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An Explanation of Management of Local Governments in Spain Based on the Structure of the Internal Control System

Maria Moreno-Enguix (), Ester Gras-Gil () and Joaquin Hernandez-Fernandez ()
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Maria Moreno-Enguix: Department of Finance and Accounting, Faculty of Economics and Business University of Murcia
Ester Gras-Gil: Department of Public Economics, Faculty of Economics and Business, University of Zaragoza
Joaquin Hernandez-Fernandez: Department of Public Economics, Faculty of Economics and Business, University of Zaragoza

Annals of Economics and Finance, 2017, vol. 18, issue 2, 393-410

Abstract: Strengthening the internal control of municipalities offers multiple benefits: less opportunity for fraud, increased compliance with a growing regulatory environment, and the likelihood of more efficient resource utilization, leading to service improvements. The budget is viewed as a tool with which control over financial resources can be exercised successfully. The Budgetary Result allows us to measure efficiency in short-term in relation to management of financial resources. Our study determines the efficiency the internal control structure on Local Government performance. The results show a strong evidence for the effect of internal control system on increasing the budget result.

Keywords: Local Government; Management; Internal Control; Budgetary Results (search for similar items in EconPapers)
JEL-codes: H74 M48 (search for similar items in EconPapers)
Date: 2017
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