Does access to capital affect cost stickiness? Evidence from China

Does smoking status affect cost of hospitalization? Evidence from three main diseases associated with smoking in Iran

    Background: Smoking is recognized as one of the main public health problems worldwide and is accounted for a high financial burden to healthcare systems and the society as a whole. This study was aimed at examining the effect of smoking status on cost of hospitalization among patients with lung cancer (LC), chronic obstructive pulmonary disease (COPD) and ischemic heart disea...

When Does Information Asymmetry Affect the Cost of Capital?

This paper examines when information asymmetry among investors affects the cost of capital in excess of standard risk factors. When equity markets are perfectly competitive, information asymmetry has no separate effect on the cost of capital. When markets are imperfect, information asymmetry can have a separate effect on firms’ cost of capital. Consistent with our prediction, we find that infor...

Does Scale of Public Hospitals Affect Bargaining Power? Evidence From Japan

Background Many of public hospitals in Japan have had a deficit for a long time. Japanese local governments have been encouraging public hospitals to use group purchasing of drugs to benefit from the economies of scale, and increase their bargaining power for obtaining discounts in drug purchasing, thus improving their financial situation. In this study, we empirically investigate whether or no...

How Does Land Title Affect Access to Credit? Empirical Evidence from an Emerging Economy

This paper studies the effects property rights on credit access using a unique data set based on a Brazilian land-titling program affecting 85,000 families. The causal role of land title is isolated by comparing two communities in Osasco, where some residential units are allocated titles and others not. Survey data is collected from residents before and after the title granting. In order to est...

Does Human Capital Affect Rural Economic Growth? Evidence from the South