The Impact of Converting Categorical into Block Grants: The Lessons from the 314(d) Block Grant in the Partnership for Health Act

Section 314(d) of P. L. 89–749, (1966), the Partnershipfor Health Act, combined nine categorical health grants intoone block grant for health. The impact of section 314(d), according to data gathered forthis study, can be summarized as follows: the block grant increasedthe administrative flexibility of state health officials; statehealth planning agencies generally did not have a major influenceon the block grant; state health planning agencies located ingovernors' offices had less influence over the block grant thanthose located in state health departments; Congress did notsignificantly increase expenditures for the block grant; nationalinfluence was increased by creating health programs that couldpotentially have been made part of the block grant; and theblock grant did not generally result in a reordering of spendingpriorities. The best explanation for the unspectacular effect of combiningseveral categorical grants into one block grant was that, withoutnew resources, the substantial (and welcome) new administrativeflexibility given state officials was insufficient to producean important substantive reordering of program priorities.     

接管放弃的决定因素及后果

过去三十年接管行为引起了学术界的广泛关注,其中大多数研究关注于成功的接管,尤其是研究接管行为对被接管目标公司和竞价公司双方股东财富的影响。与成功接管不同的是,被迫放弃的接管行为(即接管放弃)相对而言受学术界的关注较少。这种令人惊讶的现象是因为相当大比例的接管竞价不成功。本文试图通过对接管失败方面文献的综合调研来说明这种研究上的偏颇。本文关注于两方面文献:第一,回顾和讨论可能影响接管结果的因素;第二,分别从目标公司和竞价公司的角度考察接管放弃的后果。还要分析未来的研究领域,这将进一步深化公司对接管放弃的因果关系的认识。