The new public financial management in Malaysia

Purpose - This study focuses on the effectiveness of New Public Financial Management (NPFM) in Malaysia. Design/methodology/approach – The paper reviews the literature on the universality of NPFM, distinguishing between those arguing NPFM is universally applicable and those regarding it as situatio...

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Main Authors:	R. Stiles, David, Karbhari, Yusuf, Mohamad, Muslim Har Sani
Format:	Conference or Workshop Item
Language:	English
Published:	2006
Subjects:	HJ Public Finance HJ9701 Public accounting JA Political science (General)
Online Access:	http://irep.iium.edu.my/5410/ http://irep.iium.edu.my/5410/1/AM_Conf-_David-Yusuf-Muslim.pdf

id	iium-5410
recordtype	eprints
spelling	iium-54102012-02-09T06:58:06Z http://irep.iium.edu.my/5410/ The new public financial management in Malaysia R. Stiles, David Karbhari, Yusuf Mohamad, Muslim Har Sani HJ Public Finance HJ9701 Public accounting JA Political science (General) Purpose - This study focuses on the effectiveness of New Public Financial Management (NPFM) in Malaysia. Design/methodology/approach – The paper reviews the literature on the universality of NPFM, distinguishing between those arguing NPFM is universally applicable and those regarding it as situational. It then tests whether NPFM is appropriate outside western contexts, examining developments in the emerging country of Malaysia. Major surveys and in-depth interviews with senior managers in 131 government agencies explore perceptions about the effectiveness of NPFM. Findings – Although technical, socio-political and behavioral issues do arise, we find empirical support for a universalist thesis that NPFM is appropriate in this emerging context. Research limitations/implications – All limitations of qualitative research apply. Findings may not be transferable to other emerging contexts. Practical implications – Practitioners should ensure sufficient resources to train managers in new methods and interpreting information. A participative culture may reduce gaming behavior, as may measuring the results of activities rather than provision, and rewarding managers for savings. Implementation success depends on parliamentary will to honour appropriate and timely allocations and on the executive to oversee and monitor the process effectively. Originality/value – The study provides rare empirical evidence on the universalist debate in emerging countries; with no previous substantive studies existing of NPFM in Malaysia. It also challenges conventional wisdom on institutional voids, socio-cultural differences and competitive market environments, indicating NPFM may be appropriate in emerging contexts. 2006 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/5410/1/AM_Conf-_David-Yusuf-Muslim.pdf R. Stiles, David and Karbhari, Yusuf and Mohamad, Muslim Har Sani (2006) The new public financial management in Malaysia. In: 2006 Academy of Management Annual Meeting, 11-16 August 2006, Atlanta, Georgia, USA. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HJ Public Finance HJ9701 Public accounting JA Political science (General)
spellingShingle	HJ Public Finance HJ9701 Public accounting JA Political science (General) R. Stiles, David Karbhari, Yusuf Mohamad, Muslim Har Sani The new public financial management in Malaysia
description	Purpose - This study focuses on the effectiveness of New Public Financial Management (NPFM) in Malaysia. Design/methodology/approach – The paper reviews the literature on the universality of NPFM, distinguishing between those arguing NPFM is universally applicable and those regarding it as situational. It then tests whether NPFM is appropriate outside western contexts, examining developments in the emerging country of Malaysia. Major surveys and in-depth interviews with senior managers in 131 government agencies explore perceptions about the effectiveness of NPFM. Findings – Although technical, socio-political and behavioral issues do arise, we find empirical support for a universalist thesis that NPFM is appropriate in this emerging context. Research limitations/implications – All limitations of qualitative research apply. Findings may not be transferable to other emerging contexts. Practical implications – Practitioners should ensure sufficient resources to train managers in new methods and interpreting information. A participative culture may reduce gaming behavior, as may measuring the results of activities rather than provision, and rewarding managers for savings. Implementation success depends on parliamentary will to honour appropriate and timely allocations and on the executive to oversee and monitor the process effectively. Originality/value – The study provides rare empirical evidence on the universalist debate in emerging countries; with no previous substantive studies existing of NPFM in Malaysia. It also challenges conventional wisdom on institutional voids, socio-cultural differences and competitive market environments, indicating NPFM may be appropriate in emerging contexts.
format	Conference or Workshop Item
author	R. Stiles, David Karbhari, Yusuf Mohamad, Muslim Har Sani
author_facet	R. Stiles, David Karbhari, Yusuf Mohamad, Muslim Har Sani
author_sort	R. Stiles, David
title	The new public financial management in Malaysia
title_short	The new public financial management in Malaysia
title_full	The new public financial management in Malaysia
title_fullStr	The new public financial management in Malaysia
title_full_unstemmed	The new public financial management in Malaysia
title_sort	new public financial management in malaysia
publishDate	2006
url	http://irep.iium.edu.my/5410/ http://irep.iium.edu.my/5410/1/AM_Conf-_David-Yusuf-Muslim.pdf
first_indexed	2023-09-18T20:14:00Z
last_indexed	2023-09-18T20:14:00Z
_version_	1777407665785274368

The new public financial management in Malaysia

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