ROXAS, Hernan Banjo G
Economic accountability in the context of local governance in the Philippines : a structural equation modelling approach - Hong Kong : Universtity of Hong Kong, June 2009
The study posits that by virtue of the enabling role of local governments, the economic development of their locality must be at the core of their public accountability, which is referred to here as "economic accountability". Grouded on this idea of accountability, along with enabling theory and institutional theory, the study presents empirical evidence capacity to establish or adhere to formal institutional arrangements, has a direct impact on the entrepreneurial strategic posture and performance of local small and medium enterprises (SMEs) which are key players in local economic development. The results of the structural equation modelling support the view that institutional arrangements as manifestations of the enabling role city governments are positively associted with an entrepreneurial strategic posture of local firms, which consequently improves the firms'overall economic performance. Therefore, SME development in particular, and local economic development in general, should be part of the economic accountability of local governments in the Philippine context of local governance.
Economic accountability in the context of local governance in the Philippines : a structural equation modelling approach - Hong Kong : Universtity of Hong Kong, June 2009
The study posits that by virtue of the enabling role of local governments, the economic development of their locality must be at the core of their public accountability, which is referred to here as "economic accountability". Grouded on this idea of accountability, along with enabling theory and institutional theory, the study presents empirical evidence capacity to establish or adhere to formal institutional arrangements, has a direct impact on the entrepreneurial strategic posture and performance of local small and medium enterprises (SMEs) which are key players in local economic development. The results of the structural equation modelling support the view that institutional arrangements as manifestations of the enabling role city governments are positively associted with an entrepreneurial strategic posture of local firms, which consequently improves the firms'overall economic performance. Therefore, SME development in particular, and local economic development in general, should be part of the economic accountability of local governments in the Philippine context of local governance.
