New development: Determinants of financial performance in public organizations |
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Authors: | Stijn Goeminne Bert George |
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Institution: | 1. Department of Economics, Ghent University, Belgium;2. Department of Public Administration, Erasmus University Rotterdam, The Netherlands |
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Abstract: | In the slipstream of NPM, public organizations worldwide have had to increase their financial performance by adopting management practices. Nonetheless, financial performance (FP) might be mostly predicted by contingencies that are not within direct managerial control. Drawing on evidence from 308 Flemish municipalities, this article shows that organizational and environmental contingencies affect FP, but a significant amount of variation in FP is unexplained—indicating that management could well matter. |
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Keywords: | Contingency theory local government municipalities New Public Management public service performance |
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