ESTABLISHING DESIGNED FINANCIAL CONTROL: AN EMPIRICAL STUDY ON URBAN LOCAL BODIES IN INDIA USING FACTOR AND CLUSTER ANALYSIS

Sidhakam Bhattacharyya and Gautam Bandyopadhyay ()
Additional contact information
Gautam Bandyopadhyay: National Institute of Technology, Durgapur, West Bengal, India

Management Research and Practice, 2013, vol. 5, issue 3, 5-20

Abstract: We have established in earlier study that our designed financial controls help the Indian ULBs (Urban Local Bodies) to increase recurrent surplus. Our further research, as described in this paper, reveals that the concept of designed controls conforms to the result of statistical techniques used. Nonparametric tests applied on the dataset allow us to proceed for application of multivariate techniques. Factor analysis divides the variables of revenue income and expenditure into two factors which are in conformity with the conceptual framework of the designed financial control. Regression analysis indicates strong association of financial controls (taking factor score as dependent variable) with the constituent variables (independent variables) and also of total revenues and total expenditure (dependent variable) with both the financial controls (taking factor scores as independent variables). We have also used cluster analysis approach to strengthen our views and result of this analysis agrees with the result of factor analysis.

Keywords: Urban Local Bodies; Financial Control; Factor Analysis; Regression Analysis; Cluster Analysis. (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mrp.ase.ro/no53/f1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rom:mrpase:v:5:y:2013:i:3:p:5-20

Access Statistics for this article

Management Research and Practice is currently edited by Colesca Sofia

More articles in Management Research and Practice from Research Centre in Public Administration and Public Services, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Colesca Sofia ().