNTING 10 Outlining commitment and resistance to dominant accounting paradigms 170 Wayne van Zijl and Warren Maroun 11 Value-relevance of intangibles – a structured literature review 183 Olga Grzybek and Elena-Mirela Nichita PART V NEW TRENDS IN FINANCIAL ACCOUNTING 12 The use of non-financial information in financial reporting 212 Jordi Martí Pidelaserra 13 The role of the public interest in shaping corporate reporting: challenges for accounting research 231 Begoña Giner and Araceli Mora 14 The importance of corporate governance information and disclosure for investors 249 Raffaele Manini 15 Typology and classification of crypto-assets based on the MiCA regulatory framework: contributions and limitations 262 Luz Parrondo Index

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a huge range and FREE tracked UK delivery on ALL orders.

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a huge range and FREE tracked UK delivery on ALL orders.

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a huge range and FREE tracked UK delivery on ALL orders.

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisThe Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world''s first collected descriptions of what builds nations'' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labour, productivity, and free markets.The Wealth of Nations is considered to be the most important substantive proposition in all of economics and a foundation of resource-allocation theory. It is that, under competition, owners of resources (labour, land, and capital) will use them most profitably, resulting in an equal rate of return in equilibrium for all uses. With more than 36,000 scholarly citations, Smith''s work is the second most cited book in the social sciences published before 1950, behind Karl Marx''s Das Kapital.

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Book SynopsisThe Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world''s first collected descriptions of what builds nations'' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labour, productivity, and free markets.The Wealth of Nations is considered to be the most important substantive proposition in all of economics and a foundation of resource-allocation theory. It is that, under competition, owners of resources (labour, land, and capital) will use them most profitably, resulting in an equal rate of return in equilibrium for all uses. With more than 36,000 scholarly citations, Smith''s work is the second most cited book in the social sciences published before 1950, behind Karl Marx''s Das Kapital.This case laminate collector''s edition includes a Victorian inspired dust-jacket.

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Book SynopsisFrom small law offices to federal agencies, all entities within the justice system are governed by complicated economic factors and face daily financial decision-making. A complement to Strategic Finance for Criminal Justice Organizations, this volume considers the justice system from a variety of economic and financial perspectives and introduces quantitative methods designed to improve the efficiency and effectiveness of organizations in both the non-profit and for-profit sectors. Using only a minimum of theory, Economic and Financial Analysis for Criminal Justice Organizations demonstrates how to make decisions in the justice system using multiple financial and economic models. Designed for readers with little knowledge of advanced mathematics, quantitative analysis, or spreadsheets, the book presents examples using straightforward, step-by-step processes with Excel and Linux Calc spreadsheet software.A variety of different typeTable of ContentsShow Me Your License: Introductory Concepts. Innocent or Guilty? Perspectives of Decisions. A 25-to-Life Sentence: Strategic Economic and Financial Decisions. The Restitution Order: Capitalization and Executive Responsibility. How Do We Slice the Pie? Foundations of Economics. Tools of the Trade: Foundations of Financial Decisions. Following the Money: Capital Budgeting. Pay Me Now or Pay Me Later? The Minimum Attractive Rate of Return. Lucky Number 7: Concepts of Probability and Mathematical Reasoning. The Odds Are Against Us: Probability Distributions and Mathematical Reasoning. Is This the Line? Queuing Theory. Risky Business: Sensitivity and Scenario Analyses. Not 007, But … Bond Analysis. Buy Low or Sell High? Stock Analysis. How Do We Measure Up? Ratio Analysis. Buyer Beware: Leasing versus Purchasing. Is It Worth Your Time? Cost–Benefit and Break-Even Analyses. The Crystal Ball: Predictive Analysis. How Do We Relate? With Correlation! Show Me the Money: Benefits Analysis. The Shift Briefing: Multiple Perspectives. Appendix A: Additional Techniques of Analysis—Modified Internal Rate of Return.Appendix B: Tickets versus Warnings—Options Analysis.Appendix C: Modified Accelerated Cost Recovery System (MACRS) Tables. Appendix D: Analytical Tree Constructs. Appendix E: Bayes Theorem. Appendix F: Hypothesis Testing. Index.

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Book SynopsisExamines the ways in which parliamentary committees can enhance democratic governance.

