Online information disclosure in Spanish municipal-owned enterprises: A study based on the compliance with transparency requirements

Abstract

Purpose- This paper examines the amount of online information reported by Spanish municipal-owned enterprises (MOEs) according to the legal requirements indicated in the Spanish Law 19/2013 on Transparency and Good Governance. In addition, we analyse how different variables can affect the extent of online information reported by such enterprises. Design/methodology/approach- To do this, we conducted a content analysis of the web pages of Spanish MOEs located in cities with more than 100.000 habitants, as well as those cities that are provincial capitals. To find information about these enterprises, we accessed the General Intervention Board of the State Administration (IGAE) webpage (http://www.igae.pap.minhafp.gob.es/sitios/igae/es-ES/Paginas/inicio.aspx). This sample was composed of 273 enterprises majority owned and controlled by local governments. Findings- The findings reveal that the amount of information reported by Spanish MOEs, in accordance with the legal requirements, is quite reduced. The most influential variables for explaining Spanish MOEs’s commitment to information disclosure are population size, political positioning of the local government and reputation. Originality/value- This study seeks to contribute to the scarce literature on mandatory transparency in the public sector as well as to reinforce the degree of compliance with requirements of information disclosure.