A Novel Multi-Attribute Benchmarking Approach for Assessing the Financial Performance of Local Governments: Empirical Evidence from France

European Journal of Operational Research, 248 (2016), 301–317

Posted: 21 Jan 2016

See all articles by Emilios C. Galariotis

Emilios C. Galariotis

Audencia Business School ; Audencia Nantes School of Management

Guyot Alexis

Independent

Michael Doumpos

Technical University of Crete (TUC) - Department of Production Engineering and Management

C. Zopounidis

Technical University of Crete (TUC) - Department of Production Engineering and Management

Date Written: January 19, 2016

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 overtime, 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 policy makers including local public authorities and central governments.

Keywords: Multiple criteria analysis, Local governments, Financial performance Benchmarking

JEL Classification: NA

Suggested Citation

Galariotis, Emilios C. and Alexis, Guyot and Doumpos, Michael and Zopounidis, Constantin, A Novel Multi-Attribute Benchmarking Approach for Assessing the Financial Performance of Local Governments: Empirical Evidence from France (January 19, 2016). European Journal of Operational Research, 248 (2016), 301–317 , Available at SSRN: https://ssrn.com/abstract=2718281

Emilios C. Galariotis

Audencia Business School ( email )

8 Road Joneliere
BP 31222
Nantes Cedex 3, 44312
France

HOME PAGE: http://faculte-recherche.audencia.com/en/faculty/faculty-member-cvs/emilios-galariotis/

Audencia Nantes School of Management ( email )

France

HOME PAGE: http://faculte-recherche.audencia.com/en/faculty/faculty-member-cvs/emilios-galariotis/

Guyot Alexis

Independent ( email )

Michael Doumpos

Technical University of Crete (TUC) - Department of Production Engineering and Management ( email )

University Campus
Chania
Crete, 73100
Greece
+30 28210 37318 (Phone)
+30 28210 69410 (Fax)

Constantin Zopounidis (Contact Author)

Technical University of Crete (TUC) - Department of Production Engineering and Management ( email )

University Campus
Chania
Crete, 73100
Greece
+30 28210 37236 (Phone)
+30 28210 69410, 37236 (Fax)

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