IDEAS home Printed from https://ideas.repec.org/a/kap/ejlwec/v43y2017i1d10.1007_s10657-016-9534-3.html
   My bibliography  Save this article

Does (better) regulation really matter? Examining public financial management legislation in Greece

Author

Listed:
  • Georgia N. Kontogeorga

    (University of Patras)

Abstract

Greece is thought to suffer from weak implementation of the law, including weak legislative monitoring and enforcement, a situation that undermines confidence in the rule of law. In recent years, increasing importance has been given to better regulation, namely the improvement of the quality of legislation with regards to state functioning. The purpose of this article is to examine the contribution of better regulation in the compliance of public entities with budgetary laws and regulations. The survey was the first such study to be conducted in Greece, and distributed questionnaires to auditors of the Hellenic Court of Audit, which is the Supreme Audit Institution charged with the authority to conduct external auditing of public entities and their executives. The survey results have confirmed the sense of weakness mentioned above, as most respondents considered the existing legislative framework of public financial management to be unclear, a situation that deterred compliance. Improved law design is expected to ameliorate compliance by public sector bodies, which apparently violate the law more due to its ambiguity and complexity rather than to any deliberate intention. Therefore, non-compliance should be better addressed through simplification of regulations rather than coercive enforcement.

Suggested Citation

  • Georgia N. Kontogeorga, 2017. "Does (better) regulation really matter? Examining public financial management legislation in Greece," European Journal of Law and Economics, Springer, vol. 43(1), pages 153-166, February.
    • Handle: RePEc:kap:ejlwec:v:43:y:2017:i:1:d:10.1007_s10657-016-9534-3
    DOI: 10.1007/s10657-016-9534-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10657-016-9534-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10657-016-9534-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. repec:ces:ifodic:v:8:y:2010:i:1:p:14566912 is not listed on IDEAS
    2. Ajzen, Icek, 1991. "The theory of planned behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 179-211, December.
    3. International Monetary Fund, 2006. "Turkey: Report on the Observance of Standards and Codes-Fiscal Transparency Module," IMF Staff Country Reports 2006/126, International Monetary Fund.
    4. Kai Wegrich, 2010. "Governing "Better Regulation" in Europe: The Logic, Limits of and Prospects for a "Middle-aged" Reform Policy," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(1), pages 34-41, 04.
    5. International Monetary Fund, 2006. "Japan: Report on the Observance of Standards and Codes (ROSC)—Data Module," IMF Staff Country Reports 2006/115, International Monetary Fund.
    6. International Monetary Fund, 2006. "Gabon: Report on Observance of Standards and Codes: Fiscal Transparency Module," IMF Staff Country Reports 2006/388, International Monetary Fund.
    7. Anne Thurston, 2005. "Fostering Trust and Transparency Through Information Systems," World Bank Publications - Reports 11232, The World Bank Group.
    8. Tallberg, Jonas, 2002. "Paths to Compliance: Enforcement, Management, and the European Union," International Organization, Cambridge University Press, vol. 56(3), pages 609-643, July.
    9. International Monetary Fund, 2006. "Indonesia: Report on Observance of Standards and Codes: Fiscal Transparency Module," IMF Staff Country Reports 2006/330, International Monetary Fund.
    10. Kai Wegrich, 2010. "Governing "Better Regulation" in Europe: The Logic, Limits of and Prospects for a "Middle-aged" Reform Policy," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(01), pages 34-41, April.
    11. Mr. Ian Lienert, 2010. "Role of the Legislature in Budget Processes," IMF Technical Notes and Manuals 2010/004, International Monetary Fund.
    12. International Monetary Fund, 2006. "Dominican Republic: Report on the Observance of Standards and Codes (ROSC)—Data Module," IMF Staff Country Reports 2006/240, International Monetary Fund.
    13. International Monetary Fund, 2006. "Former Yugoslav Republic of Macedonia: Report on Observance of Standards and Codes: Fiscal Transparency Module," IMF Staff Country Reports 2006/282, International Monetary Fund.
    14. Ian Lienert, 2010. "Role of the Legislature in Budget Processes," IMF Technical Notes and Manuals 2010/04, International Monetary Fund.
    15. Ian Lienert, 2010. "Role of the Legislature in Budget Processes," IMF Technical Notes and Manuals 10/04, International Monetary Fund.
    16. Benjamin R Tukamuhabwa, 2012. "Antecedents and Consequences of Public Procurement Non-compliance Behavior," Journal of Economics and Behavioral Studies, AMH International, vol. 4(1), pages 34-46.
    17. International Monetary Fund, 2006. "Republic of Moldova: Report on the Observance of Standards and Codes (ROSC) Data Module," IMF Staff Country Reports 2006/104, International Monetary Fund.
