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Research Handbook on Public Financial Management
This scholarly Research Handbook captures key observations and analyses within the field of public financial management. It offers much-needed insights into possible future research ventures while presenting contemporary summaries of past studies in this ever-evolving field.
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Critical Acclaim
Contributors
Contents
More Information
This scholarly Research Handbook captures key observations and analyses within the field of public financial management. It offers much-needed insights into possible future research ventures while presenting contemporary summaries of past studies in this ever-evolving field.
Providing a fresh look at traditional and emergent topics such as government accounting and climate-resilient infrastructure systems, this Research Handbook acts as an essential reference point for advanced research pursuits. Chapters articulate the results of state-of-the-art investigative studies conducted by leading international researchers and aptly summarise the acute challenges involved in managing public finances such as debt management.
The Research Handbook on Public Financial Management will be valuable for academics and students of public management, politics and economics examining the foundational issues confronting public financial management. It will additionally benefit federal, state, and local government departments seeking to extend and affirm their knowledge.
Providing a fresh look at traditional and emergent topics such as government accounting and climate-resilient infrastructure systems, this Research Handbook acts as an essential reference point for advanced research pursuits. Chapters articulate the results of state-of-the-art investigative studies conducted by leading international researchers and aptly summarise the acute challenges involved in managing public finances such as debt management.
The Research Handbook on Public Financial Management will be valuable for academics and students of public management, politics and economics examining the foundational issues confronting public financial management. It will additionally benefit federal, state, and local government departments seeking to extend and affirm their knowledge.
Critical Acclaim
‘The Research Handbook on Public Financial Management by Komla D. Dzigbede and W. Bartley Hildreth is a must-reference source for academics and students who want to explore Public Financial Management past, present, and possible futures for these important concepts in theory and practice. Including emergent areas of managing public finances, including climate change, financial technology (fintech), and major economic crises. The Editors have assembled 22 excellent chapters authored by some of the leading researchers in the Public Financial Management fields.’
– James Guthrie, Emeritus Professor Macquarie Business School, Macquarie University, Sydney and Member of the Order of Australia (AM)
‘The book provides a much-needed coverage on issues of public financial management, especially on fiscal aspects of emerging issues in fintech, climate challenge, and crisis management, in addition to its excellent coverage on traditional and foundational topics on budgeting, accounting, and financial management. Its comprehensive coverage is unmatched by the current books in the market. It is a must-read by students and researchers of public financial management issues.’
– Xiaohu Wang, City University of Hong Kong, Hong Kong, China
– James Guthrie, Emeritus Professor Macquarie Business School, Macquarie University, Sydney and Member of the Order of Australia (AM)
‘The book provides a much-needed coverage on issues of public financial management, especially on fiscal aspects of emerging issues in fintech, climate challenge, and crisis management, in addition to its excellent coverage on traditional and foundational topics on budgeting, accounting, and financial management. Its comprehensive coverage is unmatched by the current books in the market. It is a must-read by students and researchers of public financial management issues.’
– Xiaohu Wang, City University of Hong Kong, Hong Kong, China
Contributors
Contributors: Yulianti Abbas, Romeo Abraham, Sawsan Abutabenjeh, Whitney Afonso, Aisha S. Ahmadu, Lachezar G. Anguelov, Simanti Bandyopadhyay, Majid Bazarbash, Robert L. (Bob) Bland, Spencer T. Brien, Benjamin M. Brunjes, Dario Cestau, Can Chen, Ana Maria Dimand, Komla D. Dzigbede, Naomi Nakaguchi Griffin, W. Bartley Hildreth, Justina Jose, Robert S. Kravchuk, Kenneth A. Kriz, Jose Manuel Tránchez Martín, Jorge Martinez-Vazquez, Bruce D. McDonald III, Alfonso Mendoza, Robert Ochoki Nyamori, Julius A. Nukpezah, Michael R. Overton, Rahul Pathak, Valencia Prentice, Evelyn Rodriguez-Plesa, Justin M. Ross, Eduardo Sanz-Arcega, Harsahib Singh, Heidi Jane Smith, Travis St. Clair, Teresa Ter-Minassian, Kingsley Ukwandi, Gerardo Una, Alok Verma, Qiushi Wang, Jinhai Yu, Zhiwei Zhang, Shaodong Zhu
Contents
Contents:
Foreword xviii
Roy Bahl
Acknowledgments xx
Introduction to the Research Handbook on Public Financial Management xxi
PART I THE CHANGING LANDSCAPE OF PUBLIC FINANCIAL
MANAGEMENT
1 Foundations of public financial management: theories and concepts 2
Robert S. Kravchuk
2 Managing public finances during major crises 18
Rahul Pathak, Justina Jose and Komla D. Dzigbede
3 Emerging ideas for fintech applications in the public sector 31
Majid Bazarbash, Naomi Nakaguchi Griffin, Gerardo Una and Alok Verma
