2022
Reinvestments in dentistry and differences between western or central and eastern European countries
HERYÁN, TomášZákladní údaje
Originální název
Reinvestments in dentistry and differences between western or central and eastern European countries
Autoři
HERYÁN, Tomáš (203 Česká republika, garant, domácí)
Vydání
The Review of Socio-Economic Perspectives, 2022, 2149-9276
Další údaje
Jazyk
angličtina
Typ výsledku
Článek v odborném periodiku
Obor
50204 Business and management
Stát vydavatele
Turecko
Utajení
není předmětem státního či obchodního tajemství
Odkazy
Kód RIV
RIV/47813059:19520/22:A0000358
Organizační jednotka
Obchodně podnikatelská fakulta v Karviné
Klíčová slova anglicky
Reinvestment of profit; Management of earnings; Dentistry; GMM with panel data
Změněno: 3. 3. 2023 11:15, Ing. Tomáš Heryán, Ph.D.
Anotace
V originále
This paper has focused on the willingness of owners to reinvest their profit back into a company. Research gaps in the investigation of financial issues in the healthcare industry are apparent in the literature. The aim of this paper is to estimate the differences in reinvestments between dentistry companies operating in western or central and eastern Europe (CEE). Annual Orbis data were obtained from financial reports from 3,711 western and 1,173 CEE companies. The generalized method of moments with panel data, currently modified by Kripfganz (2019), has been deployed as the main estimation technique. The estimated sample has been divided according to the return on assets into quartiles. The results clearly show that western owners rather reinvested their earnings back into their businesses, whereas CEE owners reinvest at a lower level. Furthermore, the willingness to reinvest, as well as the financial constraints related to that, can affect the quality of dentistry services.