Análise do impacto da divulgação de fiscalizações públicas no crescimento econômico dos municípios brasileiros
DOI:
https://doi.org/10.5007/2175-8069.2022.e82172Palavras-chave:
Divulgação, Política Fisca, Crescimento EconômicoResumo
A divulgação de resultados de fiscalizações por órgãos públicos de controle tem potencial para causar impactos na gestão pública. Como havia uma lacuna nas consequências econômicas da atuação desses órgãos, esta pesquisa utilizou o caso brasileiro para verificar em que medida o efeito da divulgação dos relatórios de fiscalização afeta a dinâmica econômica dos governos locais. Usando dados de municípios brasileiros, modelos de painel foram estimados para verificar o impacto dos vários tipos de divulgação de resultados de fiscalizações públicas sobre o crescimento econômico municipal. Os resultados mostram que a divulgação de relatórios contendo falhas críticas afetou negativamente a economia dos municípios brasileiros. Esses resultados contribuem para o debate a respeito da atuação desses órgãos de controle. No campo da contabilidade, os resultados aqui apresentados têm potencial para impactar as normas, procedimentos de fiscalização pública e sua relação com os seus auditados, de forma a mitigar efeitos econômicos adversos.
Referências
Acemoglu, D., Moscona, J., & Robinson, J. A. (2016). State capacity and american technology: evidence from the nineteenth century. American Economic Review, 106(5), 61–67. https://doi.org/10.1257/aer.p20161071
Adi Yuniarta, G., & Gusti Ayu Purnamawati, I. (2020). Key elements of local government transparency in new public governance. Problems and Perspectives in Management. https://doi.org/10.21511/ppm.18(4).2020.09
Aschauer, D. A. (1989). Is public expenditure productive? Journal of monetary economics, 23(2), 177–200. https://doi.org/10.1016/0304-3932(89)90047-0
Ashbaugh, H., LaFond, R., & Mayhew, B. W. (2003). Do nonaudit services compromise auditor independence? further evidence. The accounting review, 78(3), 611–639. https://doi.org/10.2308/accr.2003.78.3.611
Avis, E., Ferraz, C., & Finan, F. (2018). Do government audits reduce corruption? Estimating the impacts of exposing corrupt politicians. Journal of Political Economy, 126(5), 1912-1964. https://doi.org/10.1086/699209
Barro, R. J. (1990). Government spending in a simple model of endogeneous growth. Journal of political economy, 98(5, Part 2), S103–S125. https://doi.org/10.1086/261726
Barro, R. J. (1991). Economic growth in a cross section of countries. The quarterly journal of economics, 106(2), 407–443. https://doi.org/10.2307/2937943
Bessho, S., & Ogawa, H. (2015, 11 1). Fiscal adjustment in japanese municipalities. Journal of Comparative Economics, 43(4), 1053–1068. https://doi.org/10.1016/j.jce.2014.10.007
Bhattacharya, P., Mukherjee, V. (2020). Red Tape, Corruption and ICT. In: Maiti, D., Castellacci, F., Melchior, A. (eds) Digitalisation and Development. Springer, Singapore. https://doi.org/10.1007/978-981-13-9996-1_13
Blinder, A. S., & Watson, M. W. (2016). Presidents and the us economy: An econometric exploration. American Economic Review, 106(4), 1015–45. https://doi.org/10.1257/aer.20140913
Bogoni, N. M., Hein, N., & Beuren, I. M. (2011). Análise da relação entre crescimento econômico e gastos públicos nas maiores cidades da região sul do brasil. Revista de Administração Pública, 45(1), 159 - 179. https://doi.org/10.1590/S0034-76122011000100008
Breusch, T. S., & Pagan, A. R. (1980). The lagrange multiplier test and its applications to model specification in econometrics. The review of economic studies, 47(1), 239–253. https://doi.org/10.2307/2297111
Brollo, F. (2008). Who is punishing corrupt politicians: voters or the central government? evidence from the brazilian anti-corruption program (Tech. Rep.). IGIER working paper.