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Book SynopsisThis reprinted edition of a classic and truly seminal book, written by one of the leading thinkers in the field, represents the first comprehensive treatment of the economic theory of multi-level government. The primary interest in the book will come from scholars and graduate students interested in multi-level public finance and public economics.Trade Review’This book is a reprint of a text that first appeared in 1972, the subjects it addresses are of the utmost importance, considering the events taking place at present. It revives the discussion of government intervention in the economy, pursuing the objectives of full employment, equitable income distribution and efficient resource allocation. Following the revolutionary idea of effective demand theory put forward by Keynes and Kalecki, who were against the 'classical' proposition that free market forces can achieve the best possible and most efficient level of economic activity, Oates argues that capitalist economies based on private ownership has no rewards for using all the existing available economic resources in society, in particular the labour force. Of equal importance, Oates argues that competitive economic systems are unable to reach the most desirable level of income distribution. Furthermore, Oates claims that oligopolistic markets that (according to Kalecki) are the natural structures of capitalist economies are unable to reach satisfactory solutions of productive resources, employment or a desirable distribution of income. Therefore this book, from a deep liberal perspective, acknowledges that markets on their own are inefficient; centralized structures are therefore required to modify decisions based on private interests. There is no doubt the topics covered in this book continue to be central themes under the political, economic and social conditions of the twenty-first century, especially important in the light of the present situation of low wages, massive unemployment and the economic recession, which began in 2008.’ -- Noemi Levy-Orlik, Review of Keynesian EconomicsTable of ContentsContents: Preface Introduction 1. An Economic Approach to Federalism 2. The Division of Functions Among Levels of Government 3. The Theory and Use of Intergovernmental Grants 4. Taxation and Debt Finance in a Federal System 5. An Empirical Study of Federal Finance 6. The Dynamics of Federalism Index

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Book SynopsisThe first of a three-volume series on the interaction of the US and China in different regions of the world, China, the United States, and the Future of Central Asia explores the delicate balance of competing foreign interests in this resource-rich and politically tumultuous region. Editor David Denoon and his internationally renowned set of contributors assess the different objectives and strategies the U.S. and China deploy in the region and examine how the two world powers are indirectly competitive with one another for influence in Central Asia. While the US is focused on maintaining and supporting its military forces in neighboring states, China has its sights on procuring natural resources for its fast-growing economy and preventing the expansion of fundamentalist Islam inside its borders. This book covers important issues such as the creation of international gas pipelines, the challenges of building crucial transcontinental roadways that must pass through countries facing insurTrade ReviewIn a time of increasing geopolitical uncertainty and intensifying Sino-US interactions in so-called & third areas, this timely collection of high quality essays breaks from outmoded ways of academic and policy thinking to identify a host of emerging governance, security and economic challenges that Central Asia poses for both Washington and Beijing. This volume offers valuable lessons about each of these external power's & tools of influence, their co-existence in practice, and the extent to which they can actually shape regional developments according to their respective strategic priorities. -- Alexander Cooley,author of Great Games, Local Rules: The New Great Power Contest in Central AsiaUntil the collapse of the USSR, China's western border was seen as the Beijing's & back door. This collection documents its emergence as a new front door, and analyzes its implications for US-China relations. Readers of this well-crafted volume will inadvertently be led to ask whether, and how, Central Asian countries can take charge of their own security, or at least shape it. -- S. Frederick Starr,author of Lost Enlightenment: Central Asia's Golden Age from the Arab Conquest to TamerlaneTable of ContentsIntroduction 1. Alternative Views of Central Asia's Future 3 David B. H. Denoon 2. Walls and Windmills: Economic Development in Central Asia 20 Nazgul Jenish 3. Factoring the Foreign Policy Goals of the Central Asian States 75 Marlene Laruelle The Outside Powers 4. Both Epicenter and Periphery: U.S. Interests in Central Asia 101 Andrew Kuchins and Shalini Sharan 5. Chinese and Russian Economic Interests in Central Asia: Comparative Analysis 130 Li Xin and Xin Daleng 6. The Strategic Interests of China and Russia in Central Asia 154 Xing Guangcheng 7. Life after Divorce: Russia, Central Asia, and Two Decades of Tumultuous Relations 173 Alisher Khamidov 8. Europe in Central Asia: Political Idealism and Economic Pragmatism 209 Sebastien Peyrouse 9. Japan and Korea in Central Asia: Economic Observations 237 Edward J. Lincoln