PART II GOVERNMENTAL ACCOUNTING, AUDITING, AND
FINANCIAL REPORTING
4 Theories informing public sector accounting and financial management
changes in the era of new public management 58
Robert Ochoki Nyamori
5 Governmental accounting and financial management in practice:
current trends and country experiences 77
Qiushi Wang and Shaodong Zhu
6 Future directions for research in governmental accounting, auditing,
and financial reporting 95
Yulianti Abbas
PART III BUDGETING
7 The road to entrepreneurial budgeting and beyond:
a reconceptualization of the development of budget innovations in the
United States 117
Robert L. Bland, Michael R. Overton and Valencia Prentice
8 Public budgeting in developed and developing countries 136
Julius A. Nukpezah, Aisha S. Ahmadu, Kingsley Ukwandi, Edmund Poku Adu
and Romeo Abraham
9 Future directions for research in national and subnational government
budgeting 154
Jinhai Yu and Zhiwei Zhang
PART IV TAX REVENUE MANAGEMENT
10 Foundations of government taxation and revenue management 179
Whitney Afonso
11 Tax revenue management and reform in the digital era in developing
and developed countries 202
Jorge Martínez-Vázquez, Eduardo Sanz-Arcega and José Manuel Tránchez Martín
12 Instruments and management of public revenue 227
Justin M. Ross
PART V EXPENDITURE MANAGEMENT
13 Foundations of public expenditure management: theories and concepts 239
Simanti Bandyopadhyay and Harsahib Singh
14 Future directions for research in public expenditure management 259
Travis St. Clair
PART VI DEBT MANAGEMENT
15 Foundations of subnational public debt management: theories, concepts
and policy lessons 274
Heidi Jane M. Smith and Alfonso Mendoza-Velázquez
16 Emerging research issues in subnational government debt management 288
Dario Cestau
17 Emerging research issues in sovereign debt management 301
Teresa Ter-Minassian
PART VII GOVERNMENT PROCUREMENT AND CONTRACT MANAGEMENT
18 Foundations of public procurement 327
Spencer T. Brien
19 Future directions for research in public procurement and contract management 342
Benjamin M. Brunjes, Sawsan Abutabenjeh, Lachezar G. Anguelov,
Ana-Maria Dimand and Evelyn Rodriguez-Plesa
PART VIII A PATHWAY FOR MANAGING PUBLIC FINANCES IN
THE YEARS AHEAD
20 Great ideas in behavioral public financial management 370
Kenneth A. Kriz
21 New insights for managing the public finance aspects of
climate-resilient infrastructure systems 386
Can Chen
22 Teaching public budgeting and finance to the next generation of scholars 403
Bruce D. McDonald, III
Index
Foreword xviii
Roy Bahl
Acknowledgments xx
Introduction to the Research Handbook on Public Financial Management xxi
PART I THE CHANGING LANDSCAPE OF PUBLIC FINANCIAL
MANAGEMENT
1 Foundations of public financial management: theories and concepts 2
Robert S. Kravchuk
2 Managing public finances during major crises 18
Rahul Pathak, Justina Jose and Komla D. Dzigbede
3 Emerging ideas for fintech applications in the public sector 31
Majid Bazarbash, Naomi Nakaguchi Griffin, Gerardo Una and Alok Verma
PART II GOVERNMENTAL ACCOUNTING, AUDITING, AND
FINANCIAL REPORTING
4 Theories informing public sector accounting and financial management
changes in the era of new public management 58
Robert Ochoki Nyamori
5 Governmental accounting and financial management in practice:
current trends and country experiences 77
Qiushi Wang and Shaodong Zhu
6 Future directions for research in governmental accounting, auditing,
and financial reporting 95
Yulianti Abbas
PART III BUDGETING
7 The road to entrepreneurial budgeting and beyond:
a reconceptualization of the development of budget innovations in the
United States 117
Robert L. Bland, Michael R. Overton and Valencia Prentice
8 Public budgeting in developed and developing countries 136
Julius A. Nukpezah, Aisha S. Ahmadu, Kingsley Ukwandi, Edmund Poku Adu
and Romeo Abraham
9 Future directions for research in national and subnational government
budgeting 154
Jinhai Yu and Zhiwei Zhang
PART IV TAX REVENUE MANAGEMENT
10 Foundations of government taxation and revenue management 179
Whitney Afonso
11 Tax revenue management and reform in the digital era in developing
and developed countries 202
Jorge Martínez-Vázquez, Eduardo Sanz-Arcega and José Manuel Tránchez Martín
12 Instruments and management of public revenue 227
Justin M. Ross
PART V EXPENDITURE MANAGEMENT
13 Foundations of public expenditure management: theories and concepts 239
Simanti Bandyopadhyay and Harsahib Singh
14 Future directions for research in public expenditure management 259
Travis St. Clair
PART VI DEBT MANAGEMENT
15 Foundations of subnational public debt management: theories, concepts
and policy lessons 274
Heidi Jane M. Smith and Alfonso Mendoza-Velázquez
16 Emerging research issues in subnational government debt management 288
Dario Cestau
17 Emerging research issues in sovereign debt management 301
Teresa Ter-Minassian
PART VII GOVERNMENT PROCUREMENT AND CONTRACT MANAGEMENT
18 Foundations of public procurement 327
Spencer T. Brien
19 Future directions for research in public procurement and contract management 342
Benjamin M. Brunjes, Sawsan Abutabenjeh, Lachezar G. Anguelov,
Ana-Maria Dimand and Evelyn Rodriguez-Plesa
PART VIII A PATHWAY FOR MANAGING PUBLIC FINANCES IN
THE YEARS AHEAD
20 Great ideas in behavioral public financial management 370
Kenneth A. Kriz
21 New insights for managing the public finance aspects of
climate-resilient infrastructure systems 386
Can Chen
22 Teaching public budgeting and finance to the next generation of scholars 403
Bruce D. McDonald, III
Index