Brollo, F., & Troiano, U. (2016). What happens when a woman wins an election? evidence from close races in brazil. Journal of Development Economics, 122, 28 - 45. https://doi.org/10.1016/j.jdeveco.2016.04.003
Buettner, T. (2009). The contribution of equalization transfers to fiscal adjustment: Empirical results for german municipalities and a us–german comparison. Journal of Comparative Economics, 37(3), 417 - 431. https://doi.org/10.1016/j.jce.2009.04.007
Buettner, T., & Wildasin, D. E. (2006). The dynamics of municipal fiscal adjustment. Journal of Public Economics, 90(6), 1115 - 1132. https://doi.org/10.1016/j.jpubeco.2005.09.002
Chen, B., & Feng, Y. (2000). Determinants of economic growth in china: Private enterprise, education, and openness. China Economic Review, 11(1), 1 - 15. https://doi.org/10.1016/S1043-951X(99)00014-0
Chen, K. Y., Lin, K.-L., & Zhou, J. (2005). Audit quality and earnings management for taiwan ipo firms. Managerial Auditing Journal, 20(1), 86–104. https://doi.org/10.1108/02686900510570722
Chen, Q., Jiang, X., & Zhang, Y. (2018). The effects of audit quality disclosure on audit effort and investment efficiency. The Accounting Review , 94(4), 189-214. https://doi.org/10.2308/accr-52286
Choi, I. (2001). Unit root tests for panel data. Journal of International Money and Finance, 20(2), 249 - 272. https://doi.org/10.1016/S0261-5606(00)00048-6
Cordery, C. J., & Hay, D. (2019). Supreme audit institutions and public value: Demonstrating relevance. Financial Accountability & Management, 35(2), 128-142. https://doi.org/10.1111/faam.12185
Degenhart, L., Vogt, M., & da Silva Zonatto, V. C. (2016). Influência dos gastos públicos no crescimento econômico dos municípios da região sudeste do brasil. REGE - Revista de Gestão, 23(3), 233 - 245. https://doi.org/10.1016/j.rege.2016.06.005
Demetrescu, M., Hassler, U., & Tarcolea, A. (2006). Combining significance of correlated statistics with application to panel data. Oxford Bulletin of Economics and Statistics, 68(5), 647-663. https://doi.org/10.1111/j.1468-0084.2006.00181.x
Dennis, S. A., Griffin, J. B., & Zehms, K. M. (2018). The value relevance of managers’ and auditors’ disclosures about material measurement uncertainty. The Accounting Review, 94(4), 215–243. https://doi.org/10.2308/accr-52272
Devarajan, S., Swaroop, V., & Zou, H.-f. (1996). The composition of public expenditure and economic growth. Journal of monetary economics, 37(2), 313–344. https://doi.org/10.1016/S0304-3932(96)90039-2
Espahbodi, R., & Espahbodi, H. (2019). The impact on stock prices of deferral and elimination of internal control audit requirement for small firms. Journal of Contemporary Accounting & Economics, 15(2), 158–166. https://doi.org/10.1016/j.jcae.2019.04.002
Ferraz, C., & Finan, F. (2008). Exposing corrupt politicians: The effects of brazil’s publicly released audits on electoral outcomes*. The Quarterly Journal of Economics, 123(2), 703- 745. https://doi.org/10.1162/qjec.2008.123.2.703
Ferraz, C., & Finan, F. (2011). Electoral accountability and corruption: Evidence from the audits of local governments. American Economic Review, 101(4), 1274-1311. https://doi.org/10.1257/aer.101.4.1274
Ferraz, C., Finan, F., & Moreira, D. B. (2012). Corrupting learning: Evidence from missing federal education funds in brazil. Journal of Public Economics, 96(9), 712 - 726. https://doi.org/10.1016/j.jpubeco.2012.05.012
Francis, J. R., & Ke, B. (2006). Disclosure of fees paid to auditors and the market valuation of earnings surprises. Review of Accounting Studies, 11(4), 495–523. https://doi.org/10.1007/s11142-006-9014-z
Francis, J. R., Maydew, E. L., & Sparks, H. C. (1999). The role of big 6 auditors in the credible reporting of accruals. Auditing: a Journal of Practice & theory, 18(2), 17–34. https://doi.org/10.2308/AUD.1999.18.2.17
Frankel, R. M., Johnson, M. F., & Nelson, K. K. (2001). Auditor independence and earnings quality. Graduate School of Business, Stanford University.
Geiger, M. A., & Kumas, A. (2018). Anticipation and reaction to going-concern modified audit opinions by sophisticated investors. International Journal of Auditing, 22(3), 522–535. https://doi.org/10.1111/ijau.12135
Gerayli, M. S., Yanesari, A. M., & Ma’atoofi, A. R. (2011). Impact of audit quality on earnings management: evidence from iran. International Research Journal of Finance and Economics, 66(1), 77–84. ISSN 1450-2887.
