Finance theory and hospital cash balances.

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2013
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Abstract
Competing financial theories have been offered to understand hospitals' cash holding with scant recent evidence. Using data from a national sample of 608 not-for-profit hospitals, we find support for the trade-off theory which posits targeted cash balances. We do not find support for the financial hierarchy theory which posits a preference for use of cash to pay for capital investments. Findings apply to holdings of cash and marketable securities, but not board-designated funds where no model provided meaningful explanatory power.
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rivenson2013financejournal Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Rivenson, Howard L;Smith, Dean G;
Journal journal of health care finance
Year 2013
DOI
DOI not found
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Keywords
branches cash optimization function of cash flow costs stochastic model transaction demand for cash

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