Stakeholders, governance and output | research seminar

Join us at this finance research seminar on Stakeholders, Governance, and Output: Evidence from the Hospital Sector.

UNIVERSITY OF TECHNOLOGY SYDNEY
Finance Department
Research Seminars in Finance

Christoph Herpfer

Paper Title: Stakeholders, Governance, and Output: Evidence from the Hospital Sector

Speaker: Christoph Herpfer, Emory University

Time and Date: 12 – 1 pm, Wednesday 5 April 2023  (AEST)

Venue: Face-to-face seminar in room CB08.08.02, Level 8, Building 8, University of Technology Sydney, 14-28 Ultimo Rd, Ultimo, Sydney, Australia (Map of campus)

Abstract:  This paper studies the effect of stakeholder orientation on management and performance in the hospital sector. We exploit stakeholder orientation variation that results from state-level law changes governing the conversion of hospitals from nonprofit to for-profit. We show that for-profit orientation reduces hospital spending on emergency rooms, Medicaid patients and research activity, while simultaneously increasing the focus on revenue generation. Consistent with negative spillover effects, nonprofit hospitals located nearby converting hospitals experience an increase in emergency room visits. Finally, we investigate potential changes in hospital governance to align corporate behavior with stakeholders. Newly converted for-profit hospitals replace senior executives and adjust board composition by replacing MDs with MBAs. Paper is not available for this presentation.

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Co-ordinator: Kenny Phua
Enquiries: Chloe Qu

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UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.