Financial efficiency of healthcare companies in an emerging market

ÇINAROĞLU S., PİRGAİP B.

Managerial and Decision Economics, 2024 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Basım Tarihi: 2024
  • Doi Numarası: 10.1002/mde.4196
  • Dergi Adı: Managerial and Decision Economics
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, ABI/INFORM, Aerospace Database, Business Source Elite, Business Source Premier, Communication Abstracts, EconLit, Metadex, Psycinfo, Public Affairs Index, Civil Engineering Abstracts
  • Hacettepe Üniversitesi Adresli: Evet

Özet

Understanding the financial dynamics of healthcare companies is essential for reducing costs while improving access to care and patient outcomes. This study aims to explore the financial efficiency of healthcare companies operating in an emerging stock market. We use conventional and fuzzy data envelopment analysis. We consider liquidity and leverage ratios as input criteria and profitability ratios as output criteria, each taken from Borsa Istanbul for the year 2022. The results indicate that financially inefficient healthcare companies can increase their efficiency by effectively managing debt and working capital, restructuring their asset base, and focusing on equity management.