Agency implications of debt in not-for-profit hospitals: A conceptual framework and overview Export

@article{citeulike:1768613, abstract = {This article argues that mainstream finance theories about the agency role of debt in for-profit corporations may not apply fully in a not-for-profit hospital context. We outline a set of propositions about the impact of not-for-profit status on capital structure decisions and related agency relationships. By examining not-for-profit hospitals in the context of finance theories on debt, we raise concerns that debt financing may exacerbate or create agency problems, rather than resolve them.}, author = {Magnus, S. A. and Smith, D. G. and Wheeler, J. R. C.}, citeulike-article-id = {1768613}, journal = {Research in Healthcare Financial Management}, keywords = {finance, hospitals}, number = {1}, pages = {7--17}, posted-at = {2007-10-15 03:22:55}, priority = {0}, title = {Agency implications of debt in not-for-profit hospitals: A conceptual framework and overview}, volume = {8}, year = {2003} }

TY - JOUR ID - citeulike:1768613 L3 - citeulike-article-id:1768613 N2 - This article argues that mainstream finance theories about the agency role of debt in for-profit corporations may not apply fully in a not-for-profit hospital context. We outline a set of propositions about the impact of not-for-profit status on capital structure decisions and related agency relationships. By examining not-for-profit hospitals in the context of finance theories on debt, we raise concerns that debt financing may exacerbate or create agency problems, rather than resolve them. IS - 1 JF - Research in Healthcare Financial Management EP - 17 TI - Agency implications of debt in not-for-profit hospitals: A conceptual framework and overview VL - 8 SP - 7 KW - finance KW - hospitals AU - Magnus, SA AU - Smith, DG AU - Wheeler, JRC PY - 2003/// ER -