A novel multi-attribute benchmarking approach for assessing the financial performance of local governments: Empirical evidence from France

Emilios C. Galariotis (), Alexis Guyot (), Michael Doumpos () and Constantin Zopounidis ()
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Emilios C. Galariotis: Audencia Business School
Alexis Guyot: Audencia Business School
Constantin Zopounidis: Audencia Business School

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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.

Keywords: Multiple criteria analysis; Local governments; Financial performance; Benchmarking (search for similar items in EconPapers)
Date: 2016-01
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Citations: View citations in EconPapers (15)

Published in European Journal of Operational Research, 2016, 248 (1), pp.301-317. ⟨10.1016/j.ejor.2015.06.042⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01194629

DOI: 10.1016/j.ejor.2015.06.042

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