Glaeser, E. L., Scheinkman, J., & Shleifer, A. (1995). Economic growth in a cross-section of cities. Journal of Monetary Economics, 36(1), 117 - 143. https://doi.org/10.1016/0304-3932(95)01206-2
Gustavson, M., & Sundström, A. (2018). Organizing the audit society: Does good auditing generate less public sector corruption?. Administration & Society, 50(10), 1508-1532. https://doi.org/10.1177/0095399716674306
Hammersley, J. S., Myers, L. A., & Shakespeare, C. (2008). Market reactions to the disclosure of internal control weaknesses and to the characteristics of those weaknesses under section 302 of the sarbanes oxley act of 2002. Review of Accounting Studies, 13(1), 141–165. https://doi.org/10.1007/s11142-007-9046-z
Hasan, I., Wachtel, P., & Zhou, M. (2009). Institutional development, financial deepening and economic growth: Evidence from china. Journal of Banking & Finance, 33(1), 157 - 170. (The Financial Market in China: Issues Related to the Asia Pacific Region, the Financial Services Industry and Corporate Governance). https://doi.org/10.1016/j.jbankfin.2007.11.016
Hausman, J. A. (1978). Specification tests in econometrics. Econometrica: Journal of the econometric society, 1251–1271. https://doi.org/10.2307/1913827
Iimi, A. (2005). Decentralization and economic growth revisited: an empirical note. Journal of Urban Economics, 57(3), 449 - 461. https://doi.org/10.1016/j.jue.2004.12.007
Kneller, R., Bleaney, M. F., & Gemmell, N. (1999). Fiscal policy and growth: evidence from OECD countries. Journal of Public Economics, 74(2), 171–190. https://doi.org/10.1016/S0047-2727(99)00022-5
Krishnan, G. V. (2003). Audit quality and the pricing of discretionary accruals. Auditing: A journal of practice & theory, 22(1), 109–126. https://doi.org/10.2308/aud.2003.22.1.109
Koval, V., Nazarova, K., Hordopolov, V., Kopotiienko, T., Miniailo, V., & Diachenko, Y. (2019). Audit in the state economic security system. Management Theory and Studies for Rural Business and Infrastructure Development, 41(3), 419-430. https://doi.org/10.15544/mts.2019.34
La Rosa, F., Caserio, C., & Bernini, F. (2019). Corporate governance of audit firms: Assessing the usefulness of transparency reports in a europe-wide analysis. Corporate Governance: An International Review, 27(1), 14–32. https://doi.org/10.1111/corg.12235
Lewis, B. D., & Hendrawan, A. (2019). The impact of majority coalitions on local government spending, service delivery, and corruption in Indonesia. European Journal of Political Economy, 58, 178-191. https://doi.org/
Mauro, P. (1995). Corruption and Growth. The Quarterly Journal of Economics, 110(3), 681–712. https://doi.org/10.2307/2946696
Mendoza, E. G., Milesi-Ferretti, G. M., & Asea, P. (1997). On the ineffectiveness of tax policy in altering long-run growth: Harberger’s superneutrality conjecture. Journal of Public Economics, 66(1), 99–126. https://doi.org/10.1016/S0047-2727(97)00011-X
Michener, G., Contreras, E., & Niskier, I. (2018). From opacity to transparency? Evaluating access to information in brazil five years later. Revista de Administração Pública, 52(4), 610-629. https://doi.org/10.1590/0034-761220170289
Mondo, B. V. (2016). Measuring political corruption from audit results: a new panel of brazilian municipalities. European Journal on Criminal Policy and Research, 22(3), 477–498. https://doi.org/10.1007/s10610-016-9306-1
Nogueira, S. P., & Jorge, S. M. F. (2017). The perceived usefulness of financial information for decision making in Portuguese municipalities: The importance of internal control. Journal of Applied Accounting Research. https://doi.org/10.1108/JAAR-05-2014-0052
Nor, W., Hudaya, M., & Novriyandana, R. (2019). Financial statements disclosure on Indonesian local government websites: A quest of its determinant (s). Asian Journal of Accounting Research, 4(1). https://doi.org/10.1108/AJAR-06-2019-0043
Nunn, N., & Qian, N. (2014). Us food aid and civil conflict. American Economic Review, 104(6), 1630–66. https://doi.org/10.1257/aer.104.6.1630
Oh, Y., & Lee, K. (2022). External control mechanisms and red tape: Testing the roles of external audit and evaluation on red tape in quasi-governmental organizations. International Review of Administrative Sciences, 88(2), 355-372. https://doi.org/10.1177/0020852320974097
Quigley, J. M. (1998, June). Urban diversity and economic growth. Journal of Economic Perspectives, 12(2), 127-138. https://doi.org/10.1257/jep.12.2.127
Ram, R. (1986). Government size and economic growth: A new framework and some evidence from cross-section and time-series data. The American Economic Review, 76(1), 191–203.
