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Revisiting the (lack of) association between objective and subjective measures of local fiscal condition

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  • Sungho Park
  • Craig S. Maher
  • Wei‐Jie Liao

Abstract

Recent fiscal condition literature has been attentive to the consistency between subjective measures of local fiscal condition based on public officials' perceptions and their objective counterparts measured using financial data. Studies have found little evidence of a relationship between them, leading scholars to speculate flaws in measurement or intentional lack of association. This study reevaluates the issue by investigating intervening explanations for the absence of connection. Analyzing survey and audited financial data from 185 municipalities across 31 states, we identify various individual and organizational attributes that help clarify the association between the two types of fiscal condition measures.

Suggested Citation

  • Sungho Park & Craig S. Maher & Wei‐Jie Liao, 2023. "Revisiting the (lack of) association between objective and subjective measures of local fiscal condition," Public Budgeting & Finance, Wiley Blackwell, vol. 43(3), pages 39-54, September.
    • Handle: RePEc:bla:pbudge:v:43:y:2023:i:3:p:39-54
    DOI: 10.1111/pbaf.12347
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    References listed on IDEAS

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    1. Honadle, Beth Walter, 2001. "Theoretical and Practical Issues of Local Government Capacity in an Era of Devolution," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 31(1), pages 1-14.
    2. Craig S. Maher & Steven C. Deller, 2011. "Measuring municipal fiscal condition: do objective measures of fiscal health relate to subjective measures?," Journal of Public Budgeting, Accounting & Financial Management, Emerald Group Publishing Limited, vol. 23(3), pages 427-450, March.
    3. Abraham Carmeli & Gershon Gilat & David A. Waldman, 2007. "The Role of Perceived Organizational Performance in Organizational Identification, Adjustment and Job Performance," Journal of Management Studies, Wiley Blackwell, vol. 44(6), pages 972-992, September.
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