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Book SynopsisThe first of a three-volume series on the interaction of the US and China in different regions of the world, China, the United States, and the Future of Central Asia explores the delicate balance of competing foreign interests in this resource-rich and politically tumultuous region. Editor David Denoon and his internationally renowned set of contributors assess the different objectives and strategies the U.S. and China deploy in the region and examine how the two world powers are indirectly competitive with one another for influence in Central Asia. While the US is focused on maintaining and supporting its military forces in neighboring states, China has its sights on procuring natural resources for its fast-growing economy and preventing the expansion of fundamentalist Islam inside its borders. This book covers important issues such as the creation of international gas pipelines, the challenges of building crucial transcontinental roadways that must pass through countries facing insurTrade ReviewIn a time of increasing geopolitical uncertainty and intensifying Sino-US interactions in so-called & third areas, this timely collection of high quality essays breaks from outmoded ways of academic and policy thinking to identify a host of emerging governance, security and economic challenges that Central Asia poses for both Washington and Beijing. This volume offers valuable lessons about each of these external power's & tools of influence, their co-existence in practice, and the extent to which they can actually shape regional developments according to their respective strategic priorities. -- Alexander Cooley,author of Great Games, Local Rules: The New Great Power Contest in Central AsiaUntil the collapse of the USSR, China's western border was seen as the Beijing's & back door. This collection documents its emergence as a new front door, and analyzes its implications for US-China relations. Readers of this well-crafted volume will inadvertently be led to ask whether, and how, Central Asian countries can take charge of their own security, or at least shape it. -- S. Frederick Starr,author of Lost Enlightenment: Central Asia's Golden Age from the Arab Conquest to TamerlaneTable of ContentsIntroduction 1. Alternative Views of Central Asia's Future 3 David B. H. Denoon 2. Walls and Windmills: Economic Development in Central Asia 20 Nazgul Jenish 3. Factoring the Foreign Policy Goals of the Central Asian States 75 Marlene Laruelle The Outside Powers 4. Both Epicenter and Periphery: U.S. Interests in Central Asia 101 Andrew Kuchins and Shalini Sharan 5. Chinese and Russian Economic Interests in Central Asia: Comparative Analysis 130 Li Xin and Xin Daleng 6. The Strategic Interests of China and Russia in Central Asia 154 Xing Guangcheng 7. Life after Divorce: Russia, Central Asia, and Two Decades of Tumultuous Relations 173 Alisher Khamidov 8. Europe in Central Asia: Political Idealism and Economic Pragmatism 209 Sebastien Peyrouse 9. Japan and Korea in Central Asia: Economic Observations 237 Edward J. Lincoln

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Book SynopsisPublic private partnerships (PPPs) have been a controversial approach to procuring public infrastructure services. Against a background of recent trenchant criticism of PPPs, Mervyn K. Lewis, a leading scholar in the area, re-examines their utility. He questions what PPPs can and cannot do, why governments choose this route and whether PPPs can ever be good value for money.The author analyses the extensive use of PPPs for hospitals and transport megaprojects and outlines the key challenges to implementing them, shaping the future direction of the PPP model. Exploring the psychological influences on decision-making, the book also puts a new focus on the people delivering the project; it is not only a matter of selecting the right model. Professor Lewis concludes that, although the PPP model remains problematic, if chosen appropriately every procurement approach has its place in good policy.Providing an in-depth exploration of the features of PPPs and the complexities of megaprojects, Rethinking Public Private Partnerships will be of considerable interest to academics and students of public policy, economic regulation and governance, and public finance. Its re-assessment of the field will also prove invaluable for government procurers, advisory firms and PPP experts.Trade Review‘Rethinking Public Private Partnerships by Mervyn Lewis is an invaluable addition to the literature on the procurement of public infrastructure assets and services. It evaluates the conflicting claims in both the academic and professional literature about the relative value-for-money (VfM) to the public of bundled procurement of the financing, design, construction and operation of infrastructure assets through PPPs vs. traditional, unbundled delivery of projects through public finance and a chain of private contractors and subcontractors managed by a public agency. The book is engaging, clearly written, jargon-free, scrupulously balanced, and nuanced in its conclusions about the circumstances under which each approach delivers higher lifecycle VfM to the public. It is a ''must-read'' for academics, private infrastructure providers and public agencies contemplating the use of PPPs.' -- Raymond Levitt, Stanford University, USTable of ContentsContents: Preface 1. Setting the scene 2. How did the idea of PPPs arise? 3. Exploring what PPPs can and cannot do 4. Can PPPs ever be good value? 5. Why choose a PPP? 6. PPPs and megaprojects 7. Where to now for PPPs? 8. Conclusions References Index

