We extend a model of wasteful state aid in Dewatripont and Seabright (2006, Journal of the European Economic Association 4, 513-522) by a supranational controlling authority. The model combines moral hazard and adverse selection to show that politicians fund wasteful projects to signal their...

The public sector has been engaged for several years in a process of modernization, in order to meet the demands of the “citizen-consumer.” The European Union is undergoing the same process, especially regarding the management of European funds. The financial and economic crisis,...

While the functions of local government are many and varied, the primary role is to provide effective performance which arguably will coincide with good governance for its municipality. Internal audit and relevant controls play a key role in ensuring that good governance. The introduction of...

This study was based on the data collected through surveys conducted with 256 managers in companies in Kazakhstan, Kyrgyzstan, and Uzbekistan. The findings revealed that budgetary participation and procedural justice perception affected performance positively. In addition, performance was...

While German public finances have remained more resilient than other EU countries throughout the recent crisis, fiscal flexibility has become increasingly limited for its regional governments which deliver most public service. The recent introduction of a balanced-budget requirement (‘debt...

This paper expands our understanding of the introduction of new audit arrangements in the public sector by looking at three cases relating to the audit of local government. The first case saw the Audit Office replacing the elected auditors as the sole auditor of municipalities in 1886; the second...

This paper expands our understanding of the introduction of new audit arrangements in the public sector by looking at three cases relating to the audit of local government. The first case saw the Audit Office replacing the elected auditors as the sole auditor of municipalities in 1886; the second...

The present article, which draws on data from the 2002-2006 Riksdag, analyses the capacity of the Swedish standing committee system to hold the executive to account and, in particular, the contribution to this made by public committee hearings. In light of the significant growth in their number,...

Pomysł powołania niezależnej instytucji, opiniującej prowadzoną przez rząd politykę budżetową oraz nakładającej w tym zakresie ograniczenia, nie jest nowy. Często powraca w świetle kłopotów budżetowych. Niniejszy artykuł wprowadza w zagadnienie takiej instytucji jak rada...