Forms of government and municipal financial performance

Hakyeon Lee, Jinsol Park, J. S. Butler

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

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.

Original languageEnglish
Pages (from-to)311-320
Number of pages10
JournalPublic Money and Management
Volume43
Issue number4
DOIs
StatePublished - 2023

Bibliographical note

Publisher Copyright:
© 2021 Informa UK Limited, trading as Taylor & Francis Group.

Keywords

  • Chief administrative officer (CAO)
  • forms of government
  • incentive structure
  • local government
  • municipal bond ratings

ASJC Scopus subject areas

  • General Business, Management and Accounting
  • Sociology and Political Science
  • Public Administration

Fingerprint

Dive into the research topics of 'Forms of government and municipal financial performance'. Together they form a unique fingerprint.

Cite this