Drivers for the voluntary adoption of consolidated financial statements in local governments |
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| Authors: | Serena Santis Giuseppe Grossi Marco Bisogno |
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| Institution: | 1. Department of Political Science ‘Jean Monnet’, University of Campania ‘Luigi Vanvitelli’, Italy;2. Nord University Business School, Norway;3. School of Business, Kristianstad University, Sweden;4. Kozminski University, Poland;5. Department of Management &6. Innovation Systems, University of Salerno, Italy https://orcid.org/0000-0003-3155-2919 |
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| Abstract: | ABSTRACTThis paper investigates consolidated financial statements (CFS), which have been implemented by several countries. In Italy, CFS implementation was preceded by a testing period in which local governments could participate on a voluntary basis. This paper explains why this was a useful preliminary step to implementing CFS: the local governments that took part in the testing period were able to enhance their knowledge of the topic while improving their employees’ skills. |
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| Keywords: | Consolidated financial statements experimentation institutional theory legitimacy theory local government |
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https://orcid.org/0000-0003-3155-2919