A Comparison of Financial Indicators: The Case of Detroit

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

Research output: Contribution to journalArticle

18 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 languageEnglish (US)
Pages (from-to)90-111
Number of pages22
JournalPublic Budgeting and Finance
Volume35
Issue number4
DOIs
StatePublished - 2015
Externally publishedYes

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ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Public Administration

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