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Book SynopsisThe ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nation’s essential physical infrastructure.Using the latest financial research, the authors use data-driven analysis to inform current public policy debates regarding the future of subnational government debt finance. The theories, research and practical examples in the book illustrate the policies and practices that helped governments navigate through the COVID-19 pandemic, the Financial Crisis and Great Recession, and that contributed to government shipwrecks. The book is designed to help officials make good, sound fiscal choices in a fast changing, complex financial world entwined in a network of intermediaries, and within the constraints imposed by fiscal rules and institutions.This updated edition will be of interest to academics, students and researchers interested in economics, finance, international studies and public administration and policy. It is also an excellent reference tool for government officials, public policymakers and professionals working in finance.Trade Review'Three of the sharpest analysts of municipal financing update their cutting-edge book that helps to demystify the complexities of the financial markets and instruments employed to achieve public purposes. This edition adds insights from recent changes in laws, markets, and scholarly research up to and including the COVID-19 pandemic. This book is for professionals engaged in the practice of municipal securities as well as students and researchers devoted to learning market practice.' -- W. Bartley Hildreth, Georgia State University, USTable of ContentsContents: 1. Introduction to State and Local Financial Instruments PART I WHAT MAKES THE “MUNI” MARKET DIFFERENT? 2. The tax-exemption of municipal debt 3. States as fiscal “sovereigns”: implications for ability and willingness to pay in full and on time 4. The federalist framework: fiscal sovereignty, federal regulation, and disclosure PART II CREATING DEBT INSTRUMENTS FOR THE MUNICIPAL MARKET 5. Subnational government debt financial management I: Financing principles and policies 6. Subnational government debt financial management II: bringing an issue to market: networks and practices 7. The serial debt issue structure 8. Secondary market disclosure PART III FINANCIAL STRUCTURE AND THE RISK/REWARD TRADE-OFF 9. Financial engineering 10. Reducing debt service by refunding debt 11. Lessons learned from the birth, growth, and collapse of the municipal auction rate securities (MARS) market 12. Enhancing municipal credit 13. “Non-traditional” capital financing mechanisms and strategies 14. Conclusion to State and Local Financial Instruments Appendix A Review of time value of money Appendix B Basic principles of valuing debt instruments References Index

