Hospital Governance, Performance Objectives, and Organizational Form / Leslie Eldenburg, Benjamin E. Hermalin, Michael S. Weisbach, Marta Wosinska.

Format:

Book

Author/Creator:

Eldenburg, Leslie.

Contributor:

National Bureau of Economic Research.

Hermalin, Benjamin E.

Weisbach, Michael S.

Wosinska, Marta.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8201.

NBER working paper series no. w8201

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2001.

Summary:

This paper studies the governance of a sample of California hospitals. We document a number of empirical relations about hospital governance: The composition of the board of directors varies systematically across ownership types; poor performance and low levels of uncompensated care increase board turnover, with this sensitivity varying by organizational type. Poor performance, high administrative costs, and high uncompensated care lead to higher CEO turnover, with these effects again varying across different organizational types. Overall, these results are consistent with the view that boards of directors of hospitals of different organizational forms are substantially different, and that these boards make decisions to maximize different objective functions.

Notes:

Print version record

April 2001.