Strategic Reporting by Nonprofit Hospitals: An Examination of Bad Debt and Charity Care

发布时间 2021-04-08 16:32:44    来源

The RAST conference held at Stanford, December 10-11, 2020 has a special focus on the role of financial reporting and disclosure and its impact on CSR (corporate social responsibility) and ESG (Environmental, Social, and Governance) policies and actions. Strategic Reporting by Nonprofit Hospitals: An Examination of Bad Debt and Charity Care Presented by Amanda Beck, Georgia State University with discussant Ranjani Krishnan, Michigan State University Given the tax advantages afforded to nonprofit hospitals, including the ability to issue tax-exempt debt, hospital managers encounter stakeholder pressure to provide community benefits. When nonprofits issue debt, they also face economic pressure to meet creditors’ financial performance expectations. The authors document a reporting strategy that allows nonprofit hospitals to reduce the cost of bond debt while simultaneously alleviating regulators’ and community members’ concerns about inadequate provision of charity care. Using data from public bond issues for California nonprofit hospitals, the authors find that hospital managers shift costs from bad debt expense to charity care in periods prior to a public bond issuance and that the strategy is associated with a lower cost of debt. The full program and additional information is available here: https://www.gsb.stanford.edu/events/review-accounting-studies-2020-conference Watch Welcome and Introduction: https://youtu.be/SynFc5e_Pts Watch Session 1 on Financial (Mis)conduct and Employee Mistreatment: Evidence from Wage Theft: https://youtu.be/8v4sia-MRf0 Watch Session 2 on Doing Good When Doing Well: Evidence on Real Earnings Management: https://youtu.be/S1G09ctti9E Watch Session 4 on Voluntary Disclosure When Private Information and Proprietary Costs Are Jointly Determined: https://youtu.be/ih_ERV3gWUA Watch Session 5 on Criminals, Bankruptcy, and Cost of Debt: https://youtu.be/jakTtJGyNjw Watch Session 6 on Monitoring or Payroll Maximization? What Happens When Workers Enter the Boardroom?: https://youtu.be/IeRhmqRRs7k Watch Session 7 on A New Take on Voice: The Influence of BlackRock’s “Dear CEO” Letters: https://youtu.be/WcVRytFUEpA Watch Session 8 on The Impact of Carbon Disclosure Mandates on Emissions and Financial Operating Performance: https://youtu.be/oH23bdt44TU Watch Current Statistics on RAST and Closing Remarks: https://youtu.be/cV6nPkqzcJI

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