This 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...

Veränderte Rahmenbedingungen im Krankenhaussektor, wie zum Beispiel das neue Vergütungssystem nach Fallpauschalen, der hohe Investitionsbedarf und Veränderungen auf Seiten der Kreditinstitute, Stichwort Basel II, erhöhen den Stellenwert der Bonität bzw. der Kreditwürdigkeit deutscher...

Health expenditures in Germany - as in almost all industrialized countries - grow more rapidly than the gross domestic product. Since a large portion of German health expenditures is financed by non-voluntary health premiums proportional to personal wages and collected by social health...