Transparency as a Determinant of Local Financial Condition

Abstract

This study is an attempt to understand the importance of the broadcasting of information about the financial health of local governments. For this, a sample comprising the 110 most important Spanish cities has been used, for the period 2008–2010. Results show that transparency about local governments' actions improves their financial condition. If citizens know this information, the uncertainty over how the resources are used by leaders decreases, encouraging them to carry out efficient governance.

Relationships among Ethical Commitment, Ethical Climate, Sustainable Procurement Practices, and SME Performance: An PLS-SEM Analysis

“…The statistical results also provide evidence that TMEC leads to a higher level of SMEs' non-financial performance as well as supporting study hypothesis H 8 . This finding is firmly supported by previous studies [86][87][88] that indicate that ethical leadership performs an important role in boosting the firm's non-financial performance. The results of the statistical analysis also confirm that organizational EC has a significant impact on SMEs' financial as well as non-financial performance and support the fourth hypothesis (H 14 ) and fifteenth's hypothesis (H 15 ).…”

“…On the other hand, Somers [86] claimed that the ethical commitment of top management leads organizations towards high productivity. Another study claimed that ethical leadership can be a supportive source for management growth and competitive advantage through the development of overall quality [87]. In addition, Wang et al [88] stated that firms under ethical leadership are likely to achieve a more positive brand image because of their responsible business practices.…”