Developing a Government Reporting Taxonomy

61 Pages Posted: 2 Aug 2014 Last revised: 19 Apr 2016

See all articles by Neal M. Snow

Neal M. Snow

Lehigh University

Jacqueline Reck

University of South Florida - College of Business Administration

Date Written: November 1, 2015

Abstract

The municipal bond market is a $2.8 trillion market of which approximately 70 percent is held by private investors (SEC 2010). Municipal bondholders and potential buyers do not have the same level of information as those investors choosing to invest in public companies. In part this inequity is the result of poor data accessibility. Frequently the data provided is in a format that does not allow easy comparison across governments or over time. To increase comparability and consistency in government reporting we build a government reporting taxonomy using over 700 comprehensive annual financial reports (CAFR) statements. The completed taxonomy has 194 terms that cover all financial statements filed by municipalities. This study has implications for the municipal reporting market and those entities that regulate them by providing a validated municipal government reporting taxonomy.

Keywords: Taxonomy, government reporting, government financial statements, creditors

JEL Classification: M4, M41, E62, H71, H77

Suggested Citation

Snow, Neal M and Reck, Jacqueline, Developing a Government Reporting Taxonomy (November 1, 2015). Journal of Information Systems, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2474922 or http://dx.doi.org/10.2139/ssrn.2474922

Neal M Snow (Contact Author)

Lehigh University ( email )

621 Taylor St
RBC 449
Bethlehem, PA 18015
United States

Jacqueline Reck

University of South Florida - College of Business Administration ( email )

4202 E. Fowler Avenue, BSN 3403
Tampa, FL 33620-5500
United States

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