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dc.contributor.authorAugurzky, Borisen_US
dc.contributor.authorEngel, Dirken_US
dc.contributor.authorSchmidt, Christoph M.en_US
dc.contributor.authorSchwierz, Christophen_US
dc.date.accessioned2009-07-30en_US
dc.date.accessioned2010-02-12T15:26:38Z-
dc.date.available2010-02-12T15:26:38Z-
dc.date.issued2009en_US
dc.identifier.isbn978-3-86788-137-1en_US
dc.identifier.urihttp://hdl.handle.net/10419/29946-
dc.description.abstractThis paper considers the role of ownership form for the financial performance of German acute care hospitals and its development over time. We measure financial performance by a hospital-specific yearly probability of default (PD). Using a panel of hospital data, our models allow for state dependence in the PD as well as unobserved individual heterogeneity. We find that private ownership is more likely to be associated with sound levels in financial performance than public ownership. Moreover, state dependence in the PD is substantial, albeit not ownership-specific.Finally, our evidence suggests that overall efficiency may be enhanced most by closing down some loss-making public hospitals rather than by their restructuring, especially because the German hospital market has substantial excess capacities.en_US
dc.language.isoengen_US
dc.publisherRWI Essenen_US
dc.relation.ispartofseriesRuhr economic papers 123en_US
dc.subject.jelI11en_US
dc.subject.jelI18en_US
dc.subject.ddc330en_US
dc.subject.keywordHospitals ownershipen_US
dc.subject.keywordfinancial performanceen_US
dc.subject.keywordstate dependenceen_US
dc.subject.stwKrankenhausfinanzierungen_US
dc.subject.stwEigentümerstrukturen_US
dc.subject.stwKreditwürdigkeiten_US
dc.subject.stwDeutschlanden_US
dc.titleOwnership and financial performance in the German hospital sectoren_US
dc.typeWorking Paperen_US
dc.identifier.ppn605641552en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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Ruhr Economic Papers, RWI

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