Finance theory and hospital cash balances.
J Health Care Finance
; 39(3): 23-31, 2013.
Article
em En
| MEDLINE
| ID: mdl-23614264
ABSTRACT
Competing financial theories have been offered to understand hospitals' cash holding with scant recent evidence. Using data from a national sample of 608 not-for-profit hospitals, we find support for the trade-off theory which posits targeted cash balances. We do not find support for the financial hierarchy theory which posits a preference for use of cash to pay for capital investments. Findings apply to holdings of cash and marketable securities, but not board-designated funds where no model provided meaningful explanatory power.
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Coleções:
01-internacional
Contexto em Saúde:
1_ASSA2030
Base de dados:
MEDLINE
Assunto principal:
Administração Financeira de Hospitais
/
Modelos Teóricos
Tipo de estudo:
Health_economic_evaluation
/
Prognostic_studies
País/Região como assunto:
America do norte
Idioma:
En
Revista:
J Health Care Finance
Ano de publicação:
2013
Tipo de documento:
Article