Measuring financial condition: A Study of U.S. States

Xiaohu Wang; Lynda Dennis; Yuan sen jeff Tu

doi:10.1111/j.1540-5850.2007.00872.x

Measuring financial condition: A Study of U.S. States

Xiaohu Wang
, Lynda Dennis
, Yuan sen jeff Tu

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

213 Citations (Scopus)

Abstract

This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement. © 2017 Wiley. All rights reserved.

Original language	English
Pages (from-to)	1-21
Journal	Public Budgeting and Finance
Volume	27
Issue number	2
DOIs	https://doi.org/10.1111/j.1540-5850.2007.00872.x
Publication status	Published - Jun 2007
Externally published	Yes

Bibliographical note

Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

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abstract = "This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement. {\textcopyright} 2017 Wiley. All rights reserved.",

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AU - Dennis, Lynda

AU - Tu, Yuan sen jeff

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N2 - This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement. © 2017 Wiley. All rights reserved.

AB - This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement. © 2017 Wiley. All rights reserved.

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DO - 10.1111/j.1540-5850.2007.00872.x

M3 - RGC 21 - Publication in refereed journal

SN - 0275-1100

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SP - 1

EP - 21

JO - Public Budgeting and Finance

JF - Public Budgeting and Finance

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Measuring financial condition: A Study of U.S. States

Abstract

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