Municipal Bankruptcy: Pilot Experience from Czech Republic
| Authors | |
|---|---|
| Year of publication | 2016 |
| Type | Article in Periodical |
| Magazine / Source | Review of European Studies |
| MU Faculty or unit | |
| Citation | |
| Web | http://www.ccsenet.org/journal/index.php/res/index |
| Doi | http://dx.doi.org/10.5539/res.v8n1p87 |
| Field | Management and administrative |
| Keywords | municipality; bankruptcy; financial stress; signaling; experience; public policy; regulation |
| Description | Local governments play an important role of public sector and in daily life of residents. This research paper focuses on the issue of financially distressed Czech municipalities and relevant financial areas or indicators in period prior financial problems of municipalities similar to a bankruptcy. This case study provides some first pilot insights into this particular issue in the Czech Republic as it becomes an emerging but still enexplored issue. The research for this paper is focused on the financial management of municipalities from the perspective of negative financial situations and the preceding phase to reveal and achieve certain preliminary findings and experience as a pilot lesson for financial management improvements and further exploration and research. |
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