J 2022

Reinvestments in dentistry and differences between western or central and eastern European countries

HERYÁN, Tomáš

Basic information

Original name

Reinvestments in dentistry and differences between western or central and eastern European countries

Authors

HERYÁN, Tomáš (203 Czech Republic, guarantor, belonging to the institution)

Edition

The Review of Socio-Economic Perspectives, 2022, 2149-9276

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50204 Business and management

Country of publisher

Turkey

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

RIV identification code

RIV/47813059:19520/22:A0000358

Organization unit

School of Business Administration in Karvina

DOI

http://dx.doi.org/10.19275/RSEP141

Keywords in English

Reinvestment of profit; Management of earnings; Dentistry; GMM with panel data
Změněno: 3/3/2023 11:15, Ing. Tomáš Heryán, Ph.D.

Abstract

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.
Displayed: 1/12/2024 09:46