TABLE 4.
Governance Configuration as a Predictor of Financial, Strategic, and Operational Performance: Stratified Analysis by Ownership and System Affiliation
| Efficiency | Occupancy | Adjusted Admissions | Market Share | Cash Flow | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| β | SE | β | SE | β | SE | β | SE | β | SE | |
| Private | 0.054 | 0.034 | 5.804 | 1.513 | 0.105*** | 0.027 | 0.045 | 0.023 | 0.006 | 0.023 |
| Public | 0.257** | 0.066 | 0.546 | 2.916 | 0.176** | 0.058 | 0.051 | 0.040 | 0.099** | 0.036 |
| System affiliation | 0.197** | 0.129 | 4.201 | 2.805 | 0.061 | 0.051 | 0.022 | 0.105 | 0.046 | 0.053 |
| Freestanding | 0.099** | 0.022 | 3.790* | 1.561 | 0.148*** | 0.028 | 0.050 | 0.014 | 0.051* | 0.022 |
Notes: For the sake of parsimony, only the coefficients of the governance configuration variable are presented; full model results are available from the authors.
*
p < 0.05;
**
p < 0.01;
***
p < 0.001.