全球智库信息集成服务系统(G2TT): Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w28709
来源ID	Working Paper 28709
	Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes
	Cyrus Aghamolla; Pinar Karaca-Mandic; Xuelin Li; Richard T. Thakor
发表日期	2021-04-26
出版年	2021
语种	英语
摘要	This study examines the link between credit supply and hospital health outcomes. Using detailed data on hospitals and the banks that they borrow from, we use bank stress tests as exogenous shocks to credit access for hospitals that have lending relationships with tested banks. We find that affected hospitals shift their operations to enhance their profit margins in response to a negative credit shock, but reduce the quality of their care to patients across a variety of measures. In particular, affected hospitals exhibit significantly lower attentiveness in providing timely and effective treatment and procedures and are rated substantially lower in patient satisfaction. This decline in care quality is reflected in health outcomes: affected hospitals experience a significant increase in risk-adjusted, unplanned 30-day readmission rates of recently discharged patients and in risk-adjusted 30-day patient mortality rates. Overall, the results indicate that access to credit can affect the quality of healthcare hospitals deliver, pointing to important spillover effects of credit market frictions on health outcomes.
主题	Financial Economics ; Financial Institutions ; Corporate Finance ; Health, Education, and Welfare ; Health
URL	https://www.nber.org/papers/w28709
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/586382
推荐引用方式 GB/T 7714	Cyrus Aghamolla,Pinar Karaca-Mandic,Xuelin Li,et al. Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes. 2021.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w28709.pdf（2815KB）	智库出版物		限制开放	CC BY-NC-SA	浏览