Perceptions of performance in US financial regulatory programs
International Journal of Public Sector Management
ISSN: 0951-3558
Article publication date: 17 August 2012
Abstract
Purpose
The purpose of this paper is to analyze the accuracy of program performance measurement in US financial regulatory programs.
Design/methodology/approach
This research uses the US Government's Program Assessment Rating Tool (PART) system of output and outcome data collection, performance data from financial regulatory programs were examined to determine: if PART data revealed any degradation in external financial conditions or internal regulatory performance prior to the Great Recession of 2008, and whether output performance influenced outcome performance.
Findings
The results indicate that outcome measures did “capture” some deterioration in the performance of the financial industry before the Great Recession, but these measures were arguably not influenced by program outputs. This represents a potentially problematic use of performance measures in that programs used outcome measures which were not controlled by programmatic actions.
Originality/value
This project adds to a growing body of literature on the challenges of program performance measurement in government. However, this analysis is unique in that it specifically examines the performance of the US Government's financial regulatory programs, as measured by PART, before the Great Recession of 2008.
Keywords
Citation
Greitens, T.J. and Ernita Joaquin, M. (2012), "Perceptions of performance in US financial regulatory programs", International Journal of Public Sector Management, Vol. 25 No. 6/7, pp. 444-454. https://doi.org/10.1108/09513551211260621
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited