Financial Management Theory in the Public Sector
Integrating insights from economics, business, and political science, this book presents a multidisciplinary approach to the theory and practice of financial management in the public sector.
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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.
- Author Info
- Table of Contents
PrefaceAcknowledgmentsManaging Financial Transactions Efficiently: A Transaction Cost Model of Public Financial Management by John R. Bartle and Jun MaInformation Asymmetry in Public Investment Management by Brian K. Collins and Aman KhanBridging the Gap between Contract Service Delivery and Public Financial Management: Applying Theory to Practice by Lawrence L. MartinProspect Theory and the Municipal Bond Market by Kenneth A. KrizPractice as Interpretation in Public Financial Management by Gerald J. Miller with Jonathan Justice and Iryna IlliashShould Financial Reporting by Government Encompass Performance Reporting? Origins and Implications of the GFOA-GASB Conflict by William Earle Klay, Sam M. McCall, and Curtis E. PaynesAssessing the Likely Acceptance of Financial Management Techniques in the Public Sector: A Characteristic Approach by William G. Albrecht and Rev. Thomas D. LynchFiscal Decentralization: Theory as Reform by James Edwin KeeManaging Structural Imbalances: Implications for Fiscal Decision Making and Policy by Merl Hackbart and Jim RamseyE-Government Financial Management Models by Craig L. JohnsonIntegrating Theory and Practice: Financial Management Reform in the U.S. Federal Government by L.R. Jones and Jerry L. McCafferySelected BibliographyIndexAbout the Contributors