SYNOPSIS

Using a stated preference experiment, this study investigates the infrastructure reporting preferences of 103 public sector managers having experience with the use and interpretation of specialized infrastructure information. The results of the ordered mixed logit analysis indicate that public sector managers tend to choose more comprehensive and detailed financial and nonfinancial disclosures in circumstances where: the physical condition of the infrastructure is in a poor state of repair; governments may not be placing much priority on funding existing infrastructure; the financial costs to maintain infrastructure are high; infrastructure has high importance to service delivery; and government agencies have made significant investments in public infrastructure. The results of this study suggest that a blend of GASB and AASB requirements for infrastructure assets (i.e., condition assessments in combination with replacement costs) could enhance the overall usefulness of infrastructure information, especially among decision makers who make regular use of this information.

JEL Classifications: G18; M41; C90.

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