Government Reporting Timeliness and Municipal Credit Market Implications
Author(s) -
Trent Stanton Henke,
John J. Maher
Publication year - 2016
Publication title -
journal of governmental and nonprofit accounting
Language(s) - English
Resource type - Journals
ISSN - 2155-3815
DOI - 10.2308/ogna-51601
Subject(s) - government bond , government (linguistics) , bond market , bond , business , municipal bond , yield (engineering) , credit rating , capital market , bond credit rating , interpretation (philosophy) , financial market , finance , accounting , economics , financial system , actuarial science , monetary economics , credit risk , credit reference , linguistics , philosophy , materials science , computer science , metallurgy , programming language
Municipal governments are often very slow in producing and disclosing financial statements, with the average time for filing compulsory statements taking over twice as long as the SEC-mand...
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