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Article: Shareholder value and the performance of a large nursing home chain.(Quality and Guidelines)(Report)
- Article from:
- Health Services Research
- Article date:
- June 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Health Research and Educational Trust. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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During the 1990s, the U.S. nursing home industry was transformed by the growth of large, multifacility corporations (chains) through successive mergers (Kitchener and Harrington 2004). Management researchers heralded this process of nursing home "chaining" as an effective means of delivering efficiency and quality improvements in member facilities through techniques including standardization of services and knowledge transfer (Banaszak-Holl et al. 2002; Kamimura et al. 2007). In contrast, economic sociologists identify chaining as one of the managerial practices used by firms implementing the "shareholder value" concept of control which demands that corporate executives ...