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Understanding financial resilience from a resource-based view: Evidence from US state governments

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  • Sungyoon Lee
  • Gang Chen

Abstract

To sustain government services in times of disruptions, it is important to enhance the financial resilience of the government. This study explains the relationship between an organization’s financial resilience and its financial, human, and political resources using the framework of the resource-based view theory (RBV). The results show that the effect of government resources on financial resilience differs depending on the type of resources. Overall, while it is found that an increase in financial and human resources positively relates to financial resilience, an abundance of political resources negatively relates to resilience; and these findings are evident in the short-run model.

Suggested Citation

  • Sungyoon Lee & Gang Chen, 2022. "Understanding financial resilience from a resource-based view: Evidence from US state governments," Public Management Review, Taylor & Francis Journals, vol. 24(12), pages 1980-2003, December.
  • Handle: RePEc:taf:rpxmxx:v:24:y:2022:i:12:p:1980-2003
    DOI: 10.1080/14719037.2021.1955951
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    Cited by:

    1. Hao Dong & Tao Li, 2023. "Climate Economics and Finance: A Literature Review," Climate Economics and Finance, Anser Press, vol. 1(1), pages 29-45, November.

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