The use of derivatives in a public sector setting
Brailsford, Tim; Heaney, R.A; Oliver, Barry
Description
Existing private sector models of derivative use do not readily translate into the public sector that faces the joint objectives of value maximisation and provision of a privately unprofitable mission good. This paper develops and tests a model explaining public sector derivative use in terms of budget discrepancy minimisation. Hypotheses are developed and tested using logistic regression over a sample of Australian Commonwealth Government entities. It is found that public sector derivative use...[Show more]
Collections | ANU Research Publications |
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Date published: | 2003 |
Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/42003 http://digitalcollections.anu.edu.au/handle/1885/42003 |
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File | Description | Size | Format | Image |
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F0301.pdf | 220.85 kB | Adobe PDF | ||
2647-~EY.XSH | 350 B | Unknown |
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