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Financial reporting and States’ infrastructure investment decisions

Descriptive

TypeOfResource
Text
TitleInfo
Title
Financial reporting and States’ infrastructure investment decisions
Name (type = personal)
NamePart (type = family)
McDonough
NamePart (type = given)
Ryan P.
Role
RoleTerm (authority = marcrt); (type = text)
author
Affiliation
Accounting & Information Systems, Rutgers University
Name (authority = orcid); (authorityURI = http://id.loc.gov/vocabulary/identifiers/orcid.html); (type = personal); (valueURI = http://orcid.org/0000-0001-9129-4400)
NamePart (type = family)
Yan
NamePart (type = given)
Claire J.
Affiliation
Accounting & Information Systems, Rutgers University
Role
RoleTerm (authority = marcrt); (type = text)
author
Name (authority = RutgersOrg-Department); (type = corporate)
NamePart
Accounting & Information Systems
Name (authority = RutgersOrg-School); (type = corporate)
NamePart
Rutgers Business School-Newark and New Brunswick (RBS)
Genre (authority = RULIB-FS)
Article, Refereed
Genre (authority = NISO JAV)
Submitted Manuscript Under Review (SMUR)
Note (type = peerReview)
Peer reviewed
OriginInfo
DateCreated (encoding = w3cdtf); (keyDate = yes); (qualifier = exact)
2019
Abstract (type = Abstract)
We examine whether governments’ infrastructure-related financial reporting policies are associated with their infrastructure investment decisions. Variation in governments’ infrastructure reporting policies results from the flexibility provided by GASB Statement No. 34, which permits state and local governments to select between two methods of reporting infrastructure assets: the traditional depreciation approach and the modified approach. In light of the increased financial reporting requirements associated with the modified approach, we use the adoption of the modified approach as a proxy for higher-quality financial reporting about infrastructure assets. We find that modified approach governments invest more in infrastructure assets and maintain their infrastructure at a higher condition level than governments using the depreciation approach. We employ a difference-in-differences research design and conduct additional analyses to help mitigate endogeneity concerns. Our results suggest that governments’ financial reporting policies influence their infrastructure investment decisions, which ultimately impacts businesses, citizens, and governments. Our findings also raise the question of whether the lack of reporting about infrastructure maintenance and repairs prevents stakeholders from ascertaining the magnitude and consequences of deferred infrastructure investments.
Language
LanguageTerm (authority = ISO 639-3:2007); (type = text)
English
PhysicalDescription
InternetMediaType
application/pdf
Extent
1 online resource (60 pages)
Subject (authority = local)
Topic
Infrastructure assets
Subject (authority = local)
Topic
Investment
Subject (authority = local)
Topic
Deferred maintenance
Subject (authority = local)
Topic
GASB Statement No. 34
Subject (authority = local)
Topic
Financial reporting
Subject (authority = local)
Topic
State and local governments.
Extension
DescriptiveEvent
Type
Citation
AssociatedObject
Name
The Accounting Review
Type
Journal
Relationship
Has part
RelatedItem (type = host)
TitleInfo
Title
Yan, Claire J.
Identifier (type = local)
rucore30270400001
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier (type = doi)
doi:10.7282/t3-g9ph-2311
Genre (authority = ExL-Esploro)
Preprint
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Rights

RightsDeclaration (AUTHORITY = FS); (TYPE = [FS] statement #1); (ID = rulibRdec0004)
Copyright for scholarly resources published in RUcore is retained by the copyright holder. By virtue of its appearance in this open access medium, you are free to use this resource, with proper attribution, in educational and other non-commercial settings. Other uses, such as reproduction or republication, may require the permission of the copyright holder.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
RightsEvent
Type
Permission or license
AssociatedObject
Type
License
Name
Multiple author license v. 1
Detail
I hereby grant to Rutgers, The State University of New Jersey (Rutgers) the non-exclusive right to retain, reproduce, and distribute the deposited work (Work) in whole or in part, in and from its electronic format, without fee. This agreement does not represent a transfer of copyright to Rutgers.Rutgers may make and keep more than one copy of the Work for purposes of security, backup, preservation, and access and may migrate the Work to any medium or format for the purpose of preservation and access in the future. Rutgers will not make any alteration, other than as allowed by this agreement, to the Work.I represent and warrant to Rutgers that the Work is my original work. I also represent that the Work does not, to the best of my knowledge, infringe or violate any rights of others.I further represent and warrant that I have obtained all necessary rights to permit Rutgers to reproduce and distribute the Work and that any third-party owned content is clearly identified and acknowledged within the Work.By granting this license, I acknowledge that I have read and agreed to the terms of this agreement and all related RUcore and Rutgers policies.
RightsEvent
Type
Embargo
DateTime (encoding = w3cdtf); (point = end); (qualifier = exact); (keyDate = no)
2022-11-11
DateTime (encoding = w3cdtf); (point = start); (qualifier = exact); (keyDate = no)
2019-11-11
Detail
Access to this PDF has been restricted at the author's request. It will be publicly available after November 11, 2022.
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Technical

RULTechMD (ID = TECHNICAL1)
ContentModel
Document
CreatingApplication
Version
1.5
DateCreated (point = end); (encoding = w3cdtf); (qualifier = exact)
2019-11-11T10:56:56
DateCreated (point = end); (encoding = w3cdtf); (qualifier = exact)
2019-11-11T10:56:56
ApplicationName
Microsoft® Word 2016
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