Die "Ökonomisierung" des Gesundheitswesens und somit auch des Krankenhausmarktes macht sich seit Beginn der neunziger Jahre verstärkt in der Eigentümerstruktur der Krankenhäuser bemerkbar (Neubauer 1999). Sie äußert sich u. a. in einer Verschiebung der Anteile an der Versorgung aller...

The privatisation of hospitals, i.e. a change in their type of ownership from the municipal and private non-profit type to the private profit-oriented type, has been the subject of heated debate ever since this development began back in the early 1990s. To objectivise this debate, the Fact Books...

The period 2010-2012 saw a dramatic increase in the number of Chinese firms listed in the United States announcing deals to delist and go private. We argue that accounting scandals and legal uncertainties involving Chinese firms in recent years may have caused outside investors to struggle to...

Hospital markets are often characterised by price regulation and the existence of different ownership types. Using a Hotelling framework, this paper analyses the effect of different objectives of the hospitals on quality, profits, and overall welfare in a price regulated duopoly with symmetric...

This study investigates the relation between product market competition and financial default. Prior literature offers alternative views on how competition affects default, predicting either a positive relation, related to a risk-increasing effect, or a negative relation, related to a...