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- W3011882603 abstract "The Orange County bankruptcy, which is the largest municipal bankruptcy in the U.S., reflects serious problems in the governmental process, and poses tough questions about the tradeoff between entrepreneurship and accountability in the era of financial distress facing local governments. The critical factor in the bankruptcy was the lack of accountability of public employees who adopted extremely risky investment strategies to earn higher returns at the expense of the safety of public funds. Although entrepreneurship has been advocated to improve government efficiency and solve fiscal problems of local governments, the Orange County bankruptcy warns us that we should be aware of not only the benefits but also the costs of public entrepreneurship, which are potentially serious financial burden on taxpayers and the loss of public trust in governments." @default.
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- W3011882603 title "Case Study : Financial Distress and Entrepreneurship in Local Governments ; Lessons from the Bankruptcy of Orange County , California" @default.
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