Wedig, Gerard J.; Hassan, Mahmud; Van Horn, R. Lawrence; … - In: Journal of Public Budgeting, Accounting & Financial … 10 (1996) 3, pp. 413-440
In this paper we discuss the potential role capital markets will play in health care restructuring. According to theory, agency costs, asymmetric information and strategic interactions cause the cost of capital for nonprofit entities to slope upward. Freestanding nonprofits are particularly...