Governmental financial resilience under austerity in Austria, England and Italy: How do local governments cope with financial shocks?

Barbera, Carmela; Jones, Martin; Korać, Sanja; Saliterer, Iris; Steccolini, Ileana

doi:10.1111/padm.12350

Cited by 111 publications

(252 citation statements)

References 78 publications

(115 reference statements)

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“…The UK tax system, which is rather complex, defines more favorable taxation conditions than most other European countries. The latter is due to significantly lower mandatory social taxes when stimulating voluntary contributions and savings, and lower income tax rates for legal entities and individuals [53]. France, as among developed countries, is characterized by a high share of tax revenues in gross domestic product and contributions to social funds.…”

Section: Discussionmentioning

confidence: 99%

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

et al. 2019

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Achieving financial sustainability is the most important strategic task of the state in a turbulent global economic environment. The purpose of this study was to identify the patterns of development and peculiarities of the tax situation in Russia. The authors determined the most effective approaches for the formation of the tax system that would ensure the financial sustainability of the state in conditions of economic transition. This study examined the existing features and patterns of the formation of the Russian tax system. The ways and instruments to achieve financial stability were considered. As an example, it was decided to take into account the international practices of the most successful states in terms of tax (according to the Doing Business methodology)—namely, the USA, Ireland, France, Greece, Luxembourg, the Netherlands, Germany, Switzerland, the UK, Sweden and Norway. A list of conditions is proposed, the implementation of which might ensure the transformation of the Russian financial system in terms of sustainability. This article also demonstrates changes in the economic infrastructure of the Russian Federation and indicates possible scenarios for the development of the tax system. This study determines that the tax system is largely shaped by the information environment. Therefore, digitalization processes can serve as a catalyst for the achievement of financial sustainability by the state. The choice of tools for the internal reform of public finances is situational. However, strategic transformation (in terms of macro-level sustainability) can be achieved by performing a number of universal steps. The implementation of the latter creates not only a positive effect from the introduction of new approaches, but primarily minimizes the impact of existing negative phenomena and trends. The tax system of the Russian Federation can be optimized by consolidating sustainable development indicators in the legal acts. The latter is an important step towards achieving financial sustainability.

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Section: Discussionmentioning

confidence: 99%

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

et al. 2019

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“…These findings can be interpreted considering that the debate on the (economic, social, and environmental) sustainable impact of public sector organizations has been a hot topic in Europe, especially in the aftermath of the sovereign debt crisis that affected the Eurozone in the last decade [88]. Emerged as a fiscal issue, the crisis has further evolved into a legitimacy crisis affecting the relationship between public sector organizations and the civil society [89,90]. Consequentially, there has been a growing emphasis on the sustainable feature of public sector organizations' performance, as well as the involvement of stakeholders in several aspects of their activities among European countries.…”

Section: Locationmentioning

confidence: 85%

Sustainability Accounting and Reporting in the Public Sector: Towards Public Value Co-Creation?

et al. 2020

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The economic, social, and environmental contingencies of the last two decades have called into question the need for public sector organizations to align accounting practices with sustainable concerns. Sustainability refers to the ability of organizations to co-create economic value in the long run, involving all stakeholders, safeguarding the environment, and generating well-being for the community. While this topic attracts increasing interests from several perspectives, there is a lack of a comprehensive assessment of how academia is debating it. Therefore, this paper reviews the field of sustainability, accounting, and reporting (SAR) in the public sector in order to develop insights into how the literature is developing the theme of public value (PV) co-creation, offer a critique of the state-of-the-art to date, and outline future research opportunities. The study is based on a structured literature review (SLR) methodology that enables studying the corpus of scholarly literature, developing insights, critical reflections, and future research paths. The results highlight that, although the involvement of stakeholders appears as crucial for developing SAR practices in the public sector, scholars have not yet adopted a PV co-creation perspective to this phenomenon, since, at best, previous studies only focused on the stakeholders’ involvement, without considering other aspects such as synergistic integration of resources and alignment of purposes. Therefore, academics should rethink their research setting and implications to provide a significant contribution by conducting studies capable of leading future development of SA in the public sector.

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“…This is often associated with the embracing of a new public management (NPM) agenda, although whether the outcomes are as intended, or even possibly undermine the operation of such organizations, has been debated (Lapsley, ). Moreover, it has been argued that at a time of crisis (or in a period of austerity) in the public sector, increased importance is frequently put on the use of these new accounting instruments, albeit possibly adjusted to meet distinctive control and expenditure requirements related to such crises (Barbera et al ., ; Bracci et al ., ). However, the ability of such accounting tools to support public sector organizations in decision‐making and accountability processes stresses the necessity to understand the extent to which accounting reforms are seen to pave the way for new solutions and support change.…”

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confidence: 99%

Justifying Public Sector Accounting Change from the Inside: Ex‐post Reflections from Three Countries

Hyndman

Liguori

Meyer

et al. 2019

Abacus

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Looking at accounting reforms in central government, the paper investigates how key actors (senior managers responsible for developing and/or implementing change) account for the related change outcomes subsequent to implementation. Using aggregated data from three countries (the UK, Italy, and Austria), and a mixed-methods approach, the study investigates which rhetorical strategies are used to construct ex-post legitimation or delegitimation of the changes, and how these strategies are associated with different perceived outcomes of change. Building on previous literature, possible strategies for ex-post (de-) legitimation and outcomes of change are identified. The study finds that radical change (leading to new accounting systems bedding down with accompanying new interpretative schemes) is associated with ex-post legitimation based on rationalization. In contrast, incremental change (introducing new accounting tools, but not resulting in changed interpretative schemes) is often connected with narratives criticizing (or delegitimating) the change. The study contributes to the scant body of literature focusing on ex-post legitimation of accounting change. How managers justify change in relation to its outcomes provides useful insights for the current situation when, as a consequence of crisis and austerity, new roles and relevancies for accounting and control systems continue to emerge. It is argued that for change to be substantive, it is not only essential that the actual systems and structures of accounting are adjusted, but it is critical that the way people interpret and make sense of accounting information (and consequently take decisions) is also modified. The particular challenges of achieving this in a period of crisis are highlighted.

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Governmental financial resilience under austerity in Austria, England and Italy: How do local governments cope with financial shocks?

Cited by 111 publications

References 78 publications

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

Sustainability Accounting and Reporting in the Public Sector: Towards Public Value Co-Creation?

Justifying Public Sector Accounting Change from the Inside: Ex‐post Reflections from Three Countries

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