FINANCIAL SITUATION AND POLITICAL PARTIES IN LOCAL GOVERNMENTS: EMPIRICAL EVIDENCE IN THE SPANISH MUNICIPALITIES

Investigaciones Europeas de Dirección y Economía de la Empresa

Buch Gómez, Enrique J.¹  Cabaleiro Casal, Roberto²  Vaamonde Liste, Antonio³ 

[1] Buch Gómez, Enrique J. : Department of Financial Economics and Accounting, University of Vigo, Lagoas Marcosende s/n, 36310 Vigo, Spain [e-mail];Cabaleiro Casal, Roberto : Department of Financial Economics and Accounting, University of Vigo, Lagoas Marcosende s/n, 36310 Vigo, Spain [e-mail];Vaamonde Liste, Antonio : Department of Statistics and Operations Research, University of Vigo, Torrecedeira, 105, 36208 Vigo, Spain [e-mail];

关键词: Local governments;    Public finance;    Public administration;    Political parties;   

DOI  :  http://dx.doi.org/10.1016/j.iedee.2013.11.001

来源: DOAJ

【 摘 要 】

In contrast to several studies presented in the literature which analyze how different political elements affect specific aspects of financial management of public institutions, we have investigated from a comprehensive perspectivehowvarious political factors influence the financial situation of the municipalities. To do this,weuse diverse multivariate techniques, the concept of financial condition and a large sample of Spanish municipalities. By isolating the electoral cycle and analyzing the essence of political factors, our main findings are that conservative and progressive parties do not present different behavior in relation to any of the financial dimensions. The territoriality of political parties influences the relationship between fund transfers received by the municipalities and certain expenses and investments. Furthermore, we did not detect that, in Spain, a partisan alignment exists between municipalities and the upper-level institutions.

【 授权许可】

Unknown