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dc.contributor.authorAugurzky, Borisen
dc.contributor.authorEngel, Dirken
dc.contributor.authorSchmidt, Christoph M.en
dc.contributor.authorSchwierz, Christophen
dc.date.accessioned2009-07-30-
dc.date.accessioned2010-02-12T15:26:38Z-
dc.date.available2010-02-12T15:26:38Z-
dc.date.issued2009-
dc.identifier.isbn978-3-86788-137-1en
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
dc.language.isoengen
dc.publisher|aRheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) |cEssenen
dc.relation.ispartofseries|aRuhr Economic Papers |x123en
dc.subject.jelI11en
dc.subject.jelI18en
dc.subject.ddc330en
dc.subject.keywordHospitals ownershipen
dc.subject.keywordfinancial performanceen
dc.subject.keywordstate dependenceen
dc.subject.stwKrankenhausfinanzierungen
dc.subject.stwEigentümerstrukturen
dc.subject.stwKreditwürdigkeiten
dc.subject.stwDeutschlanden
dc.titleOwnership and Financial Performance in the German Hospital Sector-
dc.typeWorking Paperen
dc.identifier.ppn605641552en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:rwirep:123en

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