Financial Distress and Italian Local Governments: Debating the national
                        special legislation on “deficiterietà strutturale” and “dissesto
                        finanziario”

Capalbo, Emma; Grossi, Giuseppe; lanni, Luca; Sargiacomo, Massimo

doi:10.5334/ssas.27

Cited by 4 publications

(2 citation statements)

References 4 publications

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“…As the Italian public administration has suffered financial difficulties in the last decades, experiencing fiscal stress [10], the focus here was focused on Italian local governments (ILGs), investigating a sample of 104 municipalities with more than 60,000 inhabitants for the year 2018. A regression model was implemented to test if several independent variables affect the financial sustainability.…”

Section: Introductionmentioning

confidence: 99%

The Demographic and Economic Determinants of Financial Sustainability: An Analysis of Italian Local Governments

Santis

2020

Sustainability

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The aim of this study was to analyze the influence of demographic and economic variables on financial sustainability in Italian local governments (ILGs). Many international organizations have highlighted the importance of pursuing financial sustainability, and identifying what the factors impacting financial sustainability are, allowing to manage risk and opportunities as well as to support the decision-making process better. A total of 104 ILGs with more than 60,000 inhabitants were investigated for the year 2018. The adjusted income statements served as the dependent variable of a regression model for testing several demographic and economic variables. The results showed that demographic factors did not influence financial sustainability while, regarding the economic variables, there was a negative influence of financial autonomy and positive influence of the level of indebtedness. These values indicate a pathological scenario where local governments pursue short-term strategies that will impact future generations.

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Section: Introductionmentioning

confidence: 99%

The Demographic and Economic Determinants of Financial Sustainability: An Analysis of Italian Local Governments

Santis

2020

Sustainability

View full text Add to dashboard Cite

show abstract

“…Calculative practices can reveal how vulnerable revenues are and how "rigid" and "sticky" expenditures are. Transfers from higher tiers of governments may have a redistributive as well as a restoring function (Capaldo et al, 2016) helping solve vertical and horizontal imbalances across territories by redistributing revenues from less to more affected areas or restoring missing or reduced local revenues. In the face of Covid-19 lockdowns and economic standstills, many central governments have supported LGs facing decreasing revenues because tax and tariff bases have shrunk (OECD, 2020).…”

Section: Theory and Methodsmentioning

confidence: 99%

Real-time crisis management: Testing the role of accounting in local governments

Padovani

Iacuzzi

2021

Journal of Accounting and Public Policy

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Municipalities and Excessive Debt: Local Insolvency Regimes as an Alternative to Bailouts?

Person

2021

Local Public Finance

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Financial Distress and Italian Local Governments: Debating the national special legislation on “deficiterietà strutturale” and “dissesto finanziario”

Cited by 4 publications

References 4 publications

The Demographic and Economic Determinants of Financial Sustainability: An Analysis of Italian Local Governments

The Demographic and Economic Determinants of Financial Sustainability: An Analysis of Italian Local Governments

Real-time crisis management: Testing the role of accounting in local governments

Municipalities and Excessive Debt: Local Insolvency Regimes as an Alternative to Bailouts?

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