An empirical investigation of the initial production of state government financial reports in conformance with generally accepted accounting principles (GAAP) /
This study investigated the self-reported date of conformance with generally accepted accounting principles (GAAP) by state governments. The study attempted to develop a comprehensive explanation for the adoption of GAAP for external reporting purposes by states over the period, 1975-1993. Theoretic...
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| Format: | Thesis Book |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified] ;
1999.
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| Subjects: | |
| Online Access: | http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=733512721&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD |
| Summary: | This study investigated the self-reported date of conformance with generally accepted accounting principles (GAAP) by state governments. The study attempted to develop a comprehensive explanation for the adoption of GAAP for external reporting purposes by states over the period, 1975-1993. Theoretical constructs were developed from reviews of the political science and economic literature. The constructs developed included 1) institutional structure, 2) political climate, 3) bureaucratic professionalism, 4) capital market incentives, 5) federal government dependence, 6) auditing environment, and 7) socioeconomic conditions. Formal statements were formulated to test hypothesized relationships between constructs and the event probability of GAAP compliance. Empirical surrogates were identified for constructs and examined with univariate and multivariate tests. Empirical models were derived from both ad-hoc and statistical stepwise selection procedures and estimated via logistic regressions. Alternative specifications of base models were tested to assess the sensitivity of results to time and to compare current results with those of prior studies. Event history analysis facilitated the examination of longitudinal data in the current study. The use of the event history methodology enhanced the existing body of research, which had previously only examined single-period, cross-sectional data. The general Endings indicated that the key factors in the production of state GAAP financial reports were capital market incentives, bureaucratic professionalism, and socioeconomic conditions. The results implied that the bond underwriters, insurers, and analysts, professional associations, and in general, the citizen-taxpayers exerted government, outside more influence on state reporting practices than did the federal auditors or political managers. Although not conclusive, the findings provide some support for assertions made in prior studies. The results of the study should prove useful to academic researchers who strive to develop theories to explain the reporting choices of public-sector organizations, and to standard setters who need to assess the relative costs and benefits of reporting rules. |
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| Item Description: | Vita. "Major Subject: Accounting". |
| Physical Description: | ix, 131 leaves ; 28 cm. Issued also on microfiche from University Microfilm Inc. |
| Bibliography: | Includes bibliographical references (leaves 109-113). |