Local Government Type and Municipal Bond Ratings: What's the Relationship?

2016 ◽  
Author(s):  
John A. Dove
Keyword(s):  
Local Government ◽  
Municipal Bond ◽  
Bond Ratings ◽  
The Relationship

The relationship between local government economic freedom and bond ratings

2017 ◽  
Vol 9 (4) ◽  
pp. 435-449
Author(s):  
John Dove
Keyword(s):  
Local Government ◽  
Design Methodology ◽  
Economic Freedom ◽  
Local Level ◽  
Cross Sectional ◽  
Bond Ratings ◽  
Municipal Governments ◽  
Content Type ◽  
The Impact ◽  
The Relationship

Purpose With a newly developed measure of economic freedom across US local government jurisdictions, this paper aims to estimate the relationship between economic freedom and bond ratings. Design/methodology/approach The author uses a battery of cross-sectional econometric models to identify the impact that economic freedom might have on bond ratings using a sample of US municipal governments. Findings Overall, the results indicate that relatively more economic freedom within a local jurisdiction is associated with higher bond ratings and thus lower borrowing costs. However, similar to Roychoundhury and Lawson (2010), no specific subcomponent seems to affect bond ratings. Originality/value To the author’s knowledge this is the first scholarly work to address this topic at the local level.

Geography and Local (Dis)advantage: Evidence from Muni Bond Funds

2016 ◽  
Vol 06 (03) ◽  
pp. 1650008 ◽  
Author(s):  
Saiying Deng ◽  
David Rakowski
Keyword(s):  
Mutual Fund ◽  
Knowledge Spillovers ◽  
Geographic Location ◽  
Municipal Bond ◽  
Fund Managers ◽  
Non Local ◽  
Bond Fund ◽  
Business Connections ◽  
Bond Mutual Funds ◽  
The Relationship

We examine the relationship between the geographic location of mutual fund managers and fund performance using the unique setting of single-state municipal-bond mutual funds. We find that local managers underperform non-local muni-bond fund managers. Furthermore, we document that local muni-bond fund managers perform relatively better in states with more local funds, consistent with knowledge spillovers, business connections and networking effects associated with those areas. Locals also perform relatively better in states with higher levels of political integrity, consistent with less political pressure on local fund managers in these locations. Our results are robust to several sensitivity checks.

scholarly journals HUBUNGAN GAYA KEPEMIMPINAN DAN BUDAYA ORGANISASI DENGAN KINERJA APARATUR PENDIDIKAN NONFORMAL DI DINAS PENDIDIKAN KOTA GORONTALO

2015 ◽  
Vol 2 (2) ◽  
pp. 173
Author(s):  
Abdul Rahmat
Keyword(s):  
Organizational Culture ◽  
Local Government ◽  
Leadership Style ◽  
Significant Relationship ◽  
Strong Relationship ◽  
Survey Method ◽  
Significance Level ◽  
Significant Performance ◽  
Relationship Performance ◽  
The Relationship

<p>This study aimed to examine the alleged causality between the dependent and independent variables. This study is a descriptive research using survey method. Datan collected by using questionnaire and analyzed using path analysis to test the hypothesis. Engineering analysis will be determined by SPSS data analysis program. The result of the study were; 1) Leadership style has a significant relationship with the performance of officials local government in Gorontalo city. It is seen in the calculation of the product r correlation counted is 0.811 at the significance level (0.05), r table at 0,239 then count r &gt; r of the table so that we can conclude the existence of a significant relationship, while the relationship is based on arithmetic interval coefficient criteria r is 0.811, which means relatively strong relationship with the leadership style of performance in local government apparatus city Gorontalo relatively strong. While t is 0.957 and compared t table with a significance level of 0.044 (0.05) turns out t count&gt; t table with the sense of the hypothesis is accepted which stated the existence of a significant relationship. 2) Organizational Culture has a significant relationship performance in local government apparatus city Gorontalo, it can be seen that the calculation of the product correlation r counted is 0.922 at the significance level (0.05)r price table is 0.098 then the count r &gt; r table. It conclude the existence of a significant relationship, while the relationship is based on interval arithmetic coefficient criteria r is 0.922, which means has relatively strong relationship with the organizational culture apparatus as very strong performance. While t is 0.957 and compared t table with a significance level of 0.044 (0.05) turns out t &gt; t table. It means the hypothesis is accepted which states the existence of a very significant. 3) Relationship between Leadership Style and organizational culture have significant performance relationship in local government of Gorontalo apparatus city. It is seen in the strength of mastery skills and cultural organization along with the performance of the apparatus, comparing the r counting with r table it is known that 0.811 &gt; 0.239, the correlation both have strong significant relationship.</p>

scholarly journals Efek Budget Ratcheting Pada Anggaran Pemerintah Kabupaten/Kota Provinsi Sumatera Barat

2020 ◽  
Vol 2 (3) ◽  
pp. 2992-3011
Author(s):  
Annisa Ayu Safitri ◽  
Vita Fitria Sari
Keyword(s):  
Local Government ◽  
Financial Statements ◽  
Capital Expenditures ◽  
Local Revenue ◽  
West Sumatra ◽  
The Relationship

This research is aimed to know the effect of budget ratcheting in local revenue, balancing funds, and capital expenditures. This study also examines how the effects of budget ratcheting in the relationship between local revenue to regional expenditures. This research is categorized as causative research. The population in this study are all regencies / cities in the province of west sumatra, which are 12 districts and 7 cities. Sampling in this study was conducted using total sampling. The data in this study were sourced from the district / city local government financial statements in west sumatra province in 2014-2018. The data in this study were processed using spss 23. The results of this study indicate that there is a budget ratcheting effect in local revenue, balance funds and capital expenditures. the results of this study also show that local revenue influences regional expenditure and budget ratcheting to weaken the relationship between the two.

scholarly journals Relationship Between Tranparancies Of Funding Objectives And Work Ethics Of The Local Government Apparatus In Minahasa

2018 ◽  
Vol 2 (2) ◽  
Author(s):  
Frida Magda Sumual
Keyword(s):  
Job Satisfaction ◽  
Local Government ◽  
Research Finding ◽  
Work Ethics ◽  
The Public ◽  
Responsible Government ◽  
Data Field ◽  
Data Collection Instrument ◽  
Cross Tabulation ◽  
The Relationship

This research aims to discover the relationship between tranparancies of funding objectives and work ethics of the local government apparatus in Minahasa. The public sector development in Indonesia should be followed by research on work ethics concept in order to prepare good apparatus as public duties. This research analyses data quantitatively using non parametric statistic test X2. To simplify the analysis cross tabulation is created so data on the table can be analised to test the hypotheses. This research collects qualitative and quantitave data. Field obsevation is used as data collection instrument. The research finding shows that there is a significant relationship between tranparancies of funding objectives and work ethics of the local government apparatus 0,56 %.  The funding objectives tranparancies determine the size of funding objectives specificly and understood by whom responsible. Government apparatus will react positively and relatively strong to increase the funding objectives tranparancies. Superior leaders can increase job satisfACTION lower job strength and increase fuunding related to work ethics.Keywords: Transparancy Of Funding Objectives, Work Ethics.

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