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Do Debt Policies Make a Difference in Finance Officers' Perceptions of the Importance of Debt Management Factors?
Author(s) -
Simonsen Bill,
Robbins Mark D.,
Kittredge Bill
Publication year - 2001
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/0275-1100.00038
Subject(s) - debt , senior debt , debt levels and flows , perception , internal debt , debt financing , debt to gdp ratio , government (linguistics) , finance , economics , business , public economics , psychology , linguistics , philosophy , neuroscience
This article explores the importance of various debt policy factors using a national survey of government finance officers. Further, it examines whether the presence of a particular factor in a debt policy influences finance officers' perception of its importance. We find that debt policies tend to be technical in nature and that broad policy issues are most often not included in debt policies. Moreover, we find that the inclusion of debt management factors in debt policies has a powerful influence on their perceived importance by public managers.