Skip navigation
Skip navigation

The use of derivatives in a public sector setting

Brailsford, Tim; Heaney, R.A; Oliver, Barry


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]

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper


File Description SizeFormat Image
F0301.pdf220.85 kBAdobe PDFThumbnail
2647-~EY.XSH350 BUnknown

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator