Forms of government and municipal financial performance
- Authors
- Lee, Hakyeon; Park, Jinsol; Butler, J. S.
- Issue Date
- May-2023
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Keywords
- Chief administrative officer (CAO); forms of government; incentive structure; local government; municipal bond ratings
- Citation
- PUBLIC MONEY & MANAGEMENT, v.43, no.4, pp 311 - 320
- Pages
- 10
- Journal Title
- PUBLIC MONEY & MANAGEMENT
- Volume
- 43
- Number
- 4
- Start Page
- 311
- End Page
- 320
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/63015
- DOI
- 10.1080/09540962.2021.1923168
- ISSN
- 0954-0962
1467-9302
- Abstract
- The authors examined the impact of municipal government structures on the bond ratings of municipalities in the USA. While their initial analysis suggested that the mayor-council system has a negative impact on municipal bond ratings, the application of Nelson and Svara's (2010) government typology demonstrated that the political influence of a mayor on the appointment of the chief administrative officer is a driving factor that negatively affects bond ratings, regardless of the government being a mayor-council or a council-manager form.
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Collections - College of Social Sciences > Department of Public Service > 1. Journal Articles
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