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Individual Debt Ratio as a Way of Assesing the Financial Conditions of Local Government Units
Ist Teil von
European research studies, 2021-06, Vol.24 (S2), p.35
Ort / Verlag
International Strategic Management Association
Erscheinungsjahr
2021
Link zum Volltext
Quelle
EZB-FREE-00999 freely available EZB journals
Beschreibungen/Notizen
Originality/Value: Results of the study reflect that IDR concerns the possibility of debt service, but it cannot be a measure of financial condition, because in local government units there are liabilities not only classified as debt obligations. The omission of these obligations and their impact on the financial condition makes the information value of IDR imperfect and incomplete. It is difficult to indicate the optimal solution that would fully reflect the current financial condition. It is possible as well as from the point of view of additional workloads, difficult to implement in practice.