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Developing an alert system for local governments in financial crisis

Author

Listed:
  • José Luis Zafra-Gómez
  • Antonio Manuel López-Hernández
  • Agustin Hernández-Bastida

Abstract

This article presents a new model which will show whether a local authority is heading for financial trouble. The model is simple for national audit bodies to use and provides an early warning of financial tensions allowing corrective action to be taken before there is a crisis.

Suggested Citation

  • José Luis Zafra-Gómez & Antonio Manuel López-Hernández & Agustin Hernández-Bastida, 2009. "Developing an alert system for local governments in financial crisis," Public Money & Management, Taylor & Francis Journals, vol. 29(3), pages 175-181, May.
    • Handle: RePEc:taf:pubmmg:v:29:y:2009:i:3:p:175-181
    DOI: 10.1080/09540960902891731
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    References listed on IDEAS

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    1. George Boyne & Gareth Enticott, 2004. "Are the 'Poor' Different? The Internal Characteristics of Local Authorities in the Five Comprehensive Performance Assessment Groups," Public Money & Management, Taylor & Francis Journals, vol. 24(1), pages 11-18.
    2. Rowena Jacobs & Maria Goddard, 2007. "How Do Performance Indicators Add Up? An Examination of Composite Indicators in Public Services," Public Money & Management, Taylor & Francis Journals, vol. 27(2), pages 103-110, April.
    3. Tony Cutler & Barbara Waine, 2003. "Advancing Public Accountability? The Social Services 'Star' Ratings," Public Money & Management, Taylor & Francis Journals, vol. 23(2), pages 125-128, April.
    4. Jane Broadbent, 2003. "Comprehensive Performance Assessment: The Crock of Gold at the End of the Performance Rainbow?," Public Money & Management, Taylor & Francis Journals, vol. 23(1), pages 5-8, January.
    5. George Boyne & Rachel Ashworth & Martin Powell, 2001. "Environmental Change, Leadership Succession and Incrementalism in Local Government," Journal of Management Studies, Wiley Blackwell, vol. 38(6), pages 859-878, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Paula Gomes Dos Santos & Fábio Albuquerque, 2023. "Does the Average Payment Period Play a Relevant Role in Explaining the Portuguese Municipalities’ Financial Distress?," Economies, MDPI, vol. 11(7), pages 1-22, July.
    2. Robbins Geraldine & Turley Gerard & McNena Stephen, 2016. "Benchmarking the financial performance of local councils in Ireland," Administration, Sciendo, vol. 64(1), pages 1-27, May.
    3. María Deseada López Subires & Laura Alcaide Muñoz & Andrés Navarro Galera & Manuel Pedro Rodríguez Bolívar, 2019. "The Influence of Socio-Demographic Factors on Financial Sustainability of Public Services: A Comparative Analysis in Regional Governments and Local Governments," Sustainability, MDPI, vol. 11(21), pages 1-18, October.
    4. Beatriz Cuadrado-Ballesteros & Noemí Mordán & Isabel-María García-Sánchez, 2014. "Is Local Financial Health Associated with Citizens’ Quality of Life?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(2), pages 559-580, November.
    5. Pérez López, Gemma & Plata Díaz, Ana María & Zafra Gómez, José L. & López Hernández, Antonio M., 2013. "Deuda viva municipal en un contexto de crisis económica: análisis de los factores determinantes y de las formas de gestión," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(2), pages 83-93.
    6. Olga V. Smirnova, 2017. "Flexible institutional arrangements and labour productivity: the case of transit industry in the United States," Industrial Relations Journal, Wiley Blackwell, vol. 48(1), pages 72-93, January.
    7. Serena Santis, 2020. "The Demographic and Economic Determinants of Financial Sustainability: An Analysis of Italian Local Governments," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    8. Mariola Kapidani, 2018. "Financial Condition Analysis of Municipal Units in Albania," MIC 2018: Managing Global Diversities; Proceedings of the Joint International Conference, Bled, Slovenia, 30 May–2 June 2018,, University of Primorska Press.
    9. Manuel Pedro Rodríguez Bolívar & Andrés Navarro Galera & Laura Alcaide Muñoz & María Deseada López Subires, 2016. "Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development," Sustainability, MDPI, vol. 8(9), pages 1-18, September.
    10. Bronić Mihaela & Stanić Branko & Prijaković Simona, 2022. "The Effects of Budget Transparency on the Budget Balances and Expenditures of Croatian Local Governments," South East European Journal of Economics and Business, Sciendo, vol. 17(1), pages 111-124, June.
    11. José L Zafra-Gómez & Ana María Plata-Díaz & Gemma Pérez-López & Antonio Manuel López-Hernández, 2016. "Privatisation of waste collection services in response to fiscal stress in times of crisis," Urban Studies, Urban Studies Journal Limited, vol. 53(10), pages 2134-2153, August.
    12. Cohen, Sandra & Doumpos, Michael & Neofytou, Evi & Zopounidis, Constantin, 2012. "Assessing financial distress where bankruptcy is not an option: An alternative approach for local municipalities," European Journal of Operational Research, Elsevier, vol. 218(1), pages 270-279.
    13. Lotta-Maria Sinervo, 2020. "Financial Sustainability of Local Governments in the Eyes of Finnish Local Politicians," Sustainability, MDPI, vol. 12(23), pages 1-16, December.
    14. Guyot, Alexis & Doumpos, Michael & Zopounidis, Constantin, 2016. "A novel multi-attribute benchmarking approach for assessing the financial performance of local governments: Empirical evidence from FranceAuthor-Name: Galariotis, Emilios," European Journal of Operational Research, Elsevier, vol. 248(1), pages 301-317.
    15. Maria Patricia Durango‐Gutiérrez & Juan Lara‐Rubio & Andrés Navarro‐Galera, 2023. "Analysis of default risk in microfinance institutions under the Basel III framework," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1261-1278, April.

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