Cost of capital to the hospital sector.
作者： Frank A. Sloan , Joseph Valvona , Mahmud Hassan , Michael A. Morrisey
DOI: 10.1016/0167-6296(88)90003-3
关键词: Finance 、 Weighted average cost of capital 、 Cost of equity 、 Economics 、 Marginal cost of capital schedule 、 Equity capital markets 、 Capital adequacy ratio 、 Debt capital 、 Cost of capital 、 Return on capital
摘要: This paper provides estimates of the cost equity and debt capital to for-profit non-profit hospitals in U.S. for years 1972-83. The is estimated using, alternatively, Capital Asset Pricing Model Arbitrage Theory. We find that capital, using either model, substantially exceeded anticipated inflation. was much lower. Accounting corporate tax shield on paybacks by cost-based insurers lowered net hospitals.
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