title: How the choice of issuing authority affects hospital debt financing costs.
abstract: All other things being equal, bonds issued by statewide authorities have lower yields than bonds issued by local authorities. However, lower yields may be offset by higher issuance costs for statewide authorities, as reflected in the true interest cost. Higher issuance costs may provide benefits for investors and for issuing hospitals.
authors.affiliation: School of Business Administration, Widener University, Chester, Pa., USA. cecarpenter@mail.widener.edu
authors.forename: Caryl E
authors.initials: CE
authors.lastname: Carpenter
authors.forename: Patrick M
authors.initials: PM
authors.lastname: Bernet
mesh_terms: D002202:Capital Financing / Q000458:organization & administration*; D002755:Choice Behavior; D005377:Financial Management, Hospital / Q000191:economics* / Q000379:methods; D014481:United States