Dr Silvia Pazzi

Lecturer in Accounting and Finance

Contact details

  • Tel: +44 (0)116 294 4661
  • Email: sp505@le.ac.uk
  • Office: Room 0.51, Teaching Centre, Brookfield
  • Office hours: Mondays 10:00am - 12:00noon via Microsoft Teams

Personal details

I joined the University of Leicester in 2013. I received my undergraduate and master degrees in Business Administration at the University of Bologna, Forli Campus (Italy). In 2012, I completed my PhD in Business Administration (with specialisation in Accounting) at the University of Pisa (Italy). In 2014, I became Fellow of the Higher Education Academy and in 2015, I obtained my Postgraduate Certificate in Academic and Professional Practice.


  • MN7241 Financial Statement Analysis (MSc Finance)
  • MN7391 Financial Statements: Theory, Practice and Critique (MSc Accounting and Finance)
  • MN7244 Accounting Analysis and Valuation: Public and Private Sector (MSc Accounting and Finance)
  • BSc Accounting and Finance Dissertation Supervisor
  • Personal tutor

Administrative responsibilities

  • Programme leader for MSc Accounting and Finance
  • Programme Leader for MSc Management, Finance and Accounting


My research interests are in the areas of public sector accounting and accountability, NGO accountability, emancipatory accounting and counter accounting, financial reporting and analysis, accounting quality. The overarching theme is to investigate the production, the use and the consumption of accounting numbers in both their economic and social context.


November 2019 – October 2020 – Seedcorn Research Funding Scheme by BAFA (British Accounting and Finance Association) in cooperation with ACCA (the Association of Chartered Certified Accountants) and the HM Treasury. Project: “Accounting for trust in governmental reporting”. PI: Svetlova E.; CI: Pazzi S.; Amount awarded: £2,944

The project supports the HM Treasury’s efforts to enhance public trust in governmental reporting. It aims to investigate whether this can be achieved through better risk disclosure and accessibility, re-usability and presentation of accounting data. We presented preliminary findings of our research at the HM Treasury Users-Preparers Advisory Group (September 2020) and the Government Finance Function Festival (October 2020).

October 2017 – July 2018 - College Research Development Fund, University of Leicester. Project: “Shaping local government financial reporting: starting from the citizens”, PI: Pazzi S., CI: Svetlova E.; Amount awarded: £4,870

The project explores ways of enhancing public accountability and building up a dialogue between local authorities and citizens through open data initiatives. Drawing on the discussions around participatory budgeting, dialogical accounting, and emancipatory accounting the research contributes to current debates in public sector accounting on the purposes and users of financial reports. We particularly analyse the role of NGOs in empowering citizens and fostering transparency, civic participation and financial literacy. We presented the preliminary findings of our research at several research conferences.


Current Supervisions:

Past Supervision:

Ririen Setiati Riyanti – Thesis: Consequences of Bank Governance, Competition and Financial Crisis for Small Business Lending: Evidence from Indonesia (PhD awarded in October 2020)


Recent working papers and conference presentations

Pazzi, S. and Svetlova, E., (2020) Risk reporting and trust in the central government: assessment of the current practice and directions for future research, working paper presented at the SASE 2020 (Society for the Advancement of Socio-Economics).

Dias A. and Pazzi S., (2020) Equity Market Risk, Working Capital and Accruals Quality, working paper

Pazzi, S. and Svetlova, E. (2019) Vision, voice and legitimacy: A case of an Italian NGO, working paper presented at the conference Charities, non-profits and NGOs: (re)building trust and legitimacy at the CNPR, Queen’s University Belfast.

Pazzi, S. and Svetlova, E., (2019) NGOs, public accountability and educational engagement: The Case of Open Polis, working paper presented at the Research Day “Critical Perspectives on NGO Governance and Accountability”, University of Sheffield.

Pazzi, S. and Svetlova, E., (2018) Re-shaping and explaining local governments’ calculative practice. The Case of Open Bilanci, working paper presented at the New Public Sector Seminar “Calculative Practice and the Shaping of Public Service”, University of Edinburgh Business School.

Millo Y., Nie Z and Pazzi S., (2018) Trade credit and reverse trade credit in China, working paper

Pazzi S., Prior D., Tortosa-Ausina E., (2018) Government ownership and investment efficiency: The role of accounting information quality, working paper


Pazzi S., Tortosa-Ausina E., Duygun M., and Zambelli S., (2016) The cost efficiency of water utilities: when does public ownership matter? Local Government Studies, 42:6, 980-1003.

del Sordo C., Farneti F., Guthrie J., Pazzi S., and Siboni B., (2016) Social reports in Italian universities: disclosures and preparers’ perspective, Meditari Accountancy Research, Vol. 24 Issue: 1, pp.91-110.

Siboni, B., del Sordo, C., and Pazzi, S., (2013) Sustainability reporting in state universities: an investigation of Italian pioneering practices. International Journal of Social Ecology and Sustainable Development (IJSESD), 4(2), 1-15.

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Contact Details

School of Business
University of Leicester
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