Browsing by Subject "Financial transparency"

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    Publication
    Open Access
    Anti-corruption barriers, financial transparency and accounting quality in political parties : evidence from Spain
    (Universidad de Murcia, Servicio de Publicaciones, 2023) Rodríguez López, Ángel; Rodríguez Gutiérrez, Gustavo; Rubio Martín, Gracia-María
    The aim of this paper is to study the transparency and quality of the Spanish political parties’ accounting information, as well as the factors that determine it, in a temporal context marked by the introduction of the institutional anti-corruption barriers, which harden the obligations in terms of financial transparency. The sample is composed by all the political organizations audited in the Auditors Court (AC) during the period analysed. The econometric model is estimated through the statistical methodologies of the linear Panel Data fixed effects and the ordered logistic regression, both with different types of accounting information. One formed with original accounting data, and another corrected and improved using the AC reports. The results show that the quality of the accounting information of the political parties is deficient and so is the level of the financial transparency. Likewise, the explanatory power of the models estimated with corrected accounting information is more significant, being the ratio of the private and public income, age, debt and the saving rate, variables that strongly affect the quality of the accounting information. Finally, the institutional anti-corruption barriers imposed in terms of financial transparency have not been enough. In fact, last year was the worst in the time series, since there is no party that discloses the quality financial information.
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    Publication
    Open Access
    Financial Transparency in the Web 2.0 Era. An Analysis of the use of Websites and Social Media by Spanish Municipalities
    (2020) Royo, Sonia; Yetano, Ana; García-Lacalle, Javier
    The objective of this paper is to evaluate the role of websites and social media (SM) in increasing local government financial transparency. The research includes 60 Spanish municipalities classified into 4 population levels and combines quantitative and qualitative analyses: a website content examination; an exploration of the use of SM platforms; and an in-depth study of the content published in Facebook and Twitter over a one-year period. Results show that Spanish municipalities still have to make important efforts to increase their levels of financial transparency. Disclosures are mainly focused on budgetary information. The use of Facebook and Twitter by municipalities has become commonplace. However, their use for financial disclosures is underdeveloped. Most of the biggest cities have created open data portals although the disclosure of budgetary and financial datasets is limited. Municipalities have to make important efforts to comply with new demands and requirements for financial transparency. Measures should be taken to enhance transparency, particularly among medium and small municipalities. A definition of clear, structured, understandable and reusable information is needed in order to provide a common disclosure framework for public sector entities