Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
Decision sciences
10 (1979), S. 0
ISSN:
1540-5915
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
The evaluation of the lease versus purchase alternative by not-for-profit hospitals presents a problem that stems from the interaction between investment and financial decisions. This paper provides an analytical framework that resolves this issue by neutralizing the impact of the lease contract on the hospital's financial structure and debt capacity. The formulation incorporates the special operating characteristics of not-for-profit hospitals: namely, they are not subject to federal income tax, and part of their revenue is generated through cost-based reimbursement.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1540-5915.1979.tb00023.x
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