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Book SynopsisThis timely Research Handbook explores the handling of city and municipal finances in the 21st century. It examines the impact of the Great Recession and COVID-19 pandemic on cities and municipalities, highlighting strengths, weaknesses, and avenues for future progress in city and municipal financial management.Bringing together leading global scholars of public finance and budgeting, economics, law, political science and policy analysis, this Research Handbook scrutinises how cities and municipalities have adapted after crisis periods. It combines theoretical ideas, empirical findings and practical applications, focusing on federalist systems as well as including global case studies from diverse governance contexts. Contributors analyse sources of revenue for cities and municipalities, critical areas of spending, fiscal structure, budgeting, debt, pensions and financial resilience. Forward thinking, it considers the strength and resilience of city and municipal finances in meeting long-term liabilities and responding to short-term crises.This Research Handbook will be an invaluable resource for students and scholars of public finance and administration, urban economics, and political economy. Providing cutting-edge policy recommendations, it will also be a highly useful guide for policy-makers and administrators seeking to effectively guide city and municipal finances.Trade Review‘This book is a very engaging and informative compilation of research in municipal finance topics. It will serve as a good reference for young scholars just embarking on a research career, as well as more experienced researchers and practitioners looking for summaries of the more important research on a topic. I especially enjoyed the inclusion of relatively new areas of research such as the effects of COVID-19 on fiscal health, the role of cybersecurity in financial risk, and the role of public health spending. I thoroughly enjoyed reading the book and will use it as a reference for years to come.’ -- Kenneth A. Kriz, University of Illinois Springfield, USTable of ContentsContents: Introduction to the Research Handbook on City and Municipal Finance 1 Craig L. Johnson, Temirlan T. Moldogaziev, and Justin M. Ross PART I RAISING REVENUES AND SPENDING FUNDS 1 Municipal revenues: data dilemmas, structures, and trends 8 Justin M. Ross and Lanjun Peng 2 Property taxes and municipal finance 24 Joan Youngman 3 Local option taxes 42 Whitney Afonso 4 The growing role of nontax revenue sources in American cities 64 Min Su 5 Municipalities in the intergovernmental revenue system: the federal government’s stabilization function? 88 Amanda Kass, Christiana McFarland, Farhad Omeyr, and Michael A. Pagano 6 The role of cities and public health expenditures in the COVID-19 era 105 Yusun Kim 7 Spending on physical infrastructure: is it enough? 138 Yonghong Wu 8 Mitigating fiscal risk through municipal cybersecurity 159 Douglas A. Carr PART II FISCAL ORGANIZATION STRUCTURE, BUDGETING, AND FINANCIAL CONDITION 9 The role of special districts and intergovernmental constraints 173 Christopher B. Goodman 10 Municipal financial risks: special-purpose district financial health during COVID-19 187 Temirlan T. Moldogaziev, Marc Joffe, and Allan Wheeler 11 Municipal budgets, balance sheets, and acute fiscal shock 204 Robert S. Kravchuk 12 Understanding financial success: an exploration of the determinants of fiscally healthy cities 220 Bruce D. McDonald III and Michaela E. Abbott 13 State intervention in local government fiscal distress 235 Lang (Kate) Yang 14 The fiscal structure of county governments from 2002 to 2019: the impact of the Great Recession and the run-up to the COVID-19 pandemic 257 Craig L. Johnson, Luis Navarro, and Andrey Yushkov PART III DEBT AND PENSIONS 15 The security, structure, and market of municipal debt: recent trends, research, and developments 271 W. Bartley Hildreth and Justina Jose 16 The status of municipal financial intermediaries after the financial crisis and Dodd-Frank: underwriters, insurers, advisors, and credit rating agencies 301 Martin J. Luby and Joshua E. Terkel 17 The structure of county government debt from 2002 to 2020: the financial crisis, the Great Recession, and the COVID-19 pandemic 319 Craig L. Johnson, Andrey Yushkov, and Luis Navarro 18 The impact of fiscal rules on local debt: credit ratings, borrowing costs, and debt levels 335 Sungho Park, Craig S. Maher, and Steven C. Deller 19 Do municipal pensions matter? A review of pensions’ impact on US local governments 352 Gang Chen PART IV CITY AND MUNICIPAL FINANCE ACROSS THE GLOBE 20 Municipal finance in federalist systems 370 Chris Thayer, Alex Hathaway, and Jorge Martinez-Vazquez 21 Municipal finances in unitary systems: the effects of crises on financial autonomy in four European countries 391 Ringa Raudla, Mark Callanan, Kurt Houlberg, and Filipe Teles 22 Government financial resilience – a European perspective 408 Carmela Barbera, Bernard Kofi Dom, C.line du Boys, Sanja Korac, Iris Saliterer, and Ileana Steccolini 23 Measuring urban financial resilience: a resource flow perspective 433 Christine R. Martell and Temirlan T. Moldogaziev 24 Managing crises and public financial management in Singapore 453 Chang Yee Kwan and Hui Li Conclusion: themes and directions for future research 469 Craig L. Johnson, Temirlan T. Moldogaziev, and Justin M. Ross Index

