95779 20231215090952.0 doi 10.3390/su12176880 sideral 120217 ART-2020-120217 eng Pina, V. Universidad de Zaragoza (orcid)0000-0002-9416-2224 Testing the Reliability of Financial Sustainability. The Case of Spanish Local Governments 2020 Access copy available to the general public Unrestricted Local Governments (LGs) have strengthened the financial control as a consequence of mandatory requirements to ensure financial sustainability in their management. The aim of this study is to determine whether financial indicators about financial conditions defined in Spanish regulation are backed by worldwide generally accepted financial benchmarking indicators. For this purpose, we analyze the relationship between Spanish indicators of financial sustainability based on European Union (EU) regulations and Financial Trends Monitoring System Indicators (FTMS) of the International City/County Management Association (ICMA). For this purpose, two methodologies are applied: discriminant analysis and logistic regression, where the dependent variables are each of the Spanish financial indicators and the independent variables are ICMA indicators. The evidence supports that variables that are related to the control of expenditures, debt and the revenues show a greater explanatory power of financial sustainability, being the most important elements which offer relevant information about the financial sustainability measurement of LGs. info:eu-repo/grantAgreement/ES/DGA/S56-17R info:eu-repo/grantAgreement/ES/MINECO-FEDER/PID2019-106857GB-I00 info:eu-repo/grantAgreement/ES/UZ/JIUZ-2018-SOC-01 info:eu-repo/grantAgreement/ES/UZ/UZ2019-SOC-05 info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 3.251 2020 ENVIRONMENTAL SCIENCES 124 / 273 = 0.454 2020 Q2 T2 ENVIRONMENTAL STUDIES 60 / 125 = 0.48 2020 Q2 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 30 / 44 = 0.682 2020 Q3 T3 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 6 / 9 = 0.667 2020 Q3 T3 0.611 2020 Energy Engineering and Power Technology 2020 Q1 Environmental Science (miscellaneous) 2020 Q1 Renewable Energy, Sustainability and the Environment 2020 Q1 Management, Monitoring, Policy and Law 2020 Q1 Geography, Planning and Development 2020 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Bachiller, P. Universidad de Zaragoza (orcid)0000-0001-6661-1128 Ripoll, L. (orcid)0000-0001-5790-2011 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 12, 17 (2020), 6880 [20 pp] Sustainability (Basel) Sustainability (Switzerland) 2071-1050 226020 http://zaguan.unizar.es/record/95779/files/texto_completo.pdf Versión publicada 508874 http://zaguan.unizar.es/record/95779/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:95779 articulos driver 2023-12-15-08:58:30 ARTICLE