Public versus Private Market Arbitrage: International Evidence for Listed Property Companies

Author(s):  
René-Ojas Woltering ◽  
David H. Downs ◽  
Steffen Sebastian
2021 ◽  
Vol 16 (3) ◽  
pp. 470-494
Author(s):  
Wilson X.B. Li ◽  
◽  
Tina T. He ◽  

Introducing the concept of viability, this study clarifies that the key to solving the poverty problem is to provide external assistance to nonviable residents. The study then proposes a simple model and explains that 1) although private market mechanisms are efficient for economic growth, public market mechanisms mobilizing societal resources are necessary and effective for poverty eradication; and 2) strong state capacity, competent leadership, and high social trust and support will benefit poverty eradication. The concept of viability and the model was further applied to compare the war on poverty in the US and the poverty alleviation plan in China in the following aspects: background and top design, public versus private market mechanism, leadership, social trust, and achievement. In addition, a cross-country investigation was conducted to obtain preliminary empirical evidence. The findings in this study support the concept and the model, which inspired us to provide some discussions.


2015 ◽  
Vol 10 (1) ◽  
pp. 77-97 ◽  
Author(s):  
Vicentiu Covrig ◽  
Daniel L. McConaughy

AbstractThis study examines the impact of the market participant on prices paid for private companies in the Pratt’s Stats database. We examine approximately 4,200 transactions over the period of 2000–2011 for companies with sales of $1 million or more. We find that public buyers pay more after controlling for the target’s size, industry, age, estimated growth rate, and profitability, as well as the time of the transaction. We also find that smaller companies and C-corporations sell at higher multiples. Our results are consistent with the hypothesis that the price paid for a company is related to whether the market participant is private or public. Further, our results provide additional insights to users of the Pratt’s Stats database regarding the characteristics of the transactions in this well-known and often-used database.


Author(s):  
Sofya Isaakyan ◽  
Elad N. Sherf ◽  
Subrahmaniam Tangirala ◽  
Hannes Guenter

2020 ◽  
Vol 59 (04) ◽  
pp. 294-299 ◽  
Author(s):  
Lutz S. Freudenberg ◽  
Ulf Dittmer ◽  
Ken Herrmann

Abstract Introduction Preparations of health systems to accommodate large number of severely ill COVID-19 patients in March/April 2020 has a significant impact on nuclear medicine departments. Materials and Methods A web-based questionnaire was designed to differentiate the impact of the pandemic on inpatient and outpatient nuclear medicine operations and on public versus private health systems, respectively. Questions were addressing the following issues: impact on nuclear medicine diagnostics and therapy, use of recommendations, personal protective equipment, and organizational adaptations. The survey was available for 6 days and closed on April 20, 2020. Results 113 complete responses were recorded. Nearly all participants (97 %) report a decline of nuclear medicine diagnostic procedures. The mean reduction in the last three weeks for PET/CT, scintigraphies of bone, myocardium, lung thyroid, sentinel lymph-node are –14.4 %, –47.2 %, –47.5 %, –40.7 %, –58.4 %, and –25.2 % respectively. Furthermore, 76 % of the participants report a reduction in therapies especially for benign thyroid disease (-41.8 %) and radiosynoviorthesis (–53.8 %) while tumor therapies remained mainly stable. 48 % of the participants report a shortage of personal protective equipment. Conclusions Nuclear medicine services are notably reduced 3 weeks after the SARS-CoV-2 pandemic reached Germany, Austria and Switzerland on a large scale. We must be aware that the current crisis will also have a significant economic impact on the healthcare system. As the survey cannot adapt to daily dynamic changes in priorities, it serves as a first snapshot requiring follow-up studies and comparisons with other countries and regions.


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