Australian governments have granted differing levels of financial management authority and responsibility to their schools'exemplified in the largely decentralised Victorian and the largely centralised New South Wales (NSW) systems. To date insufficient consideration has been given to assessing the capacity of schools to actually manage their own finances and whether such capacity differs between centralised and decentralised systems. This paper reports on the financial management policies of two large regional high schools, one in Victoria and the other in NSW. Although these schools had been granted differing levels of financial management autonomy their financial management policies were found to be substantively similar. A potential explanation for this was subsequently found in the theory of institutions. Hypotheses from this theory are outlined and found to be supported by the research findings.
|Title of host publication||AFAANZ Conference 2005|
|Editors||Jenny Stewart, David Hay|
|Place of Publication||Melbourne, Australia|
|Number of pages||32|
|Publication status||Published - 2007|
|Event||Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference - Gold Coast, Queensland, Australia, Australia|
Duration: 01 Jul 2007 → 03 Jul 2007
|Conference||Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference|
|Period||01/07/07 → 03/07/07|
Baines, W. (2007). Common ground across the divide: financial management policies of schools in contrasting public education systems. In J. Stewart, & D. Hay (Eds.), AFAANZ Conference 2005 (pp. 1-32). AFAANZ.