Augurzky, Boris; Schmitz, Hendrik - Rheinisch-Westfälisches Institut für … - 2010
We analyse the fi nancial performance of small German hospitals based on balance sheet data of about 1,000 hospitals in 2007. Measures of fi nancial performance are the earnings before interest, tax, depreciation, and amortisation (EBITDA) and the probability of default (PD). We fi nd that, on...