Municipal financial vulnerability in pandemic crises: a framework for analysis
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://hdl.handle.net/1822/83840 |
Resumo: | Purpose This paper explores how global pandemic crises affect the financial vulnerability of municipalities. Design/methodology/approach This paper is developed from the relevant literature an analytical framework to examine municipal financial vulnerability before a global pandemic crisis and in its immediate aftermath by mapping and systematizing its dimensions and sources. To illustrate how it can be used and evaluate its robustness and flexibility, such a tool was applied to Portugal and Italy, two countries that particularly suffered from the Covid-19 crisis. Findings The application of the analytical framework has shown how financially vulnerable municipalities are to global pandemic crises. Financial vulnerability relates to issues ranging from institutional design to internal financial conditions and the perception of the capacity to cope with a crisis. Results further reveal that vulnerability has an inherent contingent nature in time and space and can lead to paradoxical outcomes. Research limitations/implications This paper provides a tool that can be useful for both academic and public policy purposes, to further appreciate municipal financial vulnerability, especially during crises. Practical implications Municipalities can use the framework to better manage their financial vulnerability, strengthening their anticipatory and copying capacities, while oversight authorities can use it to help municipalities become less financially vulnerable or, at least, more aware of their financial vulnerability. Originality/value Municipal financial vulnerability to global shocks has not been explored extensively. Also, the Covid-19 pandemic is different from previous global crises as it affected society overnight with the implementation of lockdown and social distancing measures. |
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Municipal financial vulnerability in pandemic crises: a framework for analysisFinancial managementLocal governmentsFinancial vulnerabilityCrisesCiências Sociais::Economia e GestãoSocial SciencesPurpose This paper explores how global pandemic crises affect the financial vulnerability of municipalities. Design/methodology/approach This paper is developed from the relevant literature an analytical framework to examine municipal financial vulnerability before a global pandemic crisis and in its immediate aftermath by mapping and systematizing its dimensions and sources. To illustrate how it can be used and evaluate its robustness and flexibility, such a tool was applied to Portugal and Italy, two countries that particularly suffered from the Covid-19 crisis. Findings The application of the analytical framework has shown how financially vulnerable municipalities are to global pandemic crises. Financial vulnerability relates to issues ranging from institutional design to internal financial conditions and the perception of the capacity to cope with a crisis. Results further reveal that vulnerability has an inherent contingent nature in time and space and can lead to paradoxical outcomes. Research limitations/implications This paper provides a tool that can be useful for both academic and public policy purposes, to further appreciate municipal financial vulnerability, especially during crises. Practical implications Municipalities can use the framework to better manage their financial vulnerability, strengthening their anticipatory and copying capacities, while oversight authorities can use it to help municipalities become less financially vulnerable or, at least, more aware of their financial vulnerability. Originality/value Municipal financial vulnerability to global shocks has not been explored extensively. Also, the Covid-19 pandemic is different from previous global crises as it affected society overnight with the implementation of lockdown and social distancing measures.The authors also would like to acknowledge that this study was partially conducted at the Research Center in Political Science (UIDB/CPO/00758/2020), University of Minho and supported by the Portuguese Foundation for Science and Technology (FCT) and the Portuguese Ministry of Education and Science through national funds. It was also conducted at the Centre for Business and Economics Research, I&D unit funded by national funds through FCT – Fundaçãao para a Ciência e a Tecnologia, I.P., Project UIDB/05037/2020.EmeraldUniversidade do MinhoPadovani, EmanueleIacuzzi, SilviaJorge, SusanaPimentel, Liliana20212021-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/83840engPadovani, E., Iacuzzi, S., Jorge, S. and Pimentel, L. (2021), "Municipal financial vulnerability in pandemic crises: a framework for analysis", Journal of Public Budgeting, Accounting & Financial Management, Vol. 33 No. 4, pp. 387-408. https://doi.org/10.1108/JPBAFM-07-2020-01291096-33671945-181410.1108/JPBAFM-07-2020-0129https://www.emerald.com/insight/content/doi/10.1108/JPBAFM-07-2020-0129/full/htmlinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:06:30Zoai:repositorium.sdum.uminho.pt:1822/83840Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:57:11.656390Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
title |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
spellingShingle |
Municipal financial vulnerability in pandemic crises: a framework for analysis Padovani, Emanuele Financial management Local governments Financial vulnerability Crises Ciências Sociais::Economia e Gestão Social Sciences |
title_short |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
title_full |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
title_fullStr |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
title_full_unstemmed |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
title_sort |
Municipal financial vulnerability in pandemic crises: a framework for analysis |
author |
Padovani, Emanuele |
author_facet |
Padovani, Emanuele Iacuzzi, Silvia Jorge, Susana Pimentel, Liliana |
author_role |
author |
author2 |
Iacuzzi, Silvia Jorge, Susana Pimentel, Liliana |
author2_role |
author author author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Padovani, Emanuele Iacuzzi, Silvia Jorge, Susana Pimentel, Liliana |
dc.subject.por.fl_str_mv |
Financial management Local governments Financial vulnerability Crises Ciências Sociais::Economia e Gestão Social Sciences |
topic |
Financial management Local governments Financial vulnerability Crises Ciências Sociais::Economia e Gestão Social Sciences |
description |
Purpose This paper explores how global pandemic crises affect the financial vulnerability of municipalities. Design/methodology/approach This paper is developed from the relevant literature an analytical framework to examine municipal financial vulnerability before a global pandemic crisis and in its immediate aftermath by mapping and systematizing its dimensions and sources. To illustrate how it can be used and evaluate its robustness and flexibility, such a tool was applied to Portugal and Italy, two countries that particularly suffered from the Covid-19 crisis. Findings The application of the analytical framework has shown how financially vulnerable municipalities are to global pandemic crises. Financial vulnerability relates to issues ranging from institutional design to internal financial conditions and the perception of the capacity to cope with a crisis. Results further reveal that vulnerability has an inherent contingent nature in time and space and can lead to paradoxical outcomes. Research limitations/implications This paper provides a tool that can be useful for both academic and public policy purposes, to further appreciate municipal financial vulnerability, especially during crises. Practical implications Municipalities can use the framework to better manage their financial vulnerability, strengthening their anticipatory and copying capacities, while oversight authorities can use it to help municipalities become less financially vulnerable or, at least, more aware of their financial vulnerability. Originality/value Municipal financial vulnerability to global shocks has not been explored extensively. Also, the Covid-19 pandemic is different from previous global crises as it affected society overnight with the implementation of lockdown and social distancing measures. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021 2021-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/1822/83840 |
url |
https://hdl.handle.net/1822/83840 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Padovani, E., Iacuzzi, S., Jorge, S. and Pimentel, L. (2021), "Municipal financial vulnerability in pandemic crises: a framework for analysis", Journal of Public Budgeting, Accounting & Financial Management, Vol. 33 No. 4, pp. 387-408. https://doi.org/10.1108/JPBAFM-07-2020-0129 1096-3367 1945-1814 10.1108/JPBAFM-07-2020-0129 https://www.emerald.com/insight/content/doi/10.1108/JPBAFM-07-2020-0129/full/html |
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info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Emerald |
publisher.none.fl_str_mv |
Emerald |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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