Mali Şeffaflık ile Yüksek Denetim Kurumlarının Bağımsızlığı ve Örgütlenme Yapılarının Mali Performans Üzerindeki Etkisi: Bir Panel Veri Analizi

Abstract

In this study, the effect of fiscal transparency, in other words the transparency of budget process which is the main criterion of good governance, on fiscal performance is examined. Furthermore, the impact of independence and organizational structure of supreme audit instutions (SAIs), which have main functions in enhancing fiscal transparency and auditing the budget execution as a part of the budgeting process, on fiscal performance are investigated. Accordingly, panel data analysis is employed for 85 countries over the period 2007-2013 to empirically reveal the effect of fiscal transparency together with the independence and organizational structure of Supreme Audit Instutions (SAIs) on fiscal performance. The results of the study are twofold. First; the public debt as the indicator of fiscal performance declines with the increase in fiscal transparency and SAIs’ independence. Second, there is no relation between organizational structure of SAIs and fiscal performance.