Financial Information Transparency of E-Government in Bandung City and its Effect on Public Trust

2020 ◽  
Vol 24 (02) ◽  
pp. 2957-2965
Author(s):  
Dini Arwati ◽  
Dini Verdania Latif
Keyword(s):  
Public Trust ◽  
Financial Information ◽  
Information Transparency

Information publicity and transparency of budget process in the consolidated territorial communities of Lvivska oblast: estimation and ways of improvement

2019 ◽  
pp. 46-52
Author(s):  
Olha Zhabynets
Keyword(s):  
Personal Responsibility ◽  
Local Level ◽  
Financial Information ◽  
Reform Process ◽  
Budget Process ◽  
Timely Manner ◽  
Public Authorities ◽  
Information Transparency ◽  
Key Indicator ◽  
Disclosure Of Information

In the process of decentralization in Ukraine, the information transparency of the management becomes important, which implies the openness and accessibility of information for all members of society. It reflects the current and perspective states of the reform process. Decentralization means not only a transferring of powers, but also financial resources and responsibilities from public authorities to local authorities. So the information publicity and transparency of the budget process should become the key indicator to estimate the effectiveness of the management of the finances of the consolidated territorial communities (CTCs). The purpose of the article is to evaluate and propose ways to increase the information publicity and transparency of the budget process at the local level. The author analyzes the implementation of the requirements of the Ukrainian legislation about informational publicity and transparency of the budget process in the CTCs of Lvivska oblast established in 2015-2017 and shows positive and negative moments in displaying of financial information on CTCs’ sites. A number of measures are proposed to increase the information publicity and transparency of the budget process at the local level. The author considers that in order to ensure publicity and transparency of the budget process in the CTCs of Lvivska oblast it is necessary: to unify and maximally simplify the mechanism of access of CTCs’ members to financial information through the standardization of the procedure for disclosure of information about the budget process; to increase the personal responsibility of the heads of the CTCs for the lack of financial information that is due to be published on the site of communities; to continuously monitor the availability and updating of information about the budget process on the CTCs’ sites in order to respond in a timely manner to the appearance of possible negative trends; to take preventive measures with the use of appropriate sanctions (fine, removal from office, etc.) in cases of delaying the submission of actual financial information to the site of CTCs, the disclosure of information in its entirety, the discovery of unreliability of financial information or other manipulations with figures or financial documents filed on CTCs’ website.

The impact of strategic deviance on analysts’ earnings forecasts: evidence from China

2019 ◽  
Vol 10 (3) ◽  
pp. 362-381
Author(s):  
Xiqiong He ◽  
Changping Yin
Keyword(s):  
Information Asymmetry ◽  
Corporate Strategy ◽  
Forecast Error ◽  
Environmental Uncertainty ◽  
Earnings Forecasts ◽  
Financial Information ◽  
Strategic Information ◽  
Content Type ◽  
Information Transparency ◽  
The Impact

Purpose The purpose of this paper is to explore the effect of firm’s deviant strategy on analysts’ earnings forecasts and further examine the effects of firm’s information transparency and environmental uncertainty on these relationships from information asymmetry perspective. Design/methodology/approach The sample includes listed firms on Shanghai and Shenzhen Stock Exchange during the period 2007-2013. Findings The results indicate that firms’ deviant strategies have effects on analysts’ earnings forecasts, in particular, firms with extreme strategies have less analysts following, larger forecast error and dispersion compared with firms following industry norms. Moreover, information transparency and environmental uncertainty have effects on the relationship between strategic deviance and analysts’ earnings forecasts. Practical implications The empirical results of this paper provide strong evidence that strategy information is an important source of information for analysts’ earnings forecasts, which shows that analysts should pay attention to not only financial information but also the strategic information, especially when the information is related to strategic choice. In addition, it is necessary for investors to focus on strategic information to have a better understanding on financial information of enterprises and make better investment decisions. Originality/value The findings of this study indicate that corporate strategic deviance has an effect on analysts’ earnings forecasting behavior. This study enriches research studies on corporate strategy and external stakeholders and complements related research on analysts’ earnings forecasts from strategic perspective and information asymmetry perspective.

scholarly journals DETERMINAN TRANSPARANSI INFORMASI KEUANGAN DAERAH MELALUI E- GOVERNMENT PEMERINTAH DAERAH DI SUMATERA SELATAN

2017 ◽  
Vol 13 (2) ◽  
Author(s):  
Verawaty Verawaty
Keyword(s):  
Local Government ◽  
Positive Association ◽  
Financial Information ◽  
Debt Ratio ◽  
Information Transparency ◽  
Statistical Results

ABSTRACT The purpose of this study was to analyze the association of Local Own Source Revenue, General Allocation Fund, Special Allocation Fund, and Debt Ratio as the determinants of the Local Government Financial Information Transparency. The population was all local government in South Sumatra. The statistical results showed that only Local Own Source Revenue showed the positive association to Financial Information Transparency. The study implication recommends that the local government must improve the implementation of e-government in order to enhance accounting transparency that they present in the website.

scholarly journals Firm supervisory board during pandemic

2021 ◽  
Vol 5 (S3) ◽  
pp. 873-881
Author(s):  
Arif Budi Satrio ◽  
Maria Kontesa
Keyword(s):  
Corporate Governance ◽  
Emerging Markets ◽  
Empirical Evidence ◽  
Supervisory Board ◽  
Public Trust ◽  
Financial Information ◽  
Investor Behavior ◽  
Repeated Testing ◽  
The Public ◽  
Good Corporate Governance

