Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes

We thank the anonymous reviewers, John Friedman (the editor), Viral Acharya, Sandra Chamberlain, Gustavo Cortes, Jon Garfinkel, Sabrina Howell, Katharina Lewellen, Erzo Luttmer, Tom Philipson, Michael Usher, Daniel Weagley, Chris Whaley, Xiaoyun Yu, several hospital executives, conference participants at the 2021 FIRS Meetings, the 2021 NBER Health Care Summer Institute, the 2021 Federal Reserve Stress Testing Research Conference, the 2022 Financial Markets and Corporate Governance Conference, and the 2022 China International Conference in Finance, and seminar participants at Columbia University, CSU Fullerton, Emory University, Indian Institute of Management Ahmedabad, Northeastern University, Pennsylvania State University, University of Bath, University of British Columbia, University of Colorado–Boulder, Peking University, University of Minnesota, University of Missouri, University of Pittsburgh, University Wisconsin–Milwaukee, and the Virtual Corporate Finance Seminars for helpful comments.

• April 20, 2021
• October 4, 2021
• December 29, 2022