04177oam 22009374 450 991078841620332120230828232557.01-4623-8814-01-4519-8834-61-283-51214-91-4519-9323-49786613824592(CKB)3360000000443453(EBL)3014564(SSID)ssj0000940026(PQKBManifestationID)11502263(PQKBTitleCode)TC0000940026(PQKBWorkID)10948639(PQKB)10784955(OCoLC)694141282(MiAaPQ)EBC3014564(IMF)WPIEE2006204(EXLCZ)99336000000044345320020129d2006 uf 0engur|n|---|||||txtccrA Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries /Luc Leruth, Elisabeth PaulWashington, D.C. :International Monetary Fund,2006.1 online resource (45 p.)IMF Working Papers"September 2006."1-4518-6464-7 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. INTERPRETATION OF PEM UNDER THE PRINCIPAL-AGENT THEORY""; ""III. THE BASIC MODEL ""; ""IV. EX POST AUDITS""; ""V. EX ANTE CONTROLS""; ""VI. CONCLUSION""; ""REFERENCES""A well-functioning public expenditure management (PEM) system is considered a critical pillar of government efficiency, on par with a low-distortion tax system and efficient tax administration. The paper discusses PEM systems in developing countries using an analytical framework based on principal-agent theory. This simple model can be applied to various PEM systems, and allows for comparisons between institutional settings. To illustrate this, we analyze the benefits derived from the use by the Ministry of Finance (MoF) of two control instruments; ex post audits and ex ante controls, and assess their value in terms of their ability to deter cheating. We derive a set of possible "control regimes" which can be used by the MoF. Although we illustrate the use of the model using developing countries, it is also relevant to developed economies.IMF Working Papers; Working Paper ;No. 2006/204Government spending policyManagementDeveloping countriesExpenditures, PublicDeveloping countriesPublic FinanceimfTaxationimfAuditingimfTaxation, Subsidies, and Revenue: GeneralimfNational Government Expenditures and Related Policies: GeneralimfPublic AdministrationimfPublic Sector Accounting and AuditsimfManagement accounting & bookkeepingimfPublic finance & taxationimfExpenditureimfExternal auditimfInternal controlsimfTax incentivesimfExpenditures, PublicimfRevenueimfFranceimfGovernment spending policyManagementExpenditures, PublicPublic FinanceTaxationAuditingTaxation, Subsidies, and Revenue: GeneralNational Government Expenditures and Related Policies: GeneralPublic AdministrationPublic Sector Accounting and AuditsManagement accounting & bookkeepingPublic finance & taxationExpenditureExternal auditInternal controlsTax incentivesExpenditures, PublicRevenueLeruth Luc608957Paul Elisabeth907258DcWaIMFBOOK9910788416203321A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries3802298UNINA01785nam0 22004213i 450 UTO134355820251003044437.0155938339920220722d1991 ||||0itac50 baengusz01i xxxe z01nz01ncRDAcarrierˆ9: ‰Research in financea research annual1991Editor Andrew H. ChenGreenwich [CT]JAI Press Inc.1991VIII, p. 24024 cm.Research in financea research annual001RMS20783612001 Research in financea research annualEconomiaFIRCFIC000524EIMPRESE COMMERCIALIFIRMILC041645IPREVISIONI ECONOMICHEFIRMILC104427I658.151GESTIONE FINANZIARIA. CONTROLLO23Economia realeAttività economicheAspetti economiciPrevisioniEconomiaEconomiaEconomia realeEconomiaAttività economicheEconomiaAspetti economiciPrevisioni economichePrevisioniEconomiaChen, Andrew H.RMSV614992ITIT-00000020220722IT-BN0095 NAP 01POZZO LIB.Vi sono collocati fondi di economia, periodici di ingegneria e scienze, periodici di economia e statistica e altri fondi comprendenti documenti di economia pervenuti in dono. UTO1343558Biblioteca Centralizzata di Ateneo1 v. 01POZZO LIB.ECON MON 6849 0101 0700186295E VMA 1 v. (Precedente collocazione 18 Ec 629)B 2022072220220722 01Research in finance1214092UNISANNIO