Financial returns from new public management: A New Zealand perspective
Luke, Belinda G. (2008) Financial returns from new public management: A New Zealand perspective. Pacific Accounting Review, 20(1), pp. 29-48.
Purpose - This paper considers the potential for profit under new public management, through a study of New Zealand's state-owned enterprises (SOEs).
Methodology/approach - 'Examination from the outside' involved analysis of financial data from 2001 to 2005 for the SOE sector. 'Inquiry from the inside' involved interviews with senior executives from 12 of the 17 SOEs operating in New Zealand.
Findings - Findings indicate the potential for SOEs as profitable government investments, with clear support for financial returns under NPM.
Research limitations/implications - While this study is limited to SOEs in New Zealand, it provides valuable insight into one country’s SOE sector, and offers a platform for similar studies in other countries. Strong financial returns from several SOEs highlight the potential for SOEs as valuable investments, and an important alternative to traditional sources of government funding. However, variations noted in the financial returns of individual SOEs also indicate profitable and commercial operations may not be possible in all cases.
Originality/value of paper - The value of this paper lies in the combination of quantitative and qualitative data, to provide insight not only into SOEs' financial performance, but also the operational and strategic issues underlying that performance.
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|Item Type:||Journal Article|
|Keywords:||financial returns, new public management, state, owned enterprises|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
|Copyright Owner:||Copyright 2008 Emerald|
|Copyright Statement:||Reproduced in accordance with the copyright policy of the publisher.|
|Deposited On:||19 Aug 2008|
|Last Modified:||29 Feb 2012 23:41|
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