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Information management and the profitability of firms in the field of medical technology

机译:信息管理与医疗技术领域公司的盈利能力

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摘要

This study examines the connection between the profitability of the firm and the different forms of new-product-related information released, in the pharmaceutical and related industries, while the product is still under development. We classify new-product-related information into such categories as preannouncements, announcements, detailed and non-detailed and examine the stock market's reaction when a firm releases such information. The results show that there is a statistically significant market reaction to detailed announcements (t-value = 2.07, p = .04) and announcements that receive extensive press coverage (t-value = 2.92, p = .00). No such reaction was, however, found for preannouncements. The results suggest that managers of firms in the field of medical technology could enhance the value of the firm by releasing detailed announcements on innovative activities as opposed to preannouncing. [References: 22]
机译:这项研究检验了公司的盈利能力与在制药和相关行业中仍在开发中的新形式有关新产品的信息发布之间的联系。我们将与新产品相关的信息分类为预先公告,公告,详细信息和非详细信息,并检查公司发布此类信息时股市的反应。结果表明,对详细公告(t值= 2.07,p = .04)和获得广泛新闻报道的公告(t值= 2.92,p = .00)有统计上显着的市场反应。但是,对于预告片没有发现这样的反应。结果表明,医疗技术领域的公司经理可以通过发布有关创新活动的详细公告而不是预先宣布来提高公司的价值。 [参考:22]

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