The financial performance of the health care industry: a global, regional and industry specific empirical investigation

Abstract

This article analyzes the financial (out-) performance of all listed health care companies. The health care sector outperformed the market in the period from 2000 to June 2015. The performance was driven by companies from Americas, and Asia as well as companies from the pharmaceuticals sub-segment. Additionally, bull periods appear to be the main driver for the outperformance. Euro-based investors can expect different outcomes of their investments to those of USD investors. However, the main trends remain unchanged.

Financial Inclusion and Health Shocks: A Panel Data Analysis of 36 African Countries

“…A potential explanation to the study's findings is that the paper's findings differ in that I focused only on the developing countries (Africa); and I use panel data models which allow controlling for unobserved country heterogeneity. The findings on financial inclusion is consistent with prior research (Dorfleitner and Rößle, 2018). Though the mechanisms through which financial inclusion increases longevity might be through access to financial resources and savings; however, financial inclusion is strongly linked to longevity in Africa.…”

“…These statistics shows that several African nations recorded low LE in the world. Meanwhile, a dominant strand of health financing literature (see: (Alam and Mahal, 2014;Witter et al, 2017;Dake, 2018;Dorfleitner and Rößle, 2018)). These studies have underscored the key role of financial inclusion in the process of assuring ease access, availability and usage of the formal financial system by all members of economy especially in periods of health shocks.…”

“…Notably, the arrow lines in Schema 1 show the direction of the flow of impact from financial inclusion to longevity. Ample recent empirical evidence indicated that an improved financial inclusion propels and play a vital role in promoting access to credit, use of mobile and ATM, savings and easy access to payments (see (Naceur et al, 2015;Dorfleitner and Rößle, 2018). The motivation for increased financial inclusion is to ensure all adults members of all nations to have easy access to extensive financial products, personalized towards their health needs and provided at reasonable costs (Okoroafor et al, 2018).…”

“…Researchers to date have made considerable effort in estimating the effects of health insurance and spending on health outcomes in developing countries (Alam and Mahal, 2014;Witter et al, 2017;Dake, 2018;Dorfleitner and Rößle, 2018). However, little is known about the extent to which financial inclusion affects health shocks in Africa, where formal health insurance is hardly accessible and limited.…”

Financial inclusion and the growth of small medium enterprises in Uganda: empirical evidence from selected districts in Lango sub-region

“…The development and the adaptation of digital innovations through partnership for financial inclusion would accelerate the delivery of financial services. Improved financial inclusion propels and plays a vital role in promoting access to credit, use of mobile and automatic teller machine (ATM), savings, and easy access to payments (Dorfleitner and Roble, 2018). The high increase in financial inclusion can be associated with increased investment level, employment opportunity, higher income level, and lower poverty level and that economic growth can only be sustained if a good number of people have access to formal financial services (Umar, 2013).…”