    18. International Monetary Fund, 2006. "Paraguay: Report on the Observance of Standards and Codes (ROSC)—Data Module," IMF Staff Country Reports 2006/243, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Konstantinos Siassiakos & Georgios A. Papadopoulos & Evripidis P. Kechagias & Marina Kafasi, 2020. "The role and the perceived impact of fiscal audits, conducted by the Hellenic Court of Audit (HCA), towards the effectiveness and efficiency of Greek Public Organizations," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(3), pages 1-7.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ionel BOSTAN, 2016. "Considerations On Insufficient Legal Regulation Of Special Allocations Made By The Central Executive Authority," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 9(9), pages 119-124, June.
    2. Hoda El Enbaby & Hoda Selim, 2018. "Fiscal Outcomes in Bahrain: Oil Price Volatility, Fiscal Institutions or Politics?," Working Papers 1234, Economic Research Forum, revised 10 Oct 2018.
    3. Maria Andersson & Ola Eriksson & Chris Von Borgstede, 2012. "The Effects of Environmental Management Systems on Source Separation in the Work and Home Settings," Sustainability, MDPI, vol. 4(6), pages 1-17, June.
    4. Tran Huy Phuong & Thanh Trung Hieu, 2015. "Predictors of Entrepreneurial Intentions of Undergraduate Students in Vietnam: An Empirical Study," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(8), pages 46-55, August.
    5. Peng Cheng & Zhe Ouyang & Yang Liu, 0. "The effect of information overload on the intention of consumers to adopt electric vehicles," Transportation, Springer, vol. 0, pages 1-20.
    6. Alsalem, Amani & Fry, Marie-Louise & Thaichon, Park, 2020. "To donate or to waste it: Understanding posthumous organ donation attitude," Australasian marketing journal, Elsevier, vol. 28(3), pages 87-97.
    7. Benoît Lécureux & Adrien Bonnet & Ouassim Manout & Jaâfar Berrada & Louafi Bouzouina, 2022. "Acceptance of Shared Autonomous Vehicles: A Literature Review of stated choice experiments," Working Papers hal-03814947, HAL.
    8. Kristin Thomas & Evalill Nilsson & Karin Festin & Pontus Henriksson & Mats Lowén & Marie Löf & Margareta Kristenson, 2020. "Associations of Psychosocial Factors with Multiple Health Behaviors: A Population-Based Study of Middle-Aged Men and Women," IJERPH, MDPI, vol. 17(4), pages 1-17, February.
    9. Kamruzzaman, Md. & Baker, Douglas & Washington, Simon & Turrell, Gavin, 2013. "Residential dissonance and mode choice," Journal of Transport Geography, Elsevier, vol. 33(C), pages 12-28.
    10. Ficko, Andrej & Boncina, Andrej, 2013. "Probabilistic typology of management decision making in private forest properties," Forest Policy and Economics, Elsevier, vol. 27(C), pages 34-43.
    11. Muhammad Shahid Qureshi & Saadat Saeed & Syed Waleed Mehmood Wasti, 2016. "The impact of various entrepreneurial interventions during the business plan competition on the entrepreneur identity aspirations of participants," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-18, December.
    12. Szu‐Szu Ho & Rosie Stenhouse & Aisha Holloway, 2020. "Understanding HIV‐positive drug users’ experiences of taking highly active antiretroviral treatment: Identity–Values–Conscious engagement model," Journal of Clinical Nursing, John Wiley & Sons, vol. 29(9-10), pages 1561-1575, May.
    13. Alexandre Cabagnols & Ali Maâlej & Pierre Mauchand & Olfa Kammoun, 2022. "The determinants of entrepreneurial intention of scientist PhD students: analytical vs emotional formation of the intention," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 63-82, December.
    14. Diwanji, Vaibhav S. & Cortese, Juliann, 2020. "Contrasting user generated videos versus brand generated videos in ecommerce," Journal of Retailing and Consumer Services, Elsevier, vol. 54(C).
    15. Carlos Bazan, 2022. "Effect of the University’s Environment and Support System on Subjective Social Norms as Precursor of the Entrepreneurial Intention of Students," SAGE Open, , vol. 12(4), pages 21582440221, October.
    16. Nouman Khurram & Umair Saeed, 2015. "Factors Influencing the Intention of People to Use Islamic Banking: An Evidence from Lahore, Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(8), pages 411-418, August.
    17. Agneta Larsson & Mats Westerberg & Lena Karlqvist & Gunvor Gard, 2018. "Teamwork and Safety Climate in Homecare: A Mixed Method Study," IJERPH, MDPI, vol. 15(11), pages 1-12, November.
    18. Leonidas A. Zampetakis & Manolis Lerakis & Konstantinos Kafetsios & Vassilis S. Moustakis, 2016. "The moderating role of anticipated affective ambivalence in the formation of entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 815-838, September.
    19. Shuleski Darko & Radu Ioan & Anton Cristian Ioan & Crina Veronica Cristea, 2017. "Digital Transformation Approach for Improving Public Services Using Cloud Computing Technology. Case Study Bucharest, Romania," MIC 2017: Managing the Global Economy; Proceedings of the Joint International Conference, Monastier di Treviso, Italy, 24–27 May 2017,, University of Primorska Press.
    20. Nosheena Yasir & Nasir Mahmood & Hafiz Shakir Mehmood & Osama Rashid & An Liren, 2021. "The Integrated Role of Personal Values and Theory of Planned Behavior to Form a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 13(16), pages 1-21, August.

    More about this item

    Keywords

    Compliance; Better regulation; Public financial management system; Greece;
    All these keywords.

    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:ejlwec:v:43:y:2017:i:1:d:10.1007_s10657-016-9534-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.