Assessment of Sustainable and Safe Development of Municipalities | Chapter 4 | Insights into Economics and Management Vol. 10

 The article investigates municipal financial stability in conjunction with financial and budgetary security. The information from the Federal State Statistics Service, the section "Municipal Statistics," and the database of the Leningrad Oblast serve as the analytical foundation. The article proposes methodological approaches to assessing municipalities' financial stability and security that can be used by authorities at all levels to monitor studies of sustainable and safe development. of municipal governments The assessment of financial stability and financial and budgetary security will provide a more representative measure of municipal management effectiveness. The issue of assessing municipal financial stability and protection remains largely unexplored, as its solution requires clarification of the methodological and theoretical provisions for the municipal level assessment of these categories.

Author (s) Details

H. S. Pak
Department of Economics, Saint Petersburg State Economic University, Russia.

E. V. Ushakova
Department of Economic Sciences, Private Educational Institution of Higher Education, Saint Petersburg University of Management Technologies and Economics, Russia.

A. A. Kuprin
The Russian Presidential Academy of National Economy and Public Administration, Saint Petersburg, Russia.

View Book :- https://stm.bookpi.org/IEAM-V10/article/view/1466

Emphasizing on Municipal Bonds as Leverage for Negotiation and Improving Operational Efficiency| Chapter 4 | Current Strategies in Economics and Management Vol. 7

 This article explores how the performance of municipalities is influenced by the use of bonds to fund municipal operations. City councils compete to retain new voters, helping them to control the local government 's services and budgets. We claim that municipal bond sales directly impact cities by reducing their borrowing costs and indirectly by improving their operating performance. We are using case studies of four municipalities in Israel to test this hypothesis. Our key findings show that the implementation of bonds as an alternative to fund municipalities, even if the issuance is not repeated, has a lasting effect on the city's bargaining power with the banks. Other municipalities that have not issued bonds often profit from the leverage that, when negotiating with banks, this incentive gives them. In addition, we find that the use of bonds greatly increases municipalities' operating performance. This article has shown that the key gain of a bond problem is the long-term improvement of the municipalities' administrative and financial conduct.

Author(s) Details

Suzy Shrem Cohen
Guilford Glazer Faculty of Business and Management, Ben-Gurion University of the Negev,
Beer-Sheva, Israel.

Rami Yosef
Guilford Glazer Faculty of Business and Management, Ben-Gurion University of the Negev, Beer-Sheva, Israel.


View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/300