Publication details

Municipal Bankruptcy: Pilot Experience from Czech Republic



Year of publication 2016
Type Article in Periodical
Magazine / Source Review of European Studies
MU Faculty or unit

Faculty of Economics and Administration

Field Management and administrative
Keywords municipality; bankruptcy; financial stress; signaling; experience; public policy; regulation
Description Local governments play an important role of public sector and in daily life of residents. This research paper focuses on the issue of financially distressed Czech municipalities and relevant financial areas or indicators in period prior financial problems of municipalities similar to a bankruptcy. This case study provides some first pilot insights into this particular issue in the Czech Republic as it becomes an emerging but still enexplored issue. The research for this paper is focused on the financial management of municipalities from the perspective of negative financial situations and the preceding phase to reveal and achieve certain preliminary findings and experience as a pilot lesson for financial management improvements and further exploration and research.
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