Work detail

Changes in Hospital Financial Performance after Legal Form Conversion

Author: Mgr. Adam Jankura
Year: 2013 - summer
Leaders: Mgr. Henrieta Tulejová M.S.
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: English
Pages: 79
Awards and prizes:
Link:
Abstract: This thesis examines the effect of corporatization, i.e. pure legal form conversion of contributory
organizations into joint-stock companies, on financial performance of 77 Czech non-privatized
general hospitals during 2001-2011. Using differences-in-differences estimation the effect on
overall financial performance was not confirmed. Regarding individual performance components
different changes in revenues and costs per inpatient day (relative to non-corporatized hospitals)
were recognized after different corporatizations periods. Both revenues and costs measures
either increased or decreased after 2003 & 2004 and 2005 corporatization respectively; and
were maintained after 2006 & 2007 period. Ambiguous effect of corporatization on financial
performance is consistent with the principal-agent theory developed in this thesis.

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