Abstract
The Healthcare Industry has been changing at a rapid pace for the last several decades. To keep up with these changes hospitals have had to adapt to changes in the market including technology, competition, and the needs of their customers. In the case of the non-profit hospital, the changing scene has increased the need for medical expertise on the board of directors to help the hospital keep a competitive edge. This study investigates how shirking on the board of directors of a non-profit hospital may affect the financial integrity of the hospitals as insider directors, lacking stakeholders to report to, have an increasing say in the endeavors of non-profit hospitals. The goal of this study is to use Agency Theory to investigate the board-stakeholder relationship and empirical analysis to show the effects of shirking on the hospital.
Advisor
Sell, John
Department
Business Economics
Recommended Citation
LaJoie, Alexander D., "The Board of Doctors: How Insider Directors Affect Non-Profit Hospitals Governance" (2013). Senior Independent Study Theses. Paper 797.
https://openworks.wooster.edu/independentstudy/797
Disciplines
Economics
Keywords
corporate governance, hospitals, agency theory
Publication Date
2013
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2013 Alexander D. LaJoie