Title: Determinants in the prevention of bad financial management: case study Republic of Kosovo

Authors: Gresa Mjaku; Abdylmenaf Bexheti

Addresses: Department of Management, Business and Economics, University Business and Technology (UBT) – Higher Education Institution, Pristine, Kosovo ' Department of the Economics and Business, Faculty of Economics and Business, South East European University, Republic of Macedonia

Abstract: The aim of this paper is to investigate the main determinants for preventing bad financial management in the public sector in the Republic of Kosovo. Therefore, public institutions and audit agencies in our country need to work more than ever before to promote law enforcement and fight against corruption. We employ primary data due to lack of secondary data, the data set includes a sample of 400 internal auditors, covering the entire auditory region in the Republic of Kosovo. An IV-GMM model is implemented to measure the impact of determinants in the public sector. The results show that the implementation of legal criteria, the independence of the internal auditor, skilled workers and those who have good relations with staff and clients, prevent mismanagement of financial management. Moreover, the results show that the implementation of recommendations by internal auditors has an impact on preventing bad financial management.

Keywords: control; auditing; managing; efficiency; governing public sector; Kosovo.

DOI: 10.1504/IJPSPM.2021.116376

International Journal of Public Sector Performance Management, 2021 Vol.7 No.4, pp.438 - 449

Received: 06 Jul 2019
Accepted: 16 Jul 2019
Published online: 22 Jul 2021 *

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