Financial situation and political parties in local governmentsEmpirical evidence in the Spanish municipalities

  1. Cabaleiro Casal, Roberto
  2. Buch Gómez, Enrique J.
  3. Vaamonde Liste, Antonio
Revista:
Investigaciones europeas de dirección y economía de la empresa

ISSN: 1135-2523

Ano de publicación: 2014

Volume: 20

Número: 3

Páxinas: 110-121

Tipo: Artigo

DOI: 10.1016/J.IEDEE.2013.11.001 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Outras publicacións en: Investigaciones europeas de dirección y economía de la empresa

Resumo

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 perspective how various political factors influence the financial situation of the municipalities. To do this, we use 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.

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