## Abstract This article divides financial issues into capacity and sustainability in two time frames: long and short. Long term emphasizes maintaining services; short term emphasizes resiliency. An organization's longβterm financial capacity is sustainable if its rate of change is sufficient to ma
New economic and financial indicators of sustainability
β Scribed by James Pittman; Kevin Wilhelm
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 117 KB
- Volume
- 2007
- Category
- Article
- ISSN
- 0271-0579
- DOI
- 10.1002/ir.213
No coin nor oath required. For personal study only.
β¦ Synopsis
Abstract
Financial accounting methods fall short of fully accounting for the relative sustainability of college and university operations. Management of social, environmental, and economic performance will be aided by changes to and new developments in financial accounting practices to complement other indicators of sustainability.
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The global system is marked by a very great asymmetry. The most important economic, political and cultural-ideological goods that circulate around the globe tend to be owned and/or controlled by small groups in a relatively small number of countries (Sklair, 1991).
## SUMMARY This paper considers the role of ownership form for the financial sustainability of German acute care hospitals over time. We measure financial sustainability by a hospitalβspecific yearly probability of default (PD) trying to mirror the ability of hospitals to survive in the market in t