Women are underrepresented in public sector leadership positions, including municipal
management. We examine one explanation that may contribute to gender inequity in the …

Many states possess the authority to intervene in local fiscal emergencies, in some cases
curtailing decision‐making powers of local officials through the appointment of an …

It is di□ fficult to find someone who has not heard about the Puerto Rico, Detroit, Michigan,
or Orange County, California, bankruptcies. While guides for responsibly managing …

There have been continuing concerns about the availability and the quality of government
financial information (see eg, SEC, 2012; GAO, 2012). The last decade marks a significant …

While the importance of municipal bonds for the provision of public services is well-
documented, the consequences of municipal bankruptcies remain understudied. We …

The 2008 international financial crisis showed an increase in the probability of loan default
was followed by a fall in recovery rates. This fact has been investigated in corporate loans …

This research provides a comparative analysis of eight state online dashboard systems that
track and assess fiscal health of local governments in California, Massachusetts, Michigan …

Special-purpose districts (SPDs) are organized around narrow service delivery tasks and
are ubiquitous at the municipal level in the United States (Goodman, 2015, 2019; Trussel & …

Through the process of financial intermediation, underwriters, bond insurers, municipal
advisors, and credit rating agencies serve a critical function in the raising of capital for state …

I examine whether the imposition of fiduciary duty on municipal advisors affects bond yields
and advising fees. Using a difference-in-differences analysis, I show that bond yields reduce …