Analysis of the Financial Behaviour of Czech Municipalities as a Possibility for International Comparisons

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HRŮZA Filip

Rok publikování 2023
Druh Článek v odborném periodiku
Časopis / Zdroj Prague Economic Papers
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://pep.vse.cz/artkey/pep-202304-0003_analysis-of-the-financial-behaviour-of-czech-municipalities-as-a-possibility-for-international-comparisons.php
Doi http://dx.doi.org/10.18267/j.pep.837
Klíčová slova municipality; financial management; financial health; financial dependency; budget rigidity
Přiložené soubory
Popis From the general perspective, municipalities are economic organisations like private companies with their legal subjectivity, own revenues, and property. To better understand their financial management, it is desirable to conduct relevant empirical research, which lacks in the case of the Czech municipal sector and Czech municipalities. This paper aims to analyse and identify the financial behaviour of Czech municipalities within the post-crisis period focusing on the influence of internal and external vulnerability factors. The panel data and linear regression model (fixed-effect model) were used to evaluate how an external crisis affected the financial management of municipalities. The behaviour of municipal financial management is reflected through financial health, financial dependency, or budget rigidity. The outcomes of the analysis are presented and put into perspective with relevant international research.

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