Multimodal transportation is a transportation process completed by connecting and
transporting two or more vehicles, also known as combined transportation. Road …

Scholars have shown the importance of financial resources to organizational performance.
More money should enhance performance. However, this predicted link between funding …

While credit rating agencies mention that a government factor is one criterion for assessing
municipal bond ratings, current studies on credit ratings offer relatively little evidence as to …

The growth of unfunded pension liabilities has raised concern over states' fiscal
sustainability and threatens their ability to access the capital market. Over the past decade …

Given the significant amount of public infrastructure spending and the widely expressed
concern about the declining quality of the American public infrastructure system, research …

Purpose The purpose of this paper is to evaluate whether the additional infrastructure
information in US state financial statements improves infrastructure quality …

This article examines the effect of the US state governments' fiscal transparency on their
credit quality. Although government credit quality essentially measures the debt default risk …

The American states have witnessed historical budget declines since the advent of the 2007
Great Recession. Facing worsening economic conditions and dramatically declining …

IMPACT This paper finds that the political influence of a local mayor on the appointment of
the chief administrative officer (CAO) has a negative influence on the financial outcomes of …

Existing punctuated equilibrium theory (PET) literature identifies the causes of policy
punctuations. However, there are a lack of theoretical and empirical studies on the effects of …