Soft budget constraints and ownership: Empirical evidence from US hospitals
Shen_Soft_budget_constraints_2011.pdf (146.0Kb)Date
2011-01Metadata
Show full item recordAbstract
Consistent with the property rights theory of ownership incorporating soft budget constraints (SBCs), we find
that controlling for SBCs, for-profit hospitals drop safety-net services more often and exhibit higher mortality
rates, suggesting aggressive cost control that damages non-contractible quality.
Description
The article of record as published may be found at http://dx.doi.org/10.1016/j.econlet.2010.09.016