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Extra Profits in the Healthcare Factoring Industry: Evidence from Panel Data Analysis

Author

Listed:
  • Carlo Migliardo

    (University of Messina - Department of Economics (SEAM))

  • Antonio Fabio Forgione

    (University of Messina - Department of Economics (SEAM))

Abstract

This paper aims at investigating the presence of extra profits for the factoring companies operating with health sector credits. Using a panel data sample representative of Italian factoring companies, the analysis also examines, along with other factors, the determinants of corporate financial performance relating to capital structures and management. Among the main results, it was shown that these Italian intermediaries act within a context which is a far from being a perfectly competitive market structure. Finally, it was found that financial structure, productivity index, and risk components have a significant impact on corporate profitability.

Suggested Citation

  • Carlo Migliardo & Antonio Fabio Forgione, 2015. "Extra Profits in the Healthcare Factoring Industry: Evidence from Panel Data Analysis," Economics Bulletin, AccessEcon, vol. 35(1), pages 322-337.
    • Handle: RePEc:ebl:ecbull:eb-14-00584
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Factoring Industry; Profitability; Extra profits; Capital Structure; National Health Service receivables; Dynamic Panel System GMM.;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • I1 - Health, Education, and Welfare - - Health

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    Access and download statistics

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