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Financial Resilience: The Swedish Case
Stockholm University, Faculty of Social Sciences, Stockholm Business School.
Stockholm University, Faculty of Social Sciences, Stockholm Business School.
2017 (English)In: Governmental Financial Resilience: International Perspectives on How Local Governments Face Austerity / [ed] Ileana Steccolini, Martin Jones, Iris Saliterer, Emerald Group Publishing Limited, 2017, 187-205 p.Chapter in book (Other academic)
Abstract [en]

In this chapter, the development of financial sustainability and resilience in Swedish local governments is analysed. We analyse four Swedish municipalities, where we have interviewed top managers and co-workers. As a complement, we have examined the municipalities’ strategic plans, budget documents and annual reports. We also contextualise this analysis with other findings from local government research during this time, as well as with central government initiatives. In summary, we examine why Swedish municipalities in general remained strong after the financial crisis by showing how they strengthened their anticipatory and coping capacities over time – something that, in the cases of this chapter, was achieved before the 2008/2009 crisis in response to previous crises, rather than because of it. We also show that this is not the only reason. As Swedish finances were comparatively stable, and the problems of the banking sector relatively small, the financial shocks to the municipalities could be overcome relatively easily.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2017. 187-205 p.
Series
Public Policy and Governance, ISSN 2053-7697 ; 27
Keyword [en]
Sweden, local governments, financial sustainability, resilience, financial crisis, accounting
National Category
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-143963DOI: 10.1108/S2053-769720170000027011ISBN: 978-1-78714-263-3 (print)ISBN: 978-1-78714-262-6 (electronic)OAI: oai:DiVA.org:su-143963DiVA: diva2:1106060
Available from: 2017-06-06 Created: 2017-06-06 Last updated: 2017-06-08Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
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  • asciidoc
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