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Predicting First-Year Returns of Health Care IPOs

Predicting First-Year Returns of Health Care IPOs PDF Author: Richard Borghesi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Prior empirical work shows that IPOs generally earn positive excess first-day returns yet subsequently underperform. Many researchers examine the determinants of post-first-day IPO success, however these studies do not test for first-year IPO return predictability due to unavailability of pre-IPO data with which to predict first-year performance. In this study we utilize strictly pre-IPO financial data manually obtained from corporate IPO registrations to predict the first-year post-IPO performance of health care firms. We do so by utilizing firm size, free cash flows, discretionary accruals, and Altman's Z. Results suggest that each metric is a significant determinant of first-year raw cumulative and excess cumulative returns, and we are able to reliably identify which firms will be in the top and bottom performance quartiles 30 days, 6 months, and 12 months after the IPO.

Predicting First-Year Returns of Health Care IPOs

Predicting First-Year Returns of Health Care IPOs PDF Author: Richard Borghesi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Prior empirical work shows that IPOs generally earn positive excess first-day returns yet subsequently underperform. Many researchers examine the determinants of post-first-day IPO success, however these studies do not test for first-year IPO return predictability due to unavailability of pre-IPO data with which to predict first-year performance. In this study we utilize strictly pre-IPO financial data manually obtained from corporate IPO registrations to predict the first-year post-IPO performance of health care firms. We do so by utilizing firm size, free cash flows, discretionary accruals, and Altman's Z. Results suggest that each metric is a significant determinant of first-year raw cumulative and excess cumulative returns, and we are able to reliably identify which firms will be in the top and bottom performance quartiles 30 days, 6 months, and 12 months after the IPO.

Pricing and Performance of Initial Public Offerings in the United States

Pricing and Performance of Initial Public Offerings in the United States PDF Author: Arvin Ghosh
Publisher: Routledge
ISBN: 1351496743
Category : Business & Economics
Languages : en
Pages : 156

Book Description
In this timely volume on newly emerging financial mar- kets and investment strategies, Arvin Ghosh explores the intriguing topic of initial public offerings (IPOs) of securities, among the most significant phenomena in the United States stock markets in recent years. Before the 2000-2001 market turndown, hardly a week went by when more than a few companies did not become public, either in the organized stock exchange or in the Over the Counter (OTC) market. In the often over-burdened, technology-heavy Nasdaq market, the role of IPOs was crucial for the market's new vigor and growth. Internet stocks were able to find a mode to supply key momentum to the market. In the so-called "New Economy" of the 1990s, it was the seductively accessible IPO that ushered in the world's information technology revolution.Ghosh sets out to examine the pricing and financial performance of IPOs in the United States during the period 1990-2001. In the opening chapter he discusses the rise and fall of IPOs in the preceding decade. Chapter 2 further delineates the IPO process from the start of the prospectus to the end of the "quiet period" and aftermarket stabilization. In chapter 3 Ghosh analyzes the mispricing and deliberately deceptive underpricing, or "flipping," of Internet IPOs. Chapter 4 delves deeper into the pricing and operating efficiency of Nasdaq IPOs. Chapter 5 analyzes the pricing and long-run performance of IPOs both in the New York Stock Exchange and in the Nasdaq markets. In chapters 6 and 7 the author deals with the pricing and performance of the venture-blocked and nonventure-backed IPOs in general and Internet IPOs in particular. In chapter 8 he analyzes the role of underwriters as market makers. In chapter 9 Ghosh discusses the accuracy of analysts' earnings forecasts. In the concluding chapter, he summarizes the principal findings of the study and the recent revival of the IPO market and its place in capital formation as well as the latest developments in t

Regression Modeling with Actuarial and Financial Applications

Regression Modeling with Actuarial and Financial Applications PDF Author: Edward W. Frees
Publisher: Cambridge University Press
ISBN: 0521760119
Category : Business & Economics
Languages : en
Pages : 585

Book Description
This book teaches multiple regression and time series and how to use these to analyze real data in risk management and finance.

