The Empirical Analysis of Financial Factors Affecting the Profitability of Listed Companies in Medical Instrument Industry

2021 ◽  
pp. 687-694
Author(s):  
Chune Liu ◽  
Cuicui Zhu
Keyword(s):  
Empirical Analysis ◽  
Medical Instrument ◽  
Listed Companies ◽  
Factors Affecting ◽  
Financial Factors ◽  
The Empirical Analysis

scholarly journals Analysis on the Effect of Chinese Medical Reform Policy on Medical Listed Companies -- Empirical Analysis on Listed Companies’ Stocks Returns

2018 ◽  
Vol 9 (2) ◽  
pp. 20
Author(s):  
Xiaoqian Fu
Keyword(s):  
Empirical Analysis ◽  
Study Finding ◽  
Listed Companies ◽  
Systemic Reform ◽  
Private Hospitals ◽  
Medical Reform ◽  
Stock Market Reaction ◽  
Industrial Planning ◽  
The Government ◽  
The Empirical Analysis

This paper studies the stock market reaction of medical reform policies to examine policies’ effect on the listed companies which invested in hospital. This paper applies the method of Event Study, finding out that the announcement of the new round of medical and health systemic reform in 2009, the key work for medical and health systemic reform and its detailed rules of implementation in 2010, and the setting of several specific goals to develop the private hospitals run by civilians in 2012, have taken increases of listed companies’ stocks returns (rate of return) by 2.95%, 4.64% and 4.92% separately. That means the whole market value rose by almost 55 billion, 128 billion, and 131 billion of RMB respectively. The empirical analysis results show that share price’s return rate of the listed companies which invested in hospital are significantly associated with industrial planning and supporting policies launched by the government. That is to say, Chinese government’s policy which began to encourage and guide civilian capital to develop the medical industry stimulated the medical and health industry effectively and significantly.

scholarly journals The Effects of Irreversibility and Uncertainty on Business Investments: A New View of Investment

2014 ◽  
Vol 5 (3) ◽  
pp. 7-20
Author(s):  
Katarína Belanová
Keyword(s):  
Empirical Analysis ◽  
Investment Decision ◽  
Firm Level ◽  
Factors Affecting ◽  
Real Options Approach ◽  
Investment Decision Making ◽  
Level Data ◽  
The Impact ◽  
The Relationship ◽  
The Empirical Analysis

This article presents a survey of recent theoretical, as well as empirical, contributions concerning business investments, which help to explain the investment decision making of companies. These contributions emphasize the relevance of idiosyncratic factors affecting investment decisions such as the degree of irreversibility and uncertainty, interactions between these factors may generate an opportunity cost equivalent to the exercise of an option and so they add an important dimension to the neoclassical theory of investment (also called standard or orthodox theory of investment). This theory has not recognized the important qualitative and quantitative implications of this interaction, what can explain some of its failures. We investigate the irreversibility of investments and the impact this has on the nature of the relationship between investment and uncertainty in the way of empirical analysis. The empirical analysis uses firm – level data and is based on a survey of 53 automotive suppliers, which was carried out during the year 2011. We find supportive evidence for the fact that uncertainty is negatively associated with planned investments of the companies surveyed, which remains true also in the presence of irreversibility. At the end we demonstrate the core of the real options approach in a form of a practical example.

scholarly journals Can Managing Overseas Experience Improve Investment Efficiency

2021 ◽  
Vol 14 ◽  
pp. 108-122
Author(s):  
Yuchao Zhou ◽  
Caixia Zhou
Keyword(s):  
Empirical Analysis ◽  
Listed Companies ◽  
Investment Efficiency ◽  
Empirical Results ◽  
Corporate Executives ◽  
The Impact ◽  
The Empirical Analysis ◽  
A Share

The efficient investment of enterprises is inseparable from the professional ability of managers. It has been found that the overseas experience of corporate executives can improve the investment ability of managers.This paper takes Shanghai and Shenzhen A-share listed companies from 2004 to 2020 as the research object, and investigates whether managers' overseas experience can improve the investment efficiency of enterprises. The empirical analysis results show that enterprises with overseas managers can improve the phenomenon of over investment, but the impact on the underinvestment is not significant.Based on the empirical results, it is found that the characteristics of managerial returnees have different impacts on enterprises in different industries. Compared with export-oriented enterprises, the characteristics of managerial returnees have more significant impacts on export-oriented enterprises.The reason for these results may be that managers' overseas experience is more conducive to the development of non-export-oriented enterprises.

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