Strategic public management for financial condition: Focus on fund balances of school districts

Kim, Soojin; Ryu, Sangyub

doi:10.1016/j.soscij.2017.02.002

Cited by 15 publications

(11 citation statements)

References 38 publications

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“…A closer analysis of institutional and political factors can also contribute to the development of research on local saving. Importantly, studies that link fiscal reserves and organizational performance, similar to the work on school districts by Kim and Ryu (2017), Meier and O'Toole (2009), and Moulick and Taylor (2017), can broaden our understanding of the role of fiscal reserves and other forms of slack in government performance. For example, Meier and O'Toole (2009) show that budgetary shocks in Texas school districts were absorbed without losses in student performance.…”

Section: Discussionmentioning

confidence: 89%

Toward a Theory of Fiscal Slack

Gorina¹,

Maher

Park

2019

Public Budgeting & Finance

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Though the fiscal slack literature has advanced over the past decade, more research is needed for a systematic understanding of the determinants and uses of fiscal reserves at the local level. This paper reviews theory and empirical evidence on the determinants of municipal fiscal reserves offers a conceptual framework for analyzing fiscal reserves accumulation and tests a series of hypotheses using a panel of 2007–2012 financial data for 145 U.S. cities from 21 states. Generalized least squares models show that unassigned general fund balances and unrestricted net assets are positively associated with general fund surpluses in the previous year and with local household incomes, while not being related to measures of fiscal risk, revenue effort, and voter characteristics. Overall, the findings suggest a relatively stronger influence of the capacity to save than the need to save on local fiscal reserves.

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Section: Discussionmentioning

confidence: 89%

Toward a Theory of Fiscal Slack

Gorina¹,

Maher

Park

2019

Public Budgeting & Finance

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“…This finding supports O'Toole Jr and Meier (1999) model, which proposed that an organization has inertia such that its current performance could almost always be predicted by its previous performance. This suggests that a lagged dependent variable can explain most of the variation in current performance, therefore leaving little room for other variables to explain the rest of the variation in the dependent variable (Kim and Ryu 2017). Thus, all variables that are statistically significant after controlling for the lagged dependent variable are meaningful in understanding the management performance grade of an organization.…”

Section: Resultsmentioning

confidence: 99%

Understanding the Role of Public Management and Organizational Stability in an Uncertain Environment: Evidence from Korean Public Corporations

Ryu

Kim

2021

Public Administration Review

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Theoretical discussions have emphasized the role of public management, and evidence from various contexts across the globe supports the positive link between public management and organizational outcomes. However, previous research has lacked a comprehensive approach to testing the management–performance link. Furthermore, less is known about the management–performance link in the Asian context. Using a formal model of public management, the present study examines the impacts of Moore's management strategies—managing upward, downward, and outward—on organizational performance. This study also investigates the moderating effect of procedural stability on the negative relationship between environmental uncertainty and organizational performance. Analyses of Korean public corporations partially confirmed the positive impacts of public management on the performance of Korean public corporations. Furthermore, a moderating effect of procedural stability was confirmed. Future studies are expected to comprehensively test the management–performance link.

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“…In terms of the Great Recession, variations in management choices generated different levels of fiscal recovery across local governments (Fudge, 2014). Recently, scholars have begun to emphasize the relationship between management strategies and financial condition (Jimenez, 2017;Kim and Ryu, 2017). Localities may adopt democratic management to provide citizens with participatory opportunities, expecting to legitimize their decisions and produce desired outputs and outcomes (Schmidt, 2013).…”

Section: Determinants Of Financial Conditionmentioning

confidence: 99%

"How Did Local Governments Recover Their Financial Condition? Lessons from Citizen Participation"

Park

2023

TRAS

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This study offers lessons for overcoming future economic crises by examining whether democratic management helped local governments recover their financial condition. During the Great Recession, local governments were forced to make painful decisions regarding increased taxes and user charges, and cuts in public services. Several case studies provide evidence that citizen participation allows localities to increase property taxes as well as cut public services. However, broader, systematic empirical research is lacking. This study found that local governments with participatory budgeting were more likely to improve their financial condition during the Great Recession. The results allow us to identify the role of citizens in fiscal decision-making, offering lessons on how local governments can overcome possible fiscal crises in the future.

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Strategic public management for financial condition: Focus on fund balances of school districts

Cited by 15 publications

References 38 publications

Toward a Theory of Fiscal Slack

Toward a Theory of Fiscal Slack

Understanding the Role of Public Management and Organizational Stability in an Uncertain Environment: Evidence from Korean Public Corporations

"How Did Local Governments Recover Their Financial Condition? Lessons from Citizen Participation"

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