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Journal of Applied Corporate Finance最新文献

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The value of “Soft” supervisory information 软 "监督信息的价值
IF 0.9 Pub Date : 2024-03-22 DOI: 10.1111/jacf.12593
Charles W. Calomiris
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引用次数: 0
The case for loan market efficiency—and freedom 贷款市场效率和自由的理由
IF 0.9 Pub Date : 2024-03-22 DOI: 10.1111/jacf.12592
Charles W. Calomiris
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引用次数: 0
Another look back at Merton Miller's “Financial Markets and Economic Growth” 再看默顿-米勒的 "金融市场与经济增长"
IF 0.9 Pub Date : 2024-03-21 DOI: 10.1111/jacf.12586
Charles W. Calomiris
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引用次数: 0
Systemic risk and unrealized losses in the banking system 银行系统的系统性风险和未实现的损失
IF 0.9 Pub Date : 2024-03-20 DOI: 10.1111/jacf.12594
Paul Kupiec
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引用次数: 0
The founding of the federal banking system as a commitment to fair access 联邦银行体系的建立是对公平准入的承诺
IF 0.9 Pub Date : 2024-03-18 DOI: 10.1111/jacf.12589
Charles W. Calomiris
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引用次数: 0
The political origins of five decades of big changes in banking 银行业五十年巨变的政治根源
IF 0.9 Pub Date : 2024-03-18 DOI: 10.1111/jacf.12590
Charles W. Calomiris
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引用次数: 0
Two heads are better than one: The case for incorporating market-based information into bank supervision and regulation 两个臭皮匠胜过一个诸葛亮:将市场信息纳入银行监管的理由
IF 0.9 Pub Date : 2024-03-18 DOI: 10.1111/jacf.12595
Charles W. Calomiris
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引用次数: 0
Financial markets and economic growth 金融市场与经济增长
IF 0.9 Pub Date : 2024-02-28 DOI: 10.1111/jacf.12585
Merton H. Miller
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引用次数: 0
The role of organizational design and culture in the value-based healthcare movement: The case of the Cleveland Clinic 组织设计和文化在基于价值的医疗保健运动中的作用:克利夫兰诊所的案例
IF 0.9 Pub Date : 2024-01-16 DOI: 10.1111/jacf.12584
James K. Stoller, Bruce D. Lindsay, Don Chew

INTRODUCTION

The Cleveland Clinic was founded in 1921 as a multi-specialty group practice staffed and run by four physicians who had served in a military hospital in France during World War I. The four men—Drs. Crile, Lower, Bunts, and Philips—were inspired by a vision of a healthcare system in which physicians “acted as a unit,” collaborating in ways that departed radically from the back-then norm of fiercely independent and competitive physicians and practices. In so doing, the Cleveland Clinic challenged the status quo of physicians as “heroic lone healers.”1

Over the next 101 years, the collaborative vision that gave rise to the Clinic evolved into a nonprofit healthcare system made up of 22 hospitals and 275 outpatient facilities around the globe, including Cleveland Clinic hospitals in Abu Dhabi and London. The Main Campus in Cleveland today has some 1300 hospital beds where patients are treated by over 3000 physicians supported by 40,000 other caregivers, including 11,000 nurses. In aggregate, the Clinic now employs over 77,000 caregivers worldwide—a group that includes more than 5500 physicians and scientists, 3500 advanced practice providers, 2000 trainees, and 15,000 nurses. In 2022, this group of 77,000 treated 3.4 million patients with distinction.2 The Cleveland Clinic has consistently been ranked as a top hospital in US News and World Report rankings, with many top-ranked specialties. For example, the Clinic has been ranked #1 in the category of Cardiology and Heart & Vascular Surgery in all 29 years the rankings have been undertaken.

The stellar rankings and performance of the Clinic have also received national recognition, perhaps most memorably during President Obama's much-publicized trip to Cleveland in 2012, when the Clinic's practices and accomplishments were held up as a model for American healthcare. The Clinic's reputation owes importantly to its ongoing commitment to continuous improvement in carrying out its three-part mission of “caring for life, researching for health, and educating those who serve.” One such improvement was a fundamental and innovative transformation of the Clinic's organizational structure, or “org chart,” in 2008.

Until 2008, the Clinic was organized, like most hospitals (and colleges and their medical schools), into separate “departments” corresponding to their special areas of expertise—departments of Surgery, Internal Medicine, Neurology, and so forth. This departmental organization is a traditional structure that reflects the guild-like nature of medical training, and the bond of common experience shared by physicians working in the same specialties. Departments (or divisions) are further broken down into medical subspecialties such as Cardiology, Nephrology, Rheumatology, and Gastroenterology, and the surgical specialties of Cardiovascular Surgery, Urology, Orthopedics, and other disease-oriented surgical disciplines.

This

让每个人都在同一个团队中,使组织能够设想机构、规划机构、沟通变革、实施变革和微调概念,所有这一切都不需要咨询利益集团或与内部游说团体打交道。"强大的力量 "加剧了这种对变革的抵制,包括 "惯性和继续按老办法做事的诱惑"。"毕竟",正如科斯格罗夫所说,"克利夫兰诊所已经是世界上最成功的医院之一,如果它没有坏掉,为什么要修补它呢?"在接下来的篇幅中,我们试图解释为什么在2008年接受研究所模式--科斯格罗夫在其2014年的书中称克利夫兰诊所 "比任何组织都推得更远"--应该被视为克利夫兰诊所不断发展的一个关键新阶段,即成为其四位创始人在1921年所设想的日益 "以患者为中心 "的价值型医疗机构。为了进一步证明诊所一直致力于确保其组织结构尽可能充分地支持其三方使命,诊所目前正在对研究所模式进行又一次修订。(我们稍后将详细讨论这种新的运营模式,其目标是加强诊所的能力,使其不仅能够提供全球统一的患者治疗效果和体验,并因此获得国际声誉,而且还能将这些保证扩展到诊所全球众多医疗点的所有 "护理人员"--护士和受训人员以及医生和科学家--及其当地社区。我们的长期目标是成为医疗保健行业的最佳就医场所和最佳工作场所。正如科斯格罗夫在书中所言,哈佛商学院的战略大师迈克尔-波特(Michael Porter)等人一直在倡导这种基于价值的医疗愿景,以及为实现这一愿景而设计和实施的 "研究所模式"。考虑到科斯格罗夫和诊所可能欠波特的人情(尽管这种影响很可能是相互的、相辅相成的),我们的解释从简要回顾波特基于价值的医疗服务理念的六个主要原则开始,并说明每个原则是如何影响诊所的实践的。在此过程中,我们借鉴了标准理论,即一个组织的结构应旨在实现其使命和战略。最后,我们以该诊所为例,说明一个组织的 "文化"--反映在其共同的价值观和规范中--是如何依赖于其结构并得到其结构的强化,同时促进其成功和持久力的。
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引用次数: 0
Corporate culture in a new era: Views from the C‐suite* 新时代的企业文化:来自首席执行官的观点*
IF 0.9 Pub Date : 2023-12-07 DOI: 10.1111/jacf.12582
John R. Graham, Jillian Grennan, Campbell R. Harvey, Shivaram Rajgopal
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引用次数: 0
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Journal of Applied Corporate Finance
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