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Articles 1 - 3 of 3
Full-Text Articles in Finance and Financial Management
Social Determinants Of Health: The Impact On Health Outcomes And Hospital Profitability, Danielle Mcpherson
Social Determinants Of Health: The Impact On Health Outcomes And Hospital Profitability, Danielle Mcpherson
Doctor of Business Administration Dissertations
Hospitals are experiencing decreasing profitability due to increasing healthcare cost. In this paper, I demonstrate that there is financial value to hospitals by addressing social determinants of health (SDOH) as this strategy improves health outcomes and yields cost savings. I estimate the impact of SDOH on the health outcomes using an IV probit regression analysis and estimated the impact of health outcomes on cost using a basic linear regression. I estimate that improving SDOH by one standard deviation will result in hospital cost savings as follows: addressing Violent Crime will decrease hospital cost between 0.16% and 0.21%, addressing Supplemental Nutrition …
Does Debt Matter? Empirical Analysis Of Sovereign Debt Default, Juan Pablo Espinosa
Does Debt Matter? Empirical Analysis Of Sovereign Debt Default, Juan Pablo Espinosa
Doctor of Business Administration Dissertations
Sovereign debt default can have significant economic, social, and reputational costs. For this reason, policy makers across the globe are constantly trying to balance fiscal policy and economic growth. Many of them, however, are still unable to do so and fall into sovereign debt default. This research paper looks at 52 sample countries from 1980 to 2018 and examines whether sovereign debt default can be explained by the gap between GDP growth and interest rates and/or debt-to-GDP levels. Through a series of empirical analysis, I find that if GDP growth is higher than interest rates, risk of default is typically …
Essays On Asset Pricing: A Model Comparison Perspective, Lingxiao Zhao
Essays On Asset Pricing: A Model Comparison Perspective, Lingxiao Zhao
Arts & Sciences Electronic Theses and Dissertations
In my dissertation, I focus on theoretical and empirical asset pricing from a Bayesian model comparison perspective. In the first Chapter, revisiting the framework of Barillas and Shanken (2018), BS henceforth, we show that the Bayesian marginal likelihood-based model comparison method in that paper is unsound: the priors on the nuisance parameters across models must satisfy a change of variable property for densities that is violated by the Jeffreys priors used in the BS method. Extensive simulation exercises confirm that the BS method performs unsatisfactorily. We derive a new class of improper priors on the nuisance parameters, starting from a …