Journal of Health Care Finance

Journal of Health Care Finance PDF Author:
Publisher:
ISBN:
Category : Health facilities
Languages : en
Pages : 404

Book Description


MEDINFO 2019: Health and Wellbeing e-Networks for All

MEDINFO 2019: Health and Wellbeing e-Networks for All PDF Author: L. Ohno-Machado
Publisher: IOS Press
ISBN: 164368003X
Category : Medical
Languages : en
Pages : 2078

Book Description
Combining and integrating cross-institutional data remains a challenge for both researchers and those involved in patient care. Patient-generated data can contribute precious information to healthcare professionals by enabling monitoring under normal life conditions and also helping patients play a more active role in their own care. This book presents the proceedings of MEDINFO 2019, the 17th World Congress on Medical and Health Informatics, held in Lyon, France, from 25 to 30 August 2019. The theme of this year’s conference was ‘Health and Wellbeing: E-Networks for All’, stressing the increasing importance of networks in healthcare on the one hand, and the patient-centered perspective on the other. Over 1100 manuscripts were submitted to the conference and, after a thorough review process by at least three reviewers and assessment by a scientific program committee member, 285 papers and 296 posters were accepted, together with 47 podium abstracts, 7 demonstrations, 45 panels, 21 workshops and 9 tutorials. All accepted paper and poster contributions are included in these proceedings. The papers are grouped under four thematic tracks: interpreting health and biomedical data, supporting care delivery, enabling precision medicine and public health, and the human element in medical informatics. The posters are divided into the same four groups. The book presents an overview of state-of-the-art informatics projects from multiple regions of the world; it will be of interest to anyone working in the field of medical informatics.

MEDINFO 2021: One World, One Health — Global Partnership for Digital Innovation

MEDINFO 2021: One World, One Health — Global Partnership for Digital Innovation PDF Author: P. Otero
Publisher: IOS Press
ISBN: 1643682652
Category : Medical
Languages : en
Pages : 1180

Book Description
The World Health Organization defines health as “a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity”, and its constitution also asserts that health for all people is “dependent on the fullest co-operation of individuals and States”. The ongoing pandemic has highlighted the power of both healthy and unhealthy information, so while healthcare and public health services have depended upon timely and accurate data and continually updated knowledge, social media has shown how unhealthy misinformation can be spread and amplified, reinforcing existing prejudices, conspiracy theories and political biases. This book presents the proceedings of MedInfo 2021, the 18th World Congress of Medical and Health Informatics, held as a virtual event from 2-4 October 2021, with pre-recorded presentations for all accepted submissions. The theme of the conference was One World, One Health – Global Partnership for Digital Innovation and submissions were requested under 5 themes: information and knowledge management; quality, safety and outcomes; health data science; human, organizational and social aspects; and global health informatics. The Programme Committee received 352 submissions from 41 countries across all IMIA regions, and 147 full papers, 60 student papers and 79 posters were accepted for presentation after review and are included in these proceedings. Providing an overview of current work in the field over a wide range of disciplines, the book will be of interest to all those whose work involves some aspect of medical or health informatics.

Health Informatics: Building a Healthcare Future Through Trusted Information

Health Informatics: Building a Healthcare Future Through Trusted Information PDF Author: IOS Press
Publisher: IOS Press
ISBN: 1614990786
Category : Medical
Languages : en
Pages : 272

Book Description
A more trusted environment for the management and use of health information would undoubtedly help to consolidate and accelerate the use of health informatics solutions as change mechanisms to drive the establishment and adoption of new models of care, as well as new technology-oriented healthcare processes. This book presents 35 papers from the Australian National Health Informatics Conference (HIC 2012), held in Sydney, Australia, in July and August 2012. The theme of the conference is ‘Health Informatics - Building a Healthcare Future Through Trusted Information’, and emphasises the importance of assuring the integrity and security of health data and communications. The papers range from deeply theoretical to intensely practical, and address many elements of contemporary health informatics research endeavours, as well as peripheral, but related topics. Australian research, developments and implementations are at the forefront of e-health, and are the focus of much international attention. The Federal Government has invested in the building of a National Broadband Network, lead implementation sites, telehealth delivery and personally controlled electronic health records (PCEHR), launched 30 days before the conference. This book will be of interest to clinicians, researchers, industry innovators and all those who share the desire to deliver better healthcare to all.