Raupp, F. M., & de Pinho, J. A. G. (2016). Review of passive transparency in brazilian city councils. Revista de Administração Pública, 51(3), 288 - 298. https://doi.org/10.1016/j.rausp.2016.02.001
Rebelo, S. (1991). Long-run policy analysis and long-run growth. Journal of political Economy, 99(3), 500–521. https://doi.org/10.1086/261764
Reichborn-Kjennerud, K. (2013). Political accountability and performance audit: the case of the auditor general in norway. Public Administration, 91(3), 680–695. https://doi.org/10.1111/padm.12025
Rodrigues, R. V., & Teixeira, E. C. (2010). Gasto público e crescimento econômico no brasil: uma análise comparativa dos gastos das esferas de governo. Revista Brasileira de Economia, 64(4), 423 - 438. https://doi.org/10.1590/S0034-71402010000400005
Romer, P. M. (1986). Increasing returns and long-run growth. Journal of political economy, 94(5), 1002–1037. https://doi.org/10.1086/261420
Solow, R. M. (1956). A contribution to the theory of economic growth. The quarterly journal of economics, 70(1), 65–94. https://doi.org/10.2307/1884513
Solé-Ollé, A., & Sorribas-Navarro, P. (2008). The effects of partisan alignment on the allocation of intergovernmental transfers. differences-in-differences estimates for spain. Journal of Public Economics, 92(12), 2302 - 2319. (New Directions in Fiscal Federalism). https://doi.org/10.1016/j.jpubeco.2007.06.014
Stansel, D. (2005). Local decentralization and local economic growth: A cross-sectional examination of us metropolitan areas. Journal of Urban Economics, 57(1), 55 - 72. https://doi.org/10.1016/j.jue.2004.08.002
Swan, T. W. (1956). Economic growth and capital accumulation. Economic record, 32(2), 334–361. https://doi.org/10.1111/j.1475-4932.1956.tb00434.x
Timmons, J. F., & Garfias, F. (2015). Revealed corruption, taxation, and fiscal accountability: Evidence from brazil. World Development, 70, 13 - 27. https://doi.org/10.1016/j.worlddev.2014.12.011
Vargas, G.A., & Schlutz, D. (2016). Opening Public Officials’ Coffers: A Quantitative Analysis of the Impact of Financial Disclosure Regulation on National Corruption Levels. European Journal on Criminal Policy and Research, 22, 439-475. https://doi.org/10.1007/s10610-016-9320-3
White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48(4), 817–838. https://doi.org/10.2307/1912934
Zamboni, Y., & Litschig, S. (2018). Audit risk and rent extraction: Evidence from a randomized evaluation in brazil. Journal of Development Economics, 134, 133–149. https://doi.org/10.1016/j.jdeveco.2018.03.008
Zhao, W., Wang, L., Ning, X., Ju, L., & Mu, Y.A. (2022). The Moderating Role of Corruption in the Inverted U-Shaped Relationship Between Red Tape and Private Investment in PPP Projects: Evidence From Developing Countries. IEEE Transactions on Engineering Management, 69, 2361-2373. https://doi.org/10.1109/TEM.2020.3013381
Downloads
Publicado
Como Citar
Edição
Seção
Licença
Os Direitos Autorais para artigos publicados neste periódico são do autor, com direitos de primeira publicação para a Revista. Em virtude de aparecerem nesta Revista de acesso público, os artigos são de uso gratuito, com atribuições próprias, em aplicações educacionais, de exercício profissional e para gestão pública. A Revista adotou a licença Creative Commons Atribuição 4.0 Internacional - CC BY NC ND. Esta licença permite acessar, baixar (download), copiar, imprimir, compartilhar, reutilizar e distribuir os artigos desde que com a citação da fonte, atribuindo os devidos créditos de autoria. Nesses casos, nenhuma permissão é necessária por parte dos autores ou dos editores. Autores têm autorização para assumir contratos adicionais separadamente, para distribuição não-exclusiva da versão do trabalho publicada nesta revista (ex.: publicar em repositório institucional ou um capítulo de livro).
Esta obra está licenciada sob uma Licença Creative Commons.
