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http://repositorio.ufla.br/jspui/handle/1/56858| Title: | Analysis of the financial fragility hypothesis applied to the public sector by means of structural equations |
| Keywords: | Financial fragility hypothesis Public sector Structural equation modelling |
| Issue Date: | 2023 |
| Publisher: | SAGE Journals |
| Citation: | CARÍSSIMO, C. R. et al. Analysis of the financial fragility hypothesis applied to the public sector by means of structural equations. Account and Financial Management Journal, [S.l.], v. 8, p. 3061-3072, 2023. |
| Abstract: | This study analysedthe effects of public debt interest and charges throughon Financial Fragility Hypothesis(FFH),in relation to Brazilian states’ public debt. Structural equation modelling was used as the empirical procedure.The effects of the structural model’s constructs explained 90.2% of the Public Sector Financial Position.The proposed model showed significance and relevance of the formative indicators. The results show that financial fragility is caused by excessive current spending but is aggravated by interest and amortisation costs that exceed the Current Revenue/Current Expenditure balance. This evidence confirms the assumptions of the FFHwhen applied to the public sector. |
| URI: | https://advance.sagepub.com/articles/preprint/Analysis_of_the_Financial_Fragility_Hypothesis_Applied_to_the_Public_Sector_by_Means_of_Structural_Equations/19107842 http://repositorio.ufla.br/jspui/handle/1/56858 |
| Appears in Collections: | DAE - Artigos publicados em periódicos |
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