... theory. It further applies a BoD-based FC Index in a cross-country comparison of municipalities, providing evidence of its usefulness for assessing municipal FC across different institutional settings. Operationally, municipal FC is measured through a composite index grounded in four solvency...

... health. Design/methodology/approach We analyze financial information from municipalities in nine different countries to gain a more nuanced understanding of this relationship. Findings Our analysis reveals a more complex picture, in which greater fiscal autonomy may benefit long-term solvency...

... to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode Budget transparency Financial sustainability Solvency Growth Stability Fairness Retaining these frameworks as a reference, budget transparency can...