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Establishing Designed Financial Control: An Empirical Study On Urban Local Bodies In India Using Factor And Cluster Analysis

Author

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  • Sidhakam BHATTACHARYYA

    (National Institute of Technology, Durgapur, West Bengal, India)

  • Gautam BANDYOPADHYAY

    (National Institute of Technology, Durgapur, West Bengal, India)

Abstract

We have established in earlier study that our designed financial controls help the Indian ULBs (Urban Local Bodies) to increase recurrent surplus. Our further research, as described in this paper, reveals that the concept of designed controls conforms to the result of statistical techniques used. Nonparametric tests applied on the dataset allow us to proceed for application of multivariate techniques. Factor analysis divides the variables of revenue income and expenditure into two factors which are in conformity with the conceptual framework of the designed financial control. Regression analysis indicates strong association of financial controls (taking factor score as dependent variable) with the constituent variables (independent variables) and also of total revenues and total expenditure (dependent variable) with both the financial controls (taking factor scores as independent variables). We have also used cluster analysis approach to strengthen our views and result of this analysis agrees with the result of factor analysis.

Suggested Citation

  • Sidhakam BHATTACHARYYA & Gautam BANDYOPADHYAY, 2013. "Establishing Designed Financial Control: An Empirical Study On Urban Local Bodies In India Using Factor And Cluster Analysis," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 5(3), pages 5-20, September.
    • Handle: RePEc:rom:mrpase:v:5:y:2013:i:3:p:5-20
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    References listed on IDEAS

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    1. De Carvalho, Claudinê Jordão & Malaquias, Rodrigo Fernandes, 2012. "Internal Logistics, External Communication, Information Processing And Financial Control: An Analysis With Brazilian Micro And Small Enterprises," Journal of Operations and Supply Chain Management (JOSCM), Fundação Getulio Vargas, Escola de Administração de Empresas de São Paulo (FGV EAESP), vol. 5(1), June.
    2. Cziraky, Dario & Sambt, Joze & Rovan, Joze & Puljiz, Jaksa, 2006. "Regional development assessment: A structural equation approach," European Journal of Operational Research, Elsevier, vol. 174(1), pages 427-442, October.
    3. Shishir MATHUR, 2009. "Financing Community Facilities: A Case Study Of The Parks And Recreational General Obligation Bond Measure Of San Jose, California," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 4(2(11)), pages 34-49, May.
    4. Iman NOSOOHI & Ali ZEINAL - HAMADANI, 2011. "Urban Planning With The Aid Of Factor Analysis Approach: The Case Of Isfahan Municipality," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 6(1), pages 56-69, February.
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