Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 김종현 | - |
dc.date.accessioned | 2021-08-10T05:53:26Z | - |
dc.date.available | 2021-08-10T05:53:26Z | - |
dc.date.issued | 2020-06 | - |
dc.identifier.citation | PUBLIC MONEY & MANAGEMENT, page. 1-10 | en_US |
dc.identifier.issn | 1467-9302 | - |
dc.identifier.issn | 0954-0962 | - |
dc.identifier.uri | https://www.tandfonline.com/doi/full/10.1080/09540962.2020.1769384 | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/163443 | - |
dc.description.abstract | This paper shows accrual-based government financial information is an effective indicator of fiscal risk. The authors analysed the association of accrual-based government financial information (government liabilities and fiscal balance) with fiscal risks (proxied by sovereign credit ratings and sovereign bond yields). Analysing 24 OECD member states from 1997 to 2015, the authors found that the greater a government’s liabilities, the lower its sovereign credit rating and the higher its sovereign bond yields. In addition, the sounder a country’s fiscal balance, the higher its sovereign credit rating and the lower its sovereign bond yields. IMPACT This paper provides empirical evidence for managers and policy-makers that a country’s fiscal risks can be accurately measured through accrual-based government financial information. Evidence is provided that the international capital market recognizes the positive effects of the OECD’s accrual-based government accounting scheme on public financial management. The authors’ results suggest that accrual-based government financial information, especially government liabilities and fiscal balance, should be used for public financial management. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | ROUTLEDGE JOURNALS | en_US |
dc.subject | Accrual-based accounting | en_US |
dc.subject | fiscal balance | en_US |
dc.subject | government liabilities | en_US |
dc.subject | public financial management | en_US |
dc.subject | sovereign bond yields | en_US |
dc.subject | sovereign credit ratings | en_US |
dc.title | Does accrual-based government financial information serve as an indicator of fiscal risks? | en_US |
dc.type | Article | en_US |
dc.identifier.doi | 10.1080/09540962.2020.1769384 | - |
dc.relation.page | 1-10 | - |
dc.relation.journal | PUBLIC MONEY & MANAGEMENT | - |
dc.contributor.googleauthor | Jung, D.-J. | - |
dc.contributor.googleauthor | Kim, J.-H. | - |
dc.contributor.googleauthor | Chang, S.-J. | - |
dc.relation.code | 2020056283 | - |
dc.sector.campus | E | - |
dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
dc.sector.department | DEPARTMENT OF ACCOUNTING AND TAX | - |
dc.identifier.pid | jhkim04 | - |
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