Assessing and Measuring the Fiscal Heath of Local Governments

Hendrick, Rebecca

doi:10.1177/1078087404268076

Cited by 236 publications

(298 citation statements)

References 20 publications

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“…Takový postup při hodnocení finanční situace obcí doporučují např. Hendrick (2004), Maher a Deller (2011), Clark (2015 nebo Stone a kol. (2015), což práce plně respektuje.…”

Section: Využití Metodiky a Indikátorů Obcemiunclassified

Indicators of financial stability for needs of municipalities

Szarowská¹,

Majerová²,

Šebestová³

2018

ČFÚČ

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Abstrakt:Finanční stabilita obcí je důležitým východiskem pro dlouhodobě udržitelný rozvoj a neúměrné zadlužení může generovat rizika pro jejich bezproblémové fungování. Ačkoli existuje řada metodik pro hodnocení finanční stability obcí, vycházejí obvykle z potřeb ústředních orgánů státní správy či zákonodárných institucí a nejsou používány pro finanční plánování a řízení. Cílem článku je vytvořit soustavu ukazatelů pro hodnocení finanční stability pro potřeby obcí, která využívá veřejně dostupné informace. Zvolené indikátory akcentují dva základní předpoklady krátkodobé i dlouhodobé rozpočtové rovnováhy a udržitelnosti financování. Konkrétně saldo běžného rozpočtu by vždy mělo být kladné a maximální dluhová služba by neměla převyšovat přebytek běžného rozpočtu. Soustava ukazatelů obsahuje 3 skupiny indikátorů: rozpočtového hospodaření (7 indikátorů), zadluženosti (8 indikátorů) a likvidity (3 indikátory). Pro každý indikátor je k dispozici jednoznačně definované a interpretovatelné hodnocení z hlediska finanční stability obce a možných rizik.

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“…Takový postup při hodnocení finanční situace obcí doporučují např. Hendrick (2004), Maher a Deller (2011), Clark (2015 nebo Stone a kol. (2015), což práce plně respektuje.…”

Section: Využití Metodiky a Indikátorů Obcemiunclassified

Indicators of financial stability for needs of municipalities

Szarowská¹,

Majerová²,

Šebestová³

2018

ČFÚČ

View full text Add to dashboard Cite

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“…In this sense, Wang et al [31] tried to measure financial condition, using four dimensions in cash, budget, long-run and service-level solvencies and eleven financial condition indicators. Similarly, Hendrick [30] and Rivenbark et al [28] presented a framework for assessing the financial health and financial condition of local governments, developed different indices for some dimensions of the framework. In addition, recent studies [27] have continued to analyze how to measure the financial sustainability.…”

Section: Dependent Variablementioning

confidence: 99%

“…Previous research has highlighted that the financial sustainability is a complex and multidimensional concept by definition [27][28][29][30][31]. In this sense, Wang et al [31] tried to measure financial condition, using four dimensions in cash, budget, long-run and service-level solvencies and eleven financial condition indicators.…”

Section: Dependent Variablementioning

confidence: 99%

“…In parallel, other studies have analyzed factors influencing the tax burden [24,25], and public debt [6,26]. Although to date, previous literature [27] highlighted the continuing effects of the economic crisis on the financial local governments health and some studies have tried to measure it [28][29][30][31], the analysis of the explanatory variables of financial sustainability of local governments requires more attention [2,32], especially about variables such as human capital, companies' developments, unemployment, economic level or population structure, which motivates the opportunity and interest of this study.…”

Section: Introductionmentioning

confidence: 99%

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Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

et al. 2016

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In many countries, the economic crisis brought high volumes of deficit and debt in public entities, which jeopardized the ability of governments to continue providing public services and caused considerable imbalances of economic growth in different regions. In this context, from the recognition of the linkage between economic development and efficiency in public management, previous research indicates that local governments are called to play a key role in promoting sustainable development through environment, economic and social policies based on financial sustainability of the public services. This paper aims to identify influencing factors on the financial sustainability of local governments, as an indicator of their capacity to maintain the delivery of public services over time. Based on a sample of 139 Spanish municipalities with large population for the period 2006-2014, our findings reveal the influence of variables such as the unemployment rate by sector, the dependent population, the immigrant population and the level of education of the population, on the financial sustainability in local governments, providing new useful knowledge to managers, policymakers, researchers and others stakeholders interested in the sustainability of public services.

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“…In some cases, both within academia and practice-oriented research, these terms are used interchangeably (Arnett 2012;Hendrick 2004). In fact, they are defined in numerous ways across different studies.…”

Section: Literature Reviewmentioning

confidence: 99%

Developing a Framework for Ranking State and Municipal Governments on Fiscal Sustainability

2015

EJSD

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Abstract:Fiscally distressed governments tend to draw public attention only amid prominent events like bankruptcy filings, credit downgrades, and serious service cuts. Ideally, before the situation became so severe, the public would be able to quickly assess a government's financial health, both individually and relative to peers. Recognizing the challenge of consistently assessing governments' fiscal health, we developed a uniquely broad data set and proxy measures of fiscal health. For more than 10,000 state and municipal governments in the United States, we extracted comparable data points from audited annual financial reports (FY 2008(FY -09 to 2013. We then calculated a budget balance ratio, an asset flexibility ratio, and a pension funding ratio, which we used to rank governments' relative performance. Previous work largely focused on state-and country-level comparisons of fiscal condition using limited samples due to restricted data availability and great variability in accuracy, particularly at the municipal level. These limitations restricted comparability across governments over time and geography. However, we successfully compiled a broad, multiyear public finance database that makes comparisons across thousands of American cities, counties, and state governments possible. Furthermore, our high-level framework of analysis illustrates a way to create simple, broadly applicable measures of municipal financial health.

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Assessing and Measuring the Fiscal Heath of Local Governments

Cited by 236 publications

References 20 publications

Indicators of financial stability for needs of municipalities

Indicators of financial stability for needs of municipalities

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

Developing a Framework for Ranking State and Municipal Governments on Fiscal Sustainability

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