Local Governments, Unexpected Depreciation and Financial Performance Adjustment
Robyn A Pilcher
Mitchell Van der Zahn
affiliation not provided to SSRN
Financial Accountability & Management, Vol. 26, Issue 3, pp. 299-324, August 2010
Prior management and manipulation of financial accounting information research has overwhelmingly been focused within a private sector setting. This study adopts a public sector focus in empirically examining the use of a specific discretionary accrual (i.e., depreciation) to adjust the financial performance of New South Wales (Australia) local governments. Findings indicate a significant positive association between absolute unexpected depreciation and absolute local government income before capital contributions, and a significant positive association between absolute unexpected depreciation and capital contributions. Overall, the results make significant contributions to various literature streams with implications for various stakeholders interested in local governmental financial performance.
Number of Pages in PDF File: 26Accepted Paper Series
Date posted: July 19, 2010
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