Popular Financial Reporting

Biancone, Paolo; Secinaro, Silvana

doi:10.4018/978-1-5225-7820-8.ch006

Cited by 4 publications

(4 citation statements)

References 88 publications

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“…PFR originated as an initiative undertaken by the Governmental Accounting Standards Board (GASB), the Association of Governmental Accountants (AGA), and the Government Financial Officers Associations (GFOA) in the US and Canada in the early 1990s, and has developed since. GASB, as well as GFOA, produced a series of principles to be followed when writing a PFR, and proposed a different version of PFR, without the creation of a generally accepted set of standards [29,54,55]. PFR aims to increase the level of transparency and the accountability of public sector organizations, to sustain citizens' trust of government, and engender more citizen engagement with the decision making of public organizations [29].…”

Section: Popular Financial Reportingmentioning

confidence: 99%

Sustainability, Popular and Integrated Reporting in the Public Sector: A Fad and Fashion Perspective

Biondi

Bracci

2018

Sustainability

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This paper provides a comparative analysis of different public accountability means used in the public sector - namely sustainability reporting, popular financial reporting and integrated reporting - in order to highlight their similarities and differences, and reflect on their development, with specific reference to the Italian context. In particular, we speculate about the practical and research implications of their emergence, through the lenses of accountability and managerial fad and fashion literature. The main novelty of the paper is that it is one of the first studies providing a comparative analysis of the three reporting tools debated both in practice and in research. We argue about their diffusion patterns, the commonalities and differences, which suggests different stages of evolution, different actors and forces at play. We provide some preliminary evidence on the risk that accountability innovations may end up just in a fad and fashion uptake, creating inefficiencies and not achieving the aims they are intended for. We also show how the available frameworks and standards have more in common than not, and that there is a risk of creating only new labels, without real innovation or improvement of public accountability.

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Section: Popular Financial Reportingmentioning

confidence: 99%

Sustainability, Popular and Integrated Reporting in the Public Sector: A Fad and Fashion Perspective

Biondi

Bracci

2018

Sustainability

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“…According to the authors, in public utility companies, there is lot of work to do and non-financial disclosure has to be fostered. Biancone et al [21] proposed a system for public utility companies to create an integrated popular report that includes elements of financial reporting, integrated reporting and popular reporting. Nevertheless, the quality and diffusion of non-financial reporting, particularly in public utility companies, are still under-investigated.…”

Section: Introductionmentioning

confidence: 99%

Quality and Diffusion of Social and Sustainability Reporting in Italian Public Utility Companies

2020

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In recent decades, non-financial reporting has been widely debated in the literature relating to both public and private sectors. Non-financial reporting is used to increase accountability and transparency, and to adapt to external pressures and stakeholder expectations. The focus on external factors, i.e., transparency and stakeholders, has largely precluded research into the quality of non-financial reporting. Nevertheless, the quality and reliability of sustainability reports have been widely questioned in the literature. Non-financial reporting may provide purely symbolic actions to manage expectations. This paper analyzes the level of diffusion and quality of non-financial reporting tools in the public utility sector. We use the principles of the GRI (Global Reporting Initiative) framework to measure quality, i.e., clarity and accuracy, timeliness and stakeholder engagement, comparability, and reliability. We use a qualitative exploratory approach with a mix of primary and secondary sources. The results show that despite the increasing use of non-financial reporting in organizational life, it is not diffused within public utilities. We address the issue of quality, and find that, overall, the accuracy/clarity and comparability of non-financial reporting is satisfactory; timeliness and stakeholder engagement appear to be acceptable, while reliability does not appear to be acceptable.

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“…In the first phase, it is possible to identify and analyze the characteristics of the case study considering the elements useful for the construction of the social reporting tool called Popular Financial Reporting. The comparison with other social reporting tools, to highlight the most significant aspects and the main differences, is represented in table 1 (Biancone et al, 2018b;Manes-Rossi et al, 2018;Brescia, 2019). Ensuring the validity of case studies, data were collected differently through consultation of different data sources, such as unstructured interview, private and public records, a direct observation that was possible during the activities of the supply of services and accounting process of "Circolo dei Lettori."…”

Section: Methodsmentioning

confidence: 99%

“…The use of social indicators supports the results and the analysis conducted; therefore, the main characteristics are explained. Redefining based on (Biancone, Secinaro, Brescia, Iannaci, 2018b;Manes-Rossi et al, 2018;Brescia, 2019) The goodness of Popular Financial Reporting is to show data on public activity through false information and in simple language. This new approach to public accountability indicates the link between the political strategy, financial performance, and the social, environmental, and economic context within which the organization operates.…”

Section: Methodsmentioning

confidence: 99%

Popular Financial Reporting in Heritage and Cultural Hybrid Organizations: The First European Experience

Biancone

Secinaro

Brescia

et al. 2020

IJBA

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The research objective is to highlight how the Popular Financial Reporting applied to a cultural sector can increase transparency and accountability involving citizens and members. Moreover, through the tool, it is possible giving immediate feedback on the transformation of the inputs into outputs and the absorption of resources provided by the public through funding in cultural impact. The analysis is conducted through a "Circolo dei Lettori" case study; it is a hybrid organization. The legal form is of a private foundation with public participation. The initiative of the Piedmont Region (Italy), the "Circolo dei lettori" is a cultural center. The role of the "Circolo dei Lettori" is to make melting 'pot expressive and influenced by the hurricane of stories, signals, and emotions from the digital society and revitalization of culture with presentations and meetings. The use of the resources made available is strictly linked to the sustainability of the creative industries. Therefore, an instrument that guarantees transparency, participation, and control at the same time is essential. Very often, there is not a real perception of the resources made available and of the results obtained, leading to a removal of the financing partners and the stakeholders. The integration of the theory developed through reality, together with different currents of thought in conjugation with practical evidence, is essential to define knowledge better. In particular, the analysis highlights the characteristics of the Popular Financial Reporting used for the first time in the cultural sector to increase sustainability, transparency, and accountability.

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Popular Financial Reporting

Cited by 4 publications

References 88 publications

Sustainability, Popular and Integrated Reporting in the Public Sector: A Fad and Fashion Perspective

Sustainability, Popular and Integrated Reporting in the Public Sector: A Fad and Fashion Perspective

Quality and Diffusion of Social and Sustainability Reporting in Italian Public Utility Companies

Popular Financial Reporting in Heritage and Cultural Hybrid Organizations: The First European Experience

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