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Examination and control of the efficiency of enterprises operating within the health care sectorDownload This Article
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In the scope of our research, the efficiency of companies operating in the health care sector and the correlation between efficiency indicators and macroeconomic indicators were examined. One of the research questions is how the efficiency indicators of companies applying IFRS will develop during the analysed period. The other research question is whether and to what extent changes in individual macroeconomic indicators affect the efficiency of companies. It was an important consideration regarding the analysed companies that their consolidated annual statements are prepared in accordance with International IFRS. In addition, the selected sample was narrowed to companies of 5 countries within the European Union. The efficiency indicators of the companies were presented by creating quartiles and preparing descriptive statistics. When presenting the efficiency indicators, specifics of the IFRS accounting system depending on the content of the indicator were highlighted. Then it was examined, whether and to what extent the efficiency indicators are affected by the changes in macroeconomic indicators. This analysis was conducted using the Stata statistical system and applying random linear panel regression. As a result of the study, it can be concluded that the development of macroeconomic indicators has no effect on the efficiency indicators, their impact can only be measured in a complex sense.
Keywords: IFRS, Efficiency, Health Care Sector, Macro Economy
Authors’ individual contribution: Writing – Review & Editing – A.S.; Project Administration – I.O.
JEL Classification: E24, M40
Published online: 22.11.2019
How to cite this paper: Szekeres, A., & Orbán, I. (2019). Examination and control of the efficiency of enterprises operating within the health care sector [Special issue]. Corporate Ownership & Control, 17(1), 173-182. http://doi.org/10.22495/cocv17i1siart2