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Using Fiscal Ratios to Predict Local Fiscal Distress

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  • Gorina, Evgenia
  • Joffe, Marc
  • Maher, Craig

    (Mercury Publication)

Abstract

We will collect audited financial and socioeconomic data for a large sample of local governments between 2008 and 2016 to create a fiscal scoring system for cities and counties based on our previous work, work done by Pew and the leading academics. City a

Suggested Citation

  • Gorina, Evgenia & Joffe, Marc & Maher, Craig, 2018. "Using Fiscal Ratios to Predict Local Fiscal Distress," Working Papers 07776, George Mason University, Mercatus Center.
    • Handle: RePEc:ajw:wpaper:07776
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    File URL: https://mercury.mercatus.org/Product/ViewFinalCopy/863
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    References listed on IDEAS

    as
    1. Merton, Robert C, 1974. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 29(2), pages 449-470, May.
    2. Tima T. Moldogaziev & Sharon N. Kioko & W. Bartley Hildreth, 2017. "Impact of Bankruptcy Eligibility Requirements and Statutory Liens on Borrowing Costs," Public Budgeting & Finance, Wiley Blackwell, vol. 37(4), pages 47-73, December.
    3. Benjamin Y. Clark, 2015. "Evaluating the Validity and Reliability of the Financial Condition Index for Local Governments," Public Budgeting & Finance, Wiley Blackwell, vol. 35(2), pages 66-88, June.
    4. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 71-111.
    5. William C. Rivenbark & Dale J. Roenigk & Gregory S. Allison, 2010. "Conceptualizing Financial Condition In Local Government," Journal of Public Budgeting, Accounting & Financial Management, Emerald Group Publishing Limited, vol. 22(2), pages 149-177, March.
    6. Holian, Matthew & Joffe, Marc, 2013. "Assessing Municipal Bond Default Probabilities," MPRA Paper 46728, University Library of Munich, Germany.
    7. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    8. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure - Reply," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 123-127.
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