Original scientific paper
Default Probability of the Medical Imaging Service Providers in Hungary
Gábor Dávid Kiss
orcid.org/0000-0003-0373-9970
; Faculty of Economics and Business Administration, University of Szeged, Szeged, Hungary
Abstract
Medical imaging, providing Magnetic Resonance Imaging (MRI) services have a special, oligopolistic market in Hungary. A majority of the MRI machines are operated by private contractors in a Public Private Partnership form in major healthcare centres with defined machine-hours for public healthcare services while they can sell their remaining capacities on the market as well. Current paper analyses the default probability of this firms via Ohlson-O and Altman-Z’ ratios, based on their annual financial report data. Then, default ratios are compared to market segment- and macro-specific variables trough panel regression analysis to identify the key factors of this technology-intense sector. Finally, results are compared to public default-rate databases.
Keywords
MRI; bankruptcy ratio; Altman-Z’; Ohlson-O
Hrčak ID:
216260
URI
Publication date:
31.12.2018.
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