Profits, Reputation, and the Risk of Medical Malpractice Liability
| العنوان: | Profits, Reputation, and the Risk of Medical Malpractice Liability |
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| المؤلفون: | Yue Maggie Zhou, Na-Eun Cho |
| المصدر: | Strategy Science. 6:228-243 |
| بيانات النشر: | Institute for Operations Research and the Management Sciences (INFORMS), 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Actuarial science, business.industry, Legal liability, Strategy and Management, media_common.quotation_subject, 05 social sciences, Liability, Medical malpractice, Management Science and Operations Research, Management of Technology and Innovation, 0502 economics and business, Health care, Quality (business), Business, 050207 economics, Business and International Management, health care economics and organizations, 050203 business & management, Reputation, media_common |
| الوصف: | We investigate the classic strategy choice between low cost and high quality when quality is not directly observable and legal liability about quality is uncertain. In addition, we investigate how for-profit and nonprofit organizations differ in their responses to a changing risk of quality liability. Our theoretical analysis predicts that nonprofit organizations, because of their lesser dependence on profits and greater dependence on support from donors and local communities based on perceived quality, will adjust their investment in quality more aggressively than for-profit organizations in response to exogenous changes in the risk of quality liability. This difference in responsiveness will be greater for organizations with better reputations for quality. We find support for these predictions using data on hospital medical expenditures, state medical malpractice awards, and tort reforms in the United States for 1997–2006. |
| تدمد: | 2333-2077 2333-2050 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_________::50be27aea165c0699593e7dac78587a7Test https://doi.org/10.1287/stsc.2021.0128Test |
| رقم الانضمام: | edsair.doi...........50be27aea165c0699593e7dac78587a7 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 23332077 23332050 |
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