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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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    File URL: http://hdl.handle.net/10.1080/09540960902891731
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    Citations

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    Cited by:

    1. 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.
    2. 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.
    3. repec:eee:spacre:v:16:y:2013:i:2:p:83-93 is not listed on IDEAS
    4. 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.
    5. 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.
    6. repec:bla:indrel:v:48:y:2017:i:1:p:72-93 is not listed on IDEAS
    7. 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, Open Access Journal, vol. 8(9), pages 1-18, September.

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