Financial Sustainability

Sustainability issues such as the threat of climate change, biodiversity, resource depletion and the recent global financial crisis, question the financial sustainability of many business models, including those of government agencies. Sustainable development requires entities – both public and private - to adhere to principles of sustainable development through economic efficiency, social equity and environmental accountability. Stakeholder engagement, environmental management systems, reporting and disclosure and life cycle analysis are examples of best practices that foster sustainable development. To date, the corporate sector offers the most successful models of business sustainability, especially successful models of financial sustainability. However, public sector entities, especially government agencies around the globe are yet to establish appropriate business sustainability practices, especially financial sustainability practices. The situation has become more complicated as a result of the recent global financial crisis. Many government agencies are now experiencing revenue constraints.

Consistent with its vision to study the practices of governance encompassing public policy, management and delivery, ANZSIG has established a research theme on financial sustainability led by Associate Professor Monir Mir. The research theme will focus on measurement and control issues arising from the sustainability practices of Australian government agencies and will explore the ability of Australian government agencies to meet their service delivery and financial commitments both now and in the future. The research theme will seek to identify the information necessary to meet user needs, as well as explore the presentation of information on long-term financial sustainability by government agencies. The research theme will also support higher degree research students interested in undertaking research in these areas.
 

Program Convenor
 

Associate Professor Monir Mir Social and political aspects of accounting; critical analysis of the role of accounting technologies in public sector reform initiatives, accounting in developing countries, and accounting education.view profile
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