German Medical Data Sciences: A Learning Healthcare System

German Medical Data Sciences: A Learning Healthcare System PDF Author: U. Hübner
Publisher: IOS Press
ISBN: 1614998965
Category : Medical
Languages : en
Pages : 262

Book Description
Advances in digital and information technology have meant that medical informatics and its associated fields are of ever-increasing importance in the modern healthcare environment. This book presents selected papers from the 63rd annual conference of the German Society of Medical Information Sciences, Biometry, and Epidemiology, GMDS 2018, held in Osnabrück, Germany, in September 2018. The society encompasses not only medical informatics, biometry and epidemiology, but also medical bioinformatics, systems biology and health data management. The title of this year’s conference is “The Learning Health System: Research Based, Innovative, Connecting”, and 38 full papers of the 164 oral presentations and 65 posters delivered at the conference are included here. A wide variety of scientific topics are covered, including standards to enable the interoperable interchange of information; metadata management; record linkage; IT issues for health care networks; interprofessional teaching and training; eHealth legislation; analysis of miRNAs and RNA-Seq data, among others. The contributors are all specialists in their field, and this book disseminates some of the innovative ideas which are urgently needed to meet the challenges facing a constantly developing digital healthcare environment.

MEDINFO 2023 — The Future Is Accessible

MEDINFO 2023 — The Future Is Accessible PDF Author: J. Bichel-Findlay
Publisher: IOS Press
ISBN: 1643684574
Category : Medical
Languages : en
Pages : 1676

Book Description
Science-fiction author William Gibson is famously quoted as saying, “The future is already here – it's just not very evenly distributed.” During the Covid pandemic, telehealth and remote monitoring were elevated from interesting innovations to essential tools in many healthcare systems, but not all countries had the infrastructure necessary to pivot quickly, amply demonstrating the negative consequences of the digital divide. This book presents the proceedings of MedInfo 2023, the 19th World Congress on Medical and Health Informatics, held from 8 – 12 July 2023 in Sydney, Australia. This series of biennial conferences provides a platform for the discussion of applied approaches to data, information, knowledge, and wisdom in health and wellness. The theme and title of MedInfo 2023 was The Future is Accessible, but the digital divide is a major concern for health and care-informatics professionals, whether because of global economic disparities, digital literacy gaps, or limited access to reliable information about health. A total of 935 submissions were received for the conference, of which 228 full papers, 43 student papers and 117 posters were accepted following a thorough peer-review process involving 279 reviewers. Topics covered include: information and knowledge management; quality, safety and outcomes; health data science; human, organizational and social aspects; and global health informatics. Significant advances in artificial intelligence, machine learning, augmented reality, virtual reality, and genomics hold great hope for future healthcare planning, delivery, management, education, evaluation, and research, and this book will be of interest to all those working to not only exploit the benefits of these technologies, but also to identify ways to overcome their associated challenges.

MEDINFO 2017: Precision Healthcare Through Informatics

MEDINFO 2017: Precision Healthcare Through Informatics PDF Author: A.V. Gundlapalli
Publisher: IOS Press
ISBN: 1614998302
Category : Medical
Languages : en
Pages : 1440

Book Description
Medical informatics is a field which continues to evolve with developments and improvements in foundational methods, applications, and technology, constantly offering opportunities for supporting the customization of healthcare to individual patients. This book presents the proceedings of the 16th World Congress of Medical and Health Informatics (MedInfo2017), held in Hangzhou, China, in August 2017, which also marked the 50th anniversary of the International Medical Informatics Association (IMIA). The central theme of MedInfo2017 was "Precision Healthcare through Informatics", and the scientific program was divided into five tracks: connected and digital health; human data science; human, organizational, and social aspects; knowledge management and quality; and safety and patient outcomes. The 249 accepted papers and 168 posters included here span the breadth and depth of sub-disciplines in biomedical and health informatics, such as clinical informatics; nursing informatics; consumer health informatics; public health informatics; human factors in healthcare; bioinformatics; translational informatics; quality and safety; research at the intersection of biomedical and health informatics; and precision medicine. The book will be of interest to all those who wish to keep pace with advances in the science, education, and practice of biomedical and health informatics worldwide.