Title: Benchmarking and its use in financial analysis of local self-government

Authors: Radomíra Hornyák Gregáňová; Roman Vavrek; Viera Papcunová

Addresses: Department of Mathematics, Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 949 76 Nitra, Slovakia ' Department of Public Economics, Faculty of Economics, VŠB – Technical University of Ostrava, Sokolská tř. 33, Ostrava, Czech Republic ' Institute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, Tr. A. Hlinku 1, 949 74 Nitra, Slovakia; Department of Regional Economics and Administration, Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic

Abstract: Benchmarking was created in the private sector, but now to be successful it is introduced also into the public sector. The aim of the paper is to use the benchmarking indicators for the evaluation of the financial management of municipalities of selected countries. The analysis showed that within the monitored benchmarking indicators, it is possible to observe significant differences between Slovak, Czech and Polish municipalities within their financial management. At the same time, the analysis also pointed to the fact that the financial management of municipalities in all analysed countries, despite fiscal decentralisation is still strongly influenced by the state.

Keywords: benchmarking; municipality; financial management; incomes; expenditures; Slovak Republic; Czech Republic; Poland; comparison; correlation; regression.

DOI: 10.1504/IJPMB.2021.117334

International Journal of Process Management and Benchmarking, 2021 Vol.11 No.5, pp.601 - 619

Received: 06 May 2019
Accepted: 09 Jun 2019
Published online: 31 Aug 2021 *

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