What can increase the default risk in local governments? (Record no. 51799)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01860naa a2200217uu 4500 |
| 001 - CONTROL NUMBER | |
| control field | 7080110210849 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211181857.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 170801s2017 xx ||||gr |0|| 0 eng d |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | GALERA, Andrés Navarro |
| 9 (RLIN) | 39072 |
| 245 10 - TITLE STATEMENT | |
| Title | What can increase the default risk in local governments? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Los Angeles : |
| Name of publisher, distributor, etc. | Sage, |
| Date of publication, distribution, etc. | jun. 2017 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | Concern has been expressed by international organisations and in previous studies about the financial situation of local governments, and the question of debt has been identified as a crucial element in efforts to overcome the current financial crisis. However, the variables that can affect the financial soundness of these governments have not been sufficiently studied, despite their direct relation to the credit risk premium. In this article, we aim to identify risk factors for default by local governments, and provide useful information to municipal financial managers. We conducted an empirical study of 148 Spanish municipalities and analysed data from four years, applying a random effects logistic regression model. Our findings reveal that a lower population density, less dependent population, falling levels of per capita income and the presence of progressive local government are all risk factors for default by local governments. Furthermore, our findings indicate that the general financing structure variable and debt composition and maturity variable do influence the risk of default by local governments |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | LARA-RUBIO, Juan |
| 9 (RLIN) | 55462 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | BUENDÍA-CARRILLO, Dionisio |
| 9 (RLIN) | 55463 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | RAYO-CATÓN, Salvador |
| 9 (RLIN) | 55464 |
| 773 08 - HOST ITEM ENTRY | |
| Title | International Review of Administrative Sciences |
| Related parts | 83, 2, p. 397-419 |
| Place, publisher, and date of publication | Los Angeles : Sage, jun. 2017 |
| International Standard Serial Number | ISSN 00208523 |
| Record control number | |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20170801 |
| Operator's initials, OID (RLIN) | 1021^b |
| Cataloger's initials, CIN (RLIN) | Larissa |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20170801 |
| Operator's initials, OID (RLIN) | 1021^b |
| Cataloger's initials, CIN (RLIN) | Larissa |
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