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.
|Number of pages||10|
|Journal||Public Money and Management|
|State||Published - 2023|
Bibliographical notePublisher Copyright:
© 2021 Informa UK Limited, trading as Taylor & Francis Group.
- Chief administrative officer (CAO)
- forms of government
- incentive structure
- local government
- municipal bond ratings
ASJC Scopus subject areas
- Business, Management and Accounting (all)
- Sociology and Political Science
- Public Administration