Ownership, Control, Agency and Residual Claims in Healthcare:Insights on Co-operatives and Non-profit Organisations


Many issues surrounding healthcare entities’ performance can be traced to their governance and ownership. Increasingly, public services are being provided by non-profit organizations and/or cooperatives, particularly in the healthcare sector. This is not unproblematic. We draw on the conceptual separation of ownership and control, and the notion of firm ownership to derive a taxonomy of dimensions along which a contractual- and property rights theory of the firm can be structured, in order to determine the nature of firms’ differences. We utilize the taxonomy to illustrate important distinctions between non-profit and cooperative firms in the primary healthcare sector and propose testable hypotheses. Funders and regulators must recognise the differences between these firms, if public funding of healthcare is to achieve the expected outcomes.

Publication DOI: https://doi.org/10.1111/apce.12156
Divisions: College of Business and Social Sciences > Aston Business School > Accounting
Additional Information: Copyright © 2017 by John Wiley & Sons. This is the peer reviewed version of the following article: [Ownership, Control, Agency and Residual Claims in Healthcare: Insights on Co-operatives and Non-profit Organisations Cordery, C. J. & Howell, B. 14 Aug 2017 In : Annals of Public and Cooperative Economics. 88, 3, p. 403-424 10.1111/apce.12156], which has been published in final form at [http://doi.org/10.1111/apce.12156]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Uncontrolled Keywords: Primary healthcare; ,ownership,non-profit;
Publication ISSN: 1467-8292
Full Text Link: http://www.scop ... tnerID=MN8TOARS
Related URLs: https://onlinel ... 1111/apce.12156 (Publisher URL)
PURE Output Type: Article
Published Date: 2017-08-14
Published Online Date: 2016-10-26
Accepted Date: 2016-10-01
Authors: Cordery, Carolyn J. (ORCID Profile 0000-0001-9511-7671)
Howell, Bronwyn



Version: Accepted Version

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