How the choice of issuing authority affects hospital debt financing costs.

Autor: Carpenter CE; School of Business Administration, Widener University, Chester, Pa., USA. cecarpenter@mail.widener.edu, Bernet PM
Jazyk: angličtina
Zdroj: Healthcare financial management : journal of the Healthcare Financial Management Association [Healthc Financ Manage] 2013 May; Vol. 67 (5), pp. 80-4.
Abstrakt: All other things being equal, bonds issued by statewide authorities have lower yields than bonds issued by local authorities. However, lower yields may be offset by higher issuance costs for statewide authorities, as reflected in the true interest cost. Higher issuance costs may provide benefits for investors and for issuing hospitals.
Databáze: MEDLINE