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A novel multi-attribute benchmarking approach for assessing the financial performance of local governments: Empirical evidence from FranceAuthor-Name: Galariotis, Emilios

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  • Guyot, Alexis
  • Doumpos, Michael
  • Zopounidis, Constantin

Abstract

The financial health of local governments has attracted considerable interest over the past couple of decades. In this study, we follow a benchmarking perspective and introduce a multi-attribute financial evaluation model that allows peer assessments to be made, including comparisons over time, while differentiating between managerial performance and the effect of the external environment. The model is applied to a large database involving the entire population of French municipalities over the period 2000–2012 to assess how the reforms implemented over the past decade (taxation and decentralization) have affected the financial performance of local governments in France. The findings are of particular interest to both the academia and policymakers including local public authorities and central governments.

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  • Guyot, Alexis & Doumpos, Michael & Zopounidis, Constantin, 2016. "A novel multi-attribute benchmarking approach for assessing the financial performance of local governments: Empirical evidence from FranceAuthor-Name: Galariotis, Emilios," European Journal of Operational Research, Elsevier, vol. 248(1), pages 301-317.
    • Handle: RePEc:eee:ejores:v:248:y:2016:i:1:p:301-317
    DOI: 10.1016/j.ejor.2015.06.042
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    2. Nomeda Dobrovolskienė & Anastasija Pozniak & Manuela Tvaronavičienė, 2021. "Assessment of the Sustainability of a Real Estate Project Using Multi-Criteria Decision Making," Sustainability, MDPI, vol. 13(8), pages 1-19, April.
    3. Michalis Doumpos & Alexis Guyot & Emilios Galariotis & Constantin Zopounidis, 2020. "Assessing the quality of life in French municipalities: a multidimensional approach," Annals of Operations Research, Springer, vol. 293(2), pages 789-808, October.
    4. Silva, Thiago Christiano & Guerra, Solange Maria & Tabak, Benjamin Miranda, 2020. "Fiscal risk and financial fragility," Emerging Markets Review, Elsevier, vol. 45(C).
    5. Carina Steckenleiter & Michael Lechner & Tim Pawlowski & Ute Schüttoff, 2023. "Do local expenditures on sports facilities affect sports participation?," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 1103-1128, October.
    6. Yumin Shu & Zhongying Qi, 2020. "The Effect of Market-Oriented Government Fiscal Expenditure on the Evolution of Industrial Structure: Evidence from Shenzhen, China," Sustainability, MDPI, vol. 12(9), pages 1-17, May.
    7. Andreopoulou, Zacharoula & Koliouska, Christiana & Galariotis, Emilios & Zopounidis, Constantin, 2018. "Renewable energy sources: Using PROMETHEE II for ranking websites to support market opportunities," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 31-37.
    8. Antulov-Fantulin, Nino & Lagravinese, Raffaele & Resce, Giuliano, 2021. "Predicting bankruptcy of local government: A machine learning approach," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 681-699.
    9. Michal PlaÄ ek & Milan Křápek & Jan ÄŒadil & Bojka Hamerníková, 2020. "The Influence of Excellence on Municipal Performance: Quasi-Experimental Evidence From the Czech Republic," SAGE Open, , vol. 10(4), pages 21582440209, December.
    10. Ivana Kraftová & Lenka Kašparová, 2017. "Assessment of the financial health of regional emergency medical services in the Czech Republic using the BAMF model," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(2), pages 340-353, March.
    11. Nomeda Dobrovolskienė & Rima Tamošiūnienė & Audrius Banaitis & Fernando A. F. Ferreira & Nerija Banaitienė & Kamilė Taujanskaitė & Ieva Meidutė-Kavaliauskienė, 2019. "Developing a composite sustainability index for real estate projects using multiple criteria decision making," Operational Research, Springer, vol. 19(3), pages 617-635, September.
    12. Delis, Manthos & Iosifidi, Maria & Tsionas, Mike G, 2017. "Endogenous bank risk and efficiency," European Journal of Operational Research, Elsevier, vol. 260(1), pages 376-387.
    13. Emilios Galariotis & Christophe Germain & Constantin Zopounidis, 2018. "A combined methodology for the concurrent evaluation of the business, financial and sports performance of football clubs: the case of France," Annals of Operations Research, Springer, vol. 266(1), pages 589-612, July.

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