Open Access
Article
SciPap-885
Regional Capitols in Slovakia and Their Financial Health
by
Andrea Tkáčová 1,* and Peter Konečný 2
1 Faculty of Economics, Technical University of Košice, Nemcovej 32, Košice 04001, Slovakia
2 Faculty of Economics, Technical University of Košice, Nemcovej 32, Košice 04001, Slovakia
* Authors to whom correspondence should be addressed.
Abstract: This paper focuses on the comparison of the financial health of regional capitols in Slovakia. The theoretical part of the paper offers insight into the current understanding of the financial health of cities. The main focus is on differences in the understanding of this concept and the definition of basic financial indicators to be used to evaluate the financial health of cities. Subsequently, the selected 13 financial indicators that we used in creating their own comprehensive indicator of financial health. It is calculated separately for the regional capitols of Slovakia in the years 2011- 2014. In this paper we present the outcome of the main causes of the financial health of the regional capitol. Designed a comprehensive indicator is then compared with the results of indicator Institute Ineko who engages in assessing the financial health of all cities in Slovakia.
Keywords: Financial Health, Liquidity, Regional Capitols, Comprehensive Indicator, Indebtedness, Rentability
JEL classification: H70 - General, H72 - State and Local Budget and Expenditures, H75 - State and Local Government: Health • Education • Welfare • Public Pensions
SciPap 2017, 25(3), 885
Received: 1 September 2016 / Accepted: 23 October 2017 / Published: 5 December 2017