This study investigates public trust in the firm supervisory board, an essential indicator of good corporate governance in some literature. By using 474 non-financial entities in Indonesia during the COVID-19 pandemic and considering a number of firm fundamental factors, this study documents evidence of irrational investor behavior during the pandemic. Investors seem to panic and respond negatively to financial information. However, the public still believes in the independent supervisory board's contribution to the firm. This effect is getting stronger with the presence of an increasingly dominant supervisory board. These results are still robust during repeated testing. This empirical evidence is useful to regulators in emerging markets, industry, and academia.

scholarly journals Tingkat Kepercayaan Masyarakat terhadap Transparansi Keuangan dalam E Government Kota Bandung

2019 ◽  
Vol 5 (2) ◽  
pp. 66
Author(s):  
Dini Arwati ◽  
Dini Verdania Latif
Keyword(s):  
Public Administration ◽  
Research Method ◽  
Public Trust ◽  
Global Level ◽  
Information Transparency ◽  
Survey Results ◽  
Financial Transparency ◽  
The Government ◽  
High Level ◽  
Descriptive Method

The Indonesian government is currently trying to implement e government in every gov- ernment organization. E government is a system based on technology and information that aims to improve the functions of public administration and relations with the commu- nity. With the e-government, it is expected to create information transparency, especially financial information. A transparent system can prevent misuse of the budget, which has a high level of corruption. The survey results at the global level indicate that corruption cases have caused mistrust of the government. This study aims to determine the level of public trust in financial transparency in e government. The research method used was a descriptive method by distributing questionnaires to 200 Bandung residents. The results of the study indicate that financial transparency in e government has an effect on public trust.

scholarly journals Firm transparency and idiosyncratic risk

2017 ◽  
Vol 6 (3) ◽  
pp. 81 ◽  
Author(s):  
Hui-Cheng Yu ◽  
Mao-Feng Kao ◽  
Yi-Chang Chen ◽  
Bor-Yuan Tsai
Keyword(s):  
Social Science ◽  
Emerging Economies ◽  
Annual Report ◽  
Idiosyncratic Risk ◽  
Financial Information ◽  
Academic Press ◽  
Information Transparency ◽  
Empirical Results ◽  
Effective System

This study focuses mainly on whether information transparency can reduce a firm’s management risk. The unique variable of information transparency is drawn from the ‘Annual Report on China’s Companies’ Public Transparency’, which is published by the China Social Science Academic Press. The empirical results indicate that the firm’s management risk reduces when a firm discloses more related financial and non-financial information. That is to say, the greater the firm’s information transparency, the lower the firm’s management risk. Therefore, it is critical to establish an effective system to evaluate information transparency, in particular for emerging economies.

scholarly journals Transparency of Financial Information on Crowdfunding Platforms – A Prerequisite for Successful Funding Campaigns

2018 ◽  
Vol 24 (2) ◽  
pp. 37-42
Author(s):  
Mina Fanea-Ivanovici
Keyword(s):  
Moral Hazard ◽  
Qualitative Analysis ◽  
Necessary Conditions ◽  
Legal Framework ◽  
Fair Use ◽  
Financial Information ◽  
Information Transparency ◽  
Start Up ◽  
Social Causes

Abstract Crowdfunding, a relatively novel internet-based non-banking funding instrument for startups, innovative, creative or prosocial projects, implies that funders (donors or lenders) and fund seekers (project initiators) interact on a crowdfunding platform. The goal of fund seekers is to raise the necessary amount of money to finance their project, while donors are backers of business or research ideas, social causes or start-up companies. Existing research has proven that for a crowdfunding campaign to succeed, one condition is for the crowdfunding platform to provide the adequate technical functionalities that ensure sufficient financial information both during and after the campaign (such as how the money was used and how the money was returned if the project failed) but also the legal framework through a solid contract between the platform and the fund seeker that can prevent moral hazard of the latter. The purpose of this study is to perform a qualitative analysis of the active crowdfunding platforms in Romania in terms of financial information transparency and to determine whether they fulfil the necessary conditions to ensure fair use of donations by project initiators and distribution of reward to donors

Determining Factors of Transparency and Accountability in Local Governments: A Meta-Analytic Study

2015 ◽  
Vol 13 (2) ◽  
pp. 129-160 ◽  
Author(s):  
Laura Alcaide-Muñoz ◽  
Manuel Pedro Rodríguez Bolívar
Keyword(s):  
Financial Crisis ◽  
Local Governments ◽  
Information Disclosure ◽  
Meta Analysis ◽  
Financial Information ◽  
Key Factors ◽  
Information Transparency ◽  
Considerable Heterogeneity ◽  
Determining Factors ◽  
Economic And Financial Crisis

The importance granted to information transparency in improving the accountability of public administrations has become increasingly greater in recent years under a scenario of economic and financial crisis as a tool of control. Although academic studies are aimed at identifying the key factors underlying a higher level of economic-financial information disclosure by local governments, there exists considerable heterogeneity in the results obtained. In this sense, we have carried out a meta-analysis to validate previous empirical results, and highlight causes of the variations and contradictions identified. Our study shows the variables analysed to be positively associated with the disclosure of public financial information, but also that this depends on the context in which the research is carried out.

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