Investor Interests and Government Accounting Disclosure
Accounting, Auditing & Accountability Journal
ISSN: 0951-3574
Article publication date: 1 March 1993
Abstract
Analyses disclosure levels from annual reports and budgets from US municipalities, based on the expected incentives of municipal bond investors. Disclosure levels for both budgets and annual reports are variable, suggesting that the quality of disclosures may be based on key actor incentives. Results suggest that annual report disclosures (especially those found in the statistical section) are responsive to investor incentives, while little relation is found between investor needs and budget disclosure. This suggests that annual report information which is historically based is responsive primarily to investor needs.
Keywords
Citation
Giroux, G. and Deis, D. (1993), "Investor Interests and Government Accounting Disclosure", Accounting, Auditing & Accountability Journal, Vol. 6 No. 1. https://doi.org/10.1108/09513579310027530
Publisher
:MCB UP Ltd
Copyright © 1993, MCB UP Limited