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 language | English |
|---|---|
| Pages (from-to) | 311-320 |
| Number of pages | 10 |
| Journal | Public Money and Management |
| Volume | 43 |
| Issue number | 4 |
| DOIs | |
| State | Published - 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