|
The Economic Role of Governmental Accounting information in the Determination of Residential Property Values
Paul A. Copley, James Madison University
Edward B. Douthett, George Mason University
ABSTRACT. We examine residential property values and various financial and non-financial measures of government performance for Tennessee county governments during the eight year period ending 2001. We find that changes in home values are associated with the reported change in financial position of county governments. Further, we find that this association is affected by the growth of the county and the variance of the reported financial figure over time. In support of the GASB’s objective for government reporting of service efforts and accomplishments, we also find evidence that changes in home values are associated with non-financial measures of government performance. In sum, our results show that property values provide a means for evaluating the usefulness of both financial and non-financial disclosures of government performance.
Full-Text is no longer available online. Please contact the author(s) for more information about this manuscript.
Back to Session Listing
|