Hospital ®nancial ratio classi®cation patterns revisited: Upon considering non®nancial information
نویسنده
چکیده
My paper ®rst considers the relationship between nonaccounting information and traditional hospital ®nancial ratios. I found that nonaccounting information represents separate characteristics of hospital ®nancial performance. Second, the link between factors produced in the ®rst stage of the analysis and one dimension of hospital ®nancial performance, creditworthiness, is assessed. Bond ratings are used as a proxy for creditworthiness. I found that nonaccounting information is highly signi®cant in explaining bond ratings. Ó 2000 Elsevier Science Ltd. All rights reserved.
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