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Article
Publication date: 31 July 2020

Bhavneet Walia and Christopher John Boudreaux

Most literature studies have focused on direct treatment costs of injuries. This literature is extended to include the foregone playing time of players as an additional injury…

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Abstract

Purpose

Most literature studies have focused on direct treatment costs of injuries. This literature is extended to include the foregone playing time of players as an additional injury cost.

Design/methodology/approach

The authors have reviewed the literature on the cost of players’ injuries to professional sports leagues and other organizations.

Findings

The authors concluded that players’ injury costs are substantial and sufficiently variable to be a primary source of financial uncertainty for a team.

Originality/value

This study's value has added risk pooling and league-wide revenue sharing as tools to mitigate the risk of injury costs. Previous literature reviews focused predominately on direct treatment costs.

Details

Managerial Finance, vol. 47 no. 6
Type: Research Article
ISSN: 0307-4358

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Article
Publication date: 29 March 2019

Bhavneet Walia and Christopher John Boudreaux

The purpose of this paper is to review the literature on hospital mergers and acquisitions (M&As).

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Abstract

Purpose

The purpose of this paper is to review the literature on hospital mergers and acquisitions (M&As).

Design/methodology/approach

The authors conduct a systematic review of the literature on hospital M&As to summarize their effects upon cost of health care delivery (access), efficiency, market power, cost and price. Implications for health care industry policy are provided.

Findings

A significant majority of results conclude lower costs, increased efficiency, but higher prices (due to a market concentration effect) following hospital merger or acquisition. These results are consistent with industrial organization theory and suggest that regulatory policy (e.g. price cap regulation) will raise allocative efficiency, consumer surplus and overall market surplus within markets for hospital services.

Originality/value

This is the first study to review the price, cost and efficiency effects of M&As with respect to industrial organization theory in the context of hospitals. This study also provides regulatory policy implications.

Details

Managerial Finance, vol. 45 no. 10/11
Type: Research Article
ISSN: 0307-4358

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