Budgetary solvency of Italian local governments: an assessment

被引：19

作者：

Bisogno, Marco ^{[1
]}

Cuadrado-Ballesteros, Beatriz ^{[2
]}

Santis, Serena ^{[3
]}

Citro, Francesca ^{[1
]}

机构：

[1] Univ Salerno, Dept Management & Innovat Syst, Fisciano, Italy

[2] Univ Salamanca, Multidisciplinary Inst Enterprises IME, Dept Management & Business Econ, Salamanca, Spain

[3] Univ Campania Luigi Vanvitelli, Dept Polit Sci, Campania, Italy

来源：

INTERNATIONAL JOURNAL OF PUBLIC SECTOR MANAGEMENT | 2019年 / 32卷 / 02期

关键词：

Financial condition; Indebtedness; Budgetary solvency; Current equilibrium; Financial autonomy; FINANCIAL CONDITION; FISCAL DISTRESS; PANEL-DATA; SYSTEM; ISRAEL; MODEL; DEBT;

D O I：

10.1108/IJPSM-11-2017-0328

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Purpose The purpose of this paper is to investigate budgetary solvency (BS) as a part of the financial condition of local governments (LGs), considering that the growing demand for public services is primarily affecting this variable. Design/methodology/approach The study investigates a sample of 132 Italian LGs with more than 50,000 inhabitants for the period 2005-2014. The authors obtain a set of indicators as proxies of BS, which serve as the dependent variable of a regression model aimed at testing several independent variables which the authors are interested in, namely, financial autonomy, current equilibrium, level of indebtedness and investments. Findings BS, as well as its three indicators-sustainability, flexibility and vulnerability-are positively related to financial autonomy and current equilibrium and negatively related to the level of indebtedness and investments.

引用

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页码：122 / 141

页数：20

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