A Comparison of Financial Indicators: The Case of Detroit

Samuel B. Stone; Akheil Singla; James Comeaux; Charlotte Kirschner

doi:10.1111/pbaf.12079

A Comparison of Financial Indicators: The Case of Detroit

Samuel B. Stone, Akheil Singla, James Comeaux, Charlotte Kirschner

Research output: Contribution to journal › Article › peer-review

45 Scopus citations

Abstract

Financial condition analysis is a critical task for public managers, but it is still unclear which indicators are the most salient measures of financial well-being. The financial health of Detroit, Michigan is unequivocally poor, providing an interesting case to evaluate the financial condition indicators that currently exist. We calculate the key financial indicators using data from Detroit over the last 11 years. We find the indicators fall into three groups: those that show no sign of impending financial crisis, those that show a steady worsening financial condition, and those that demonstrate a substantial change immediately prior to filing bankruptcy.

Original language	English (US)
Pages (from-to)	90-111
Number of pages	22
Journal	Public Budgeting and Finance
Volume	35
Issue number	4
DOIs	https://doi.org/10.1111/pbaf.12079
State	Published - 2015

ASJC Scopus subject areas

Finance
Economics and Econometrics
Public Administration

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10.1111/pbaf.12079

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abstract = "Financial condition analysis is a critical task for public managers, but it is still unclear which indicators are the most salient measures of financial well-being. The financial health of Detroit, Michigan is unequivocally poor, providing an interesting case to evaluate the financial condition indicators that currently exist. We calculate the key financial indicators using data from Detroit over the last 11 years. We find the indicators fall into three groups: those that show no sign of impending financial crisis, those that show a steady worsening financial condition, and those that demonstrate a substantial change immediately prior to filing bankruptcy.",

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AU - Kirschner, Charlotte

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AB - Financial condition analysis is a critical task for public managers, but it is still unclear which indicators are the most salient measures of financial well-being. The financial health of Detroit, Michigan is unequivocally poor, providing an interesting case to evaluate the financial condition indicators that currently exist. We calculate the key financial indicators using data from Detroit over the last 11 years. We find the indicators fall into three groups: those that show no sign of impending financial crisis, those that show a steady worsening financial condition, and those that demonstrate a substantial change immediately prior to filing bankruptcy.

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A Comparison of Financial Indicators: The Case of Detroit

Abstract

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