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Cost of capital target rate of return and investment decision making.

机译:资金成本目标回报率和投资决策。

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摘要

Recent attempts to develop an investment decision criterion for nonprofit hospitals that follows that for-profit criteria have resulted in little agreement. Terminological considerations are much to blame for this lack of consensus among researchers in the field. Attempts have been made to identify a "cost of capital" for nonprofit institutions, and to employ this concept in a manner similar to the way it is employed in a for-profit setting. In fact, the application of this concept to nonprofit institutions has resulted in confusion. The use of "target rate of return" in its place would orient the debate more properly toward institutional ends and the means required to achieve them.
机译:继为营利性准则制定非营利性医院的投资决策标准的最新尝试后,几乎没有达成一致。术语研究应归咎于该领域研究人员之间缺乏共识。已经尝试确定非营利机构的“资本成本”,并以与营利性机构所采用的方式相似的方式来采用该概念。实际上,这一概念在非营利机构中的应用引起了混乱。使用“目标回报率”代替它可以使辩论更恰当地针对制度目标和实现这些目标所需的手段。

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