Disclosure of information and transparency in public-private partnerships: a comparative study between Portugal and the UK

Luís Cracel Viana*, José António C. Moreira, Paulo Alves

*Autor correspondente para este trabalho

Resultado de pesquisarevisão de pares

Resumo

This paper studies the adequacy of financial and non-financial disclosures in the government’s consolidated annual report for political accountability of public-private partnerships (PPPs). The empirical evidence from the comparative study shows that neither the UK nor Portugal complies with the information needs of the parliament because several disclosures deemed necessary for the functioning of the political accountability relationship are missing. Furthermore, in the case of Portugal, resource dependence and coercive institutional pressures related to the financial bailout during the sovereign debt crisis justify the increase in the level of disclosures. Such evidence also suggests that a comprehensive external reporting framework for PPPs in their post-procurement phase should be devised. The results present novel evidence concerning public sector accounting comparative studies by focusing on specific transactions and may have important implications for policymakers regarding the design of the disclosures deemed necessary.
Idioma originalEnglish
RevistaAccounting in Europe
DOIs
Estado da publicaçãoAccepted/In press - 8 jul 2022

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