Hospitals’ debt and profitability. Does a form of activity make a difference?

Rafał Siedlecki , Agnieszka Bem , Paweł Prędkiewicz , Paulina Ucieklak-Jeż

Abstract

The aim of the study is analysis of the financial situation of Polish hospitals, commercial and non-commercial ones. While non-commercial hospitals constitute quite homogenous group, commercial ones are very diversified – comprised of small private entities, as well as big, commercialised public hospitals. We pose the following research hypotheses: (H1) hospitals operating in the form of companies have higher profitability; (H2) hospitals operating in the form of companies have lower debt indicators, (H3) hospitals operating in the form of companies are in better financial condition. Our major findings: (1) hospitals operating in the form of companies do not reach higher profitability or efficiency; (2) in the case of non-commercial hospitals debt ratios are significantly higher than in the case of companies; (3) financial health is generally poor, although clearly better in the case of hospitals operating as a company. We analyse 184 hospitals (2015 year). Data comes from EMIS Database
Author Rafał Siedlecki (MISaF / IZF / DoCFaPF)
Rafał Siedlecki,,
- Department of Corporate Finance and Public Finance
, Agnieszka Bem (MISaF / IZF / DoCFaPF)
Agnieszka Bem,,
- Department of Corporate Finance and Public Finance
, Paweł Prędkiewicz (ES / DF)
Paweł Prędkiewicz,,
- Department of Finance
, Paulina Ucieklak-Jeż - Jan Dlugosz University in Czestochowa (UJD)
Paulina Ucieklak-Jeż,,
-
Pages610-618
Publication size in sheets0.5
Book Kapounek Svatopluk, Krutilova Veronika (eds.): 21th Annual International Conference Conference. Enterprise and Competitive Environment. Conference Proceedings, 2018, Mendel University in Brno, ISBN 9788075095619, 745 p.
Keywords in Englishhospitals, debt, profitability, form of activity
URL http://ece.mendelu.cz/wcd/w-rek-ece/ece2018_fin.pdf
Languageen angielski
Score (nominal)5
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