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Book SynopsisExpertly navigating the complex relationships between accounting and the development of hybridized public governance, this erudite Handbook critically analyses the most pressing challenges and limitations currently facing accounting and public governance research. Comprehensively drawing intricate links between accounting, public governance and hybridization, it conceptualizes the role of accounting by looking at the current and prospective needs of hybridized public governance.Interdisciplinary in scope, this Handbook brings together contributions from an array of eminent scholars who explore key themes of accounting including performance measurement, accountability, budgeting and reporting. Different forms of public governance are examined and chapters uniquely scrutinize various aspects of accounting in different public governance settings, simultaneously engaging a perspective of hybridization. The Handbook also identifies a number of suggestions for future scholarly research thereby making a progressive and innovative contribution to this field of study.This indispensable Handbook will prove essential to scholars, researchers and students across the fields of accounting, public management, public finance, regulation and governance, public administration, and public policy. Practitioners within these fields will also find this to be an essential read.Trade Review‘This essential book contains 35 authors from across the globe and provides a smorgasbord of coverage, addressing cross-cutting public accounting and governance issues by various topics. This Handbook testifies that hybridization in the public sector and its associated accounting and public governance issues are important to organizations and societies in the modern era.’ -- James Guthrie, Macquarie University, Australia‘In the past decades, the number and types of hybrid organizations has increased strongly – and these organizations are here to stay! The hybridity of these organizations has had impact on all elements of public governance. Mixing efficiency driven modes with more attention for public value creation creates tensions for accountability, financial and other types of reporting, performance measurement and budgeting. This Handbook offers a welcome overview and discussion of these tensions, with examples from various countries, policy sectors, and government levels. It is a must read for scholars and students who are studying hybrid organizations.’ -- Sandra van Thiel, Erasmus University Rotterdam, the NetherlandsTable of ContentsContents: Preface xiv 1 Introduction to the Handbook of Accounting and Public Governance 1 Guiseppe Grossi and Jarmo Vakkuri PART I HYBRIDISED PUBLIC GOVERNANCE IN THEORY 2 Governance of hybrid networks in organisations and society 11 Jan-Erik Johanson and Jarmo Vakkuri 3 Hybridity in digital and algorithmic public governance 32 Tero Erkkilä 4 Accounting and participatory governance for public sector hybridity 47 Evgenii Aleksandrov PART II ACCOUNTABILITY IN HYBRIDISED PUBLIC GOVERNANCE: THEORY AND PRACTICE 5 Manifestations of hybrid accountability in horizontal network governance 68 Tomi Rajala, Petra Kokko, Harri Laihonen and Elias Pekkola 6 Addressing accountability challenges with theory of change: the case of a social partnership in Ukraine 95 Anatoli Bourmistrov, Veronika Vakulenko and Olga Iermolenko 7 Interactive accountability in the case of digital governance 116 Olga Trunova PART III BUDGETING IN HYBRIDISED PUBLIC GOVERNANCE: THEORY AND PRACTICE 8 The use of non-financial performance indicators in the budgeting process of hybrids 129 Tjerk Budding and Vera van Schie 9 Participatory budgeting in reshaping public budgeting: evidence from Finland, Poland, and the US 142 Lotta-Maria Sinervo, Pauliina Lehtonen, Katarzyna Radzik-Maruszak and Carol Ebdon 10 Digitalisation and citizen engagement: comparing participatory budgeting in Rome and Barcelona 163 Giorgia Mattei, Valentina Santolamazza and Martina Manzo PART IV PERFORMANCE MEASUREMENT IN HYBRIDISED PUBLIC GOVERNANCE: THEORY AND PRACTICE 11 Horizontal performance in the case of network governance: management by objectives and school performance 184 Åge Johnsen and Paul Brakstad Waters 12 Non-financial performance measurement in participatory governance: how to measure the different facets of hybridity? 203 Michele Andreaus, Akylai Anarbaeva and Caterina Pesci 13 The design and use of a digital PMS, and the emergence of gaming logic: the experience of the Italian Ministry of Culture 224 Deborah Agostino and Paola Riva PART V REPORTING IN HYBRIDISED PUBLIC GOVERNANCE: THEORY AND PRACTICE 14 Whole-of-government reporting and network governance 246 Danny Chow and Elaine Stewart 15 Linking popular reporting to citizen engagement: evidence and ideas from Italy 264 Luca Bartocci and Silvana Filomena Secinaro 16 Internet reporting and digital governance: evidence from multiple Italian municipalities 284 Silvana Filomena Secinaro, Valerio Brescia and Davide Calandra 17 Conclusions – accounting and hybridised public governance 303 Jarmo Vakkuri and Giuseppe Grossi Index 325

