Use of derivatives in public sector organizations
The present paper develops and tests a model explaining public sector derivative use in terms of budget discrepancy minimization. The model is different from private sector models. Private sector models do not readily translate into the public sector, which typically faces different objectives. Hypotheses are developed and tested using logistic regression over a sample of Australian Commonwealth public sector organizations. It is found that public sector organization derivative use is positively correlated with liabilities and size consistent with the hypotheses concerning budget discrepancy management. Copyright 2004 Accounting and Finance Association of Australia and New Zealand..
Year of publication: |
2005
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Authors: | Brailsford, Tim ; Heaney, Richard ; Oliver, Barry |
Published in: |
Accounting and Finance. - Accounting and Finance Association of Australia and New Zealand - AFAANZ, ISSN 0810-5391. - Vol. 45.2005, 1, p. 43-66
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Publisher: |
Accounting and Finance Association of Australia and New Zealand - AFAANZ |
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