We contend that the decision between public and private ownership can be understood in a cost-benefit framework where … firms trade-off the governance benefits of private ownership with the potentially lower capital costs of public ownership …. Consequently, ownership structure can be understood by examining the governance model that maximizes firm value. We discuss the …

It is unclear how to perform ownership restructuring when an asset is privately held and there is uncertainty as to the … owners' subjective valuations. When ownership is divided equally between two owners, a mechanism commonly used in practice is …

contrast, for-profit chains have made few inroads in other countries. The literature on hospital ownership addresses three …. Reasons involve: transactions costs of various ownership forms; fiduciary relationships between patients and providers; public … various ownership forms must provide a partial explanation for observed patterns of hospital ownership. There is a rich …