Neveral cau8ea may explain the rapid acccleration in hospital costs with the advent of dfedicure and Medicaid. To sort out the influence of these separate faotors, thi.9 article presents certain types of evidence of ho8pitaJ coat inflation in the flr8t 2 years of Medicare: overall trend8 in ho8pitaZ revenue8 and expenses, labor and capital components of cost inflation, trend8 in individual hosp...

It is expected that more accounting conservation (environmental uncertainty) reduces manager optimism. Prior research, however, has struggled to establish this relation empirically. Moreover, some evidence points to the possibility that the manager optimism is lower for firms with more accounting conservation. In this paper, the author examine the link between accounting conservation, environme...

This study examines the association between the cost of debt capital and corporate governance practices. Utilizing a unique data set of firm-level corporate governance practices that is provided by the Korea Corporate Governance Service (KCGS), this study examines whether sound corporate governance practices reduce agency costs and thus the default risk and cost of debt capital of a firm. The f...

This paper examines why a financial entity’s solvency capital estimation might be underestimated if the total amount required is obtained directly from a risk measurement. Using Monte Carlo simulation we show that, in some instances, a common risk measure such as Value-at-Risk is not subadditive when certain dependence structures are considered. Higher risk evaluations are obtained for independ...

he Federal Reserve System provides services to depository financial institutions through the twelve Federal Reserve Banks. According to the Monetary Control Act of 1980, the Reserve Banks must price these services at levels that fully recover their costs. The act specifically requires imputation of various costs that the Banks do not actually pay but would pay if they were commercial enterprise...

This paper uses a multi-stage education model to identify the human capital dynamic linkage in early childhood development, namely how children’s pre-kindergarten human capital levels affect their schooling efficiency and outcomes. The human capital dynamic linkage is significantly positive, and estimation without controlling for endogeneity is downward biased. The human capital dynamic linkage...

OBJECTIVE To explore the variance of unit costs of hospital medical services due to different costing methods employed in the analysis. METHODS Retrospective and descriptive study at Kaengkhoi District Hospital, Saraburi Province, Thailand, in the fiscal year 2002. The process started with a calculation of unit costs of medical services as a base case. After that, the unit costs were re-calcu...