Financial Management Theory In The Public Sector

by Khan, Aman

• ISBN13: 9781567206258
• ISBN10: 1567206255
• Format: Hardcover
• Copyright: 2004-12-30
• Publisher: Praeger Pub Text

Summary

To have a clear picture of developments in public financial management, a multidimensional perspective of the field is needed, since governments--unlike for-profit organizations-- serve multiple and often conflicting interests. This book provides this dynamic approach by integrating insights from economics, business, and political science. Written by some of the leading scholars in the field, this collection presents eleven chapters that run the gamut of public financial management issues. Topics include: Transaction costs in contractual relationships; Uncertain conditions and probability assessment in the bond market; Rational choice and the institutional framework in public investment decision; E-Government financial management models; Budget balance as the building block of public financial strategy. Together the contributors present a robust framework for understanding and analyzing financial decision making in the public sector.

Table of Contents

Preface	ix
Acknowledgments	xiii
Managing Financial Transactions Efficiently: A Transaction Cost Model of Public Financial Management	1	(24)
John R. Bartle
Jun Ma
Information Asymmetry in Public Investment Management	25	(30)
Brian K. Collins
Aman Khan
Bridging the Gap Between Contract Service Delivery and Public Financial Management: Applying Theory to Practice	55	(16)
Lawrence L. Martin
Prospect Theory and the Municipal Bond Market	71	(18)
Kenneth A. Kriz
Practice as Interpretation in Public Financial Management	89	(26)
Gerald J. Miller
Jonathan B. Justice
Iryna Illiash
Should Financial Reporting by Government Encompass Performance Reporting? Origins and Implications of the GFOA-GASB Conflict	115	(26)
William Earle Klay
Sam M. McCall
Curtis E. Baynes
Assessing the Likely Acceptance of Financial Management Techniques in the Public Sector: A Characteristic Approach	141	(24)
William G. Albrecht
Rev. Thomas D. Lynch
Fiscal Decentralization: Theory as Reform	165	(22)
James Edwin Kee
Managing Structural Imbalances: Implications for Fiscal Decision Making and Policy	187	(20)
Merl Hackbart
James R. Ramsey
E-Government Financial Management Models	207	(16)
Craig L. Johnson
Integrating Theory and Practice: Financial Management Reform in the U.S. Federal Government	223	(34)
Larry R. Jones
Jerry L. McCaffery
Selected Bibliography	257	(6)
Index	263	(4)
About the Editors and Contributors	267