The Impact of Audited Financial Statements on Local Governments: Evidence from US School Districts

Dong, Qingkai

doi:10.2139/ssrn.4259507

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2022

2024

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Cited by 2 publications

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“…The existing literature on non-profit mandates focuses on reporting and audit mandates for local governments (Dong, 2022;Ferraz & Finan, 2011;Vannutelli, 2022), fiscal monitoring of governments (Nakhmurina, 2022;Spreen & Cheek, 2016), and audit mandates for other types of non-profit organizations (Duguay, 2022). Most of the literature that studies disclosure mandates in the context of non-profit organizations documents the benefits of financial reporting mandates on non-profit governance (Chen, 2016;Desai & Yetman, 2005;Harris et al, 2014;Yetman & Yetman, 2012).…”

Section: Introductionmentioning

confidence: 99%

The Impact of Financial Reporting Mandates on Labor Unions

Dong

2022

SSRN Journal

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Section: Introductionmentioning

confidence: 99%

The Impact of Financial Reporting Mandates on Labor Unions

Dong

2022

SSRN Journal

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Does Fiscal Monitoring Make Better Governments? Evidence from U.S. Municipalities

Nakhmurina

2024

The Accounting Review

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This paper examines the effect of state-level monitoring on municipal governance, focusing on outcomes in financial reporting quality, local corruption, political entrenchment, and municipal financial soundness. I exploit the staggered adoption of fiscal monitoring policies that entail a regular review of municipal financial reports for signs of fiscal distress. I find that introducing these monitoring policies is associated with an increase in the proxies for reporting quality, a decrease in the number of corruption convictions, and a reduction in re-election likelihood for incumbent politicians. Consistent with the purpose of the policies, my evidence shows that fiscal health ratios of municipalities improve after initiating state monitoring. Collectively, my results are consistent with state fiscal monitoring improving several important aspects of municipal governance. Data Availability: Data are available from the public sources cited in the text. JEL Classifications: G18; G38; H1; H11; H7; H83; M4.

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The Impact of Audited Financial Statements on Local Governments: Evidence from US School Districts

Cited by 2 publications

References 50 publications

The Impact of Financial Reporting Mandates on Labor Unions

The Impact of Financial Reporting Mandates on Labor Unions

Does Fiscal Monitoring Make Better Governments? Evidence from U.S. Municipalities

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