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Book SynopsisPublic spending accounts for a significant share of national GDP and is perceived as a critically important way for overcoming periods of economic and social crisis, but is often criticised as inefficient and ineffective, giving raise to calls for new processes of reform. Because most public resources are raised through taxation from citizens and businesses, accountability and assurance are key in the democratic process, and auditing attempts to fulfil this public interest role. This in turn leaves public sector auditing under increasing public scrutiny and political pressure. Through a comparative analysis of the development of auditing practices in governments across the globe, Auditing Practices in Local Governments: An International Comparison provides a contemporary overview of public sector auditing practices at both local and state level. By focusing on countries which have experienced differing implementation processes, and which are characterised by different administrative and political cultures, the authors provide a comparative analysis of countries across the globe, including major European states, China, Australia, and New Zealand. Written by scholars and practitioners in the fields of public sector auditing, this first volume of Emerald Studies in Public Service Accounting and Accountability provides readers both researchers and practitioners with a thorough overview of international public sector auditing practice.Table of ContentsChapter 1. The why, who and what of public sector auditing; Laurence Ferry, Pasquale Ruggiero, and Henry Midgley Chapter 2. Local government Auditing in Australia; Zahirul Hoque and Thiru Thiagarajah Chapter 3. Local Government Auditing in Austria; Tobias Polzer, Sebastian Vith, and Günter Bauer Chapter 4. Local Government Auditing in Brazil; André Feliciano Lino, Ricardo Rocha de Azevedo, Ismar Viana, and André Carlos Busanelli de Aquino Chapter 5. Local Government Auditing in the People’s Republic of China; Zhao Zaozao Chapter 6. Local Government Auditing in England; Laurence Ferry, Henry Midgley, and Aileen Murphie Chapter 7. Local Government Auditing in France; Marcel Guenoun and Robin Degron Chapter 8. Local Government Auditing in Germany; René Geissler Chapter 9. Local Government auditing in Italy; Pasquale Ruggiero, Andrea Mazzillo, and Patrizio Monfardini Chapter 10. Local Government Auditing in the Netherlands; Tjerk Budding, Herman van Brenk, Remko Renes, and Rein-Aart van Vugt Chapter 11. Local Government Auditing in New Zealand; Carolyn Cordery, David Hay, and Robert Cox Chapter 12. Local Government Auditing in Portugal; Susana Jorge, Sónia Nogueira, and Ana Calado Pinto Chapter 13. Local Government Auditing in Spain; Lourdes Torres and Ignacio Cabeza Chapter 14. Local Government Auditing in Sweden; Torbjörn Tagesson and Per-Åke Brunström Chapter 15. Local Government Auditing in Switzerland; Pascal Horni and Martin Köhli Chapter 16. Where is Public Sector Auditing: A Comparative Analysis; Laurence Ferry, Pasquale Ruggiero, and Henry Midgley

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Book SynopsisRichard Musgrave is one of the most eminent public finance economists of our time. In this third volume of essays, Professor Musgrave once more takes a broad view of fiscal institutions, their nature and functions. Traditions of fiscal theory and their impact on the author's work are discussed and their linkage to theories of the state and of distributive justice are examined. Selected topics include: the foundations of public finance, equity in taxation, tax reform, federalism and budget growth.Public Finance in a Democratic Society will be of interest to scholars and students of public finance, political economy and public policy.Trade Review'Richard Musgrave is arguably the leading public finance scholar of his generation. This book is a testament to his outstanding contribution to his discipline. Its 28 chapters reproduce selected conference papers, journal articles, essays, and commentaries by Musgrave that have been published over his long and distinguished career. . . The smooth prose and compelling content of the chapters are imbued throughout with Musgrave's deep and passionate commitment to the institutions of the liberal welfare state.' -- Tim Edgar, Canadian Tax JournalTable of ContentsContents: Preface Part I: Foundations 1. The Role of the State in Fiscal Theory 2. Crossing Traditions 3. Public Finance and Finanzwissenschaft Traditions Compared 4. Combining and Separating Fiscal Choices: Wicksell’s Model at its Centennial 5. Social Science, Ethics, and the Role of the Public Sector 6. Tableau Fiscale 7. Merit Goods Part II: Equity in Taxation 8. Public Finance and Distributive Justice 9. The Nature of Horizontal Equity and the Principle of Broad-Based Taxation: A Friendly Critique 10. Social Contract, Taxation and the Standing of Deadweight Loss 11. Horizontal Equity, Once More 12. Horizontal Equity: A Further Note 13. Tax Equity with Multiple Jurisdictions (with Peggy B. Musgrave) 14. Pigou on Taxation Part III: Multiple Jurisdictions 15. Federalism, Grants and Fiscal Equalization (with Peter Mieszkowski) 16. Who Should Tax, Where and What? 17. Inter-nation Equity (with Peggy B. Musgrave) 18. Devolution, Grants and Fiscal Competition Part IV: Budget Growth 19. When is the Public Sector too Large? 20. Excess Bias and the Nature of Budget Growth 21. Fiscal Churning (with Peggy B. Musgrave) 22. Fiscal Functions of the Public Sector 23. Reconsidering the Fiscal Role of Government 24. The Longer View 25. Comments on James M. Buchanan ‘The Fiscal Crisis in Welfare Democracies’ Part V: Tax Reform 26. Clarifying Tax Reform 27. Tax Reform in Developing Countries 28. Micro and Macro Aspects of Fiscal Policy Index

