99790 20230519145413.0 doi 10.6018/rcsar.370531 sideral 123350 ART-2021-123350 spa Olmo, J. Universidad de Zaragoza (orcid)0000-0002-5636-8176 Determinants of the municipal average payment period and effectiveness of the commercial debt sustainability principle 2021 Access copy available to the general public Unrestricted The policies implemented to improve the liquidity of Spanish municipalities and the introduction of the commercial debt sustainability principle reveal the importance of controlling late payment by public sector. In this context, the purpose of this paper is to analyse the effect of the fiscal rule directed to control the average payment periods of public administrations and whether the political environment, socioeconomic characteristics and financial situation influence on the average payment period of municipalities. In order to achieve this goal, an exploratory analysis is carried oud and panel data methodology (2009-2015) is applied. The paper contributes to provide evidence of the effectiveness of the commercial debt sustainability principle and improves the knowledge for the analysis of short-term financial position. (C) 2021 ASEPUC. Publicado por EDITUM - Universidad de Murcia. to control the average payment periods of public administrations and whether the political environment, socioeconomic characteristics and financial situation influence on the average payment period of municipalities. In order to achieve this goal, an exploratory analysis is carried oud and panel data methodology (2009-2015) is applied. The paper contributes to provide evidence of the effectiveness of the commercial debt sustainability principle and improves the knowledge for the analysis of short-term financial position. info:eu-repo/grantAgreement/ES/DGA/CEMBE info:eu-repo/grantAgreement/ES/DGA/FSE info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 2.342 2021 BUSINESS, FINANCE 66 / 111 = 0.595 2021 Q3 T2 0.411 2021 Accounting 2021 Q3 3.6 2021 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Brusca, I. Universidad de Zaragoza (orcid)0000-0002-2897-1744 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 24, 1 (2021), 1-18 Rev. contab. Revista de Contabilidad-Spanish Accounting Review 1138-4891 1417286 http://zaguan.unizar.es/record/99790/files/texto_completo.pdf Versión publicada 1633221 http://zaguan.unizar.es/record/99790/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:99790 articulos driver 2023-05-18-13:56:43 ARTICLE