Economic accountablity in the context of local governance in the Philippines: a structural equation modelling approach

Roxas, Hernan Banjo and Lindsay, Valerie and Ashill, Nicholas and Victorio, Antong (2009) Economic accountablity in the context of local governance in the Philippines: a structural equation modelling approach. Asia Pacific Journal of Public Administration, 31 (1). pp. 17-37. ISSN 0259-8272

Abstract

The study's thesis posits that by virtue of the enabling role of local governments, at the core of their public accountability must include the local economic development of their locality, which is termed in this study as 'economic accountability'. Grounded on the model of accountability, enabling theory and institutional theory, the study presents empirical evidence supportive of this argument such that this enabling role, as manifested by the local governments' capacity to set up formal institutions, has direct impact on the entrepreneurial strategic posture and performance of local small and medium enterprises (SMEs) which are key players in local economic development. The results of the structural equation modelling support the view that the formal institutions as manifestations of the enabling role of city governments are positively associated with an entrepreneurial strategic posture of local firms, which consequently improves the firms’ overall economic performance. Therefore, SME development in particular and local economic development in general, should be part of the economic accountability of local governments in the Philippine context of local governance.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Author version not available.
Depositing User: Dr Hernan Banjo Roxas
Faculty / Department / School: Historic - Faculty of Business - School of Management and Marketing
Date Deposited: 21 Jun 2010 04:24
Last Modified: 01 Jul 2014 05:59
Uncontrolled Keywords: economic accountability; SMEs; Philippines; local governance
Fields of Research (FOR2008): 15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150199 Accounting, Auditing and Accountability not elsewhere classified
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150314 Small Business Management
14 Economics > 1403 Econometrics > 140301 Cross-Sectional Analysis
Socio-Economic Objective (SEO2008): E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
URI: http://eprints.usq.edu.au/id/eprint/7606

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