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Book SynopsisMeasuring tax evasion and the size of the underground economy is a growing industry among researchers. However, Filip Palda argues that deadweight losses from tax evasion are a social loss that have been largely neglected.Tax Evasion and Firm Survival in Competitive Markets illustrates how a firm with high production costs but which is easily able to evade taxes may displace from the market a company with low production costs but poor tax evasion capabilities. The difference in production costs between the inefficient survivor and the efficient loser is termed by the author the 'displacement loss from taxation', and rivals in size the Harberger triangle loss from taxation.The book demonstrates how Filip Palda's calculus for measuring displacement loss can be extended to subsidies, minimum wages, and any other government attempt to displace resources from one part of the economy to another. Throughout, the book highlights the way in which taxation has evolved to mitigate displacement losses and how policymakers should be even more sensitive to the larger costs of the uneven enforcement of taxes and regulations.This volume also contains simple but powerful analytical tools for calculating economic equilibrium in the presence of two inseparable characteristics of the firm that determine its survival in the market: the ability to produce efficiently and the ability to evade taxes and ignore regulations.This highly innovative book will be of great interest to public finance economists and policymakers concerned with fiscal issues.Trade Review'This is an extraordinarily well-written book. You do not need to be an academic to read, understand, and appreciate the arguments made. At the same time, the analysis is rigorous.' -- Glenn Feltham, Canadian Tax JournalTable of ContentsContents: 1. Introduction 2. Tax Evasion 3. Are Subsidies Evaded Taxes? 4. Tax Evasion Analysis Extended to Regulation Evasion: The Case of the Minimum Wage 5. Tax Evasion, Regulation Evasion and Rent-Seeking 6. Conclusion References Index

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Book SynopsisThis book presents a comprehensive analysis of public expenditure control in Europe and the coordination strategies available. It provides a detailed scrutiny of the various audit systems in the EU and the difficulties in building consistency or harmony between them. The book demonstrates how successful strategies should aim to strengthen the collaboration between different layers of government at the EU, national and regional levels. The authors illustrate how effective cooperation between Supreme Audit Institutions (SAIs) is one of the starting points for any rational system of external control of Europe's public finances. However, this cooperation must be founded upon respect for the independence and operating mandate of each SAI and for their different organizational and operational procedures. Importantly, the authors analyse three critical phenomena that determine the present context in which SAIs develop their activities. These include the impact of the current processes of supranational integration and state decentralization taking place in Europe; the growing demand for transparency, accountability and external control; and the more complex situations created by the loss of a clear distinction between the private and public sectors. The book also offers detailed country studies of audit functions and how they are developed and interpreted, and examines coordination strategies in the context of fraud, auditing, reporting and harmonization. This volume will prove to be an invaluable resource for scholars, students and practitioners of public finance, auditing and administration. It will also be of interest to those working in the areas of public budgeting and public sector management in the EU.Trade Review‘Public Expenditure Control in Europe provides a timely and detailed study of audit control of government expenditure in selected EU countries. It combines the factual and descriptive analysis of senior experts practising in the area with the insights of top academics writing in this field. The studies dissect different cultural and institutional practices in auditing public expenditure - highlighting difficulties in gaining European consistency or in auditing across different levels of government. Overall, the book argues for greater harmonization and comparability while allowing room for diversity and experimentation.' -- John Wanna, Griffith University, AustraliaTable of ContentsContents: Foreword Part I: Different Forms of Public Control 1. Public Control: A General View 2. Public Audit in the United Kingdom 3. Public Expenditure Control in the Netherlands 4. Public Financial Control in Europe: The Example of the Federal Republic of Germany 5. The System of Public Control in Spain 6. External Audit Institutions: The European Court of Auditors and its Relationship with the National Audit Institutions of the Member States Part II: Towards Coordination Strategies 7. A Policy to Fight Financial Fraud in the European Union 8. The Coordination of Internal Controls: The Single Audit – Towards a European Union Internal Control Framework 9. Towards the Coordination of Financial Reporting at the Different Levels of Public Administration in Europe Index

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