Suchergebnisse

This study aims to determine the differences in the performance of shares of SOEs and Non-SOEs companies that conduct IPOs on the Indonesia Stock Exchange in the period 2010-2014 based on short-term underpricing and long-term underperformance. Sampling is done by using purposive sampling technique. Data analysis techniques used the independent sample parametric test and the non-parametric difference test mann whitney u test. The results showed that there were no differences in the performance of shares of SOE and Non-SOE companies conducting IPOs on the Indonesia Stock Exchange in the 2010-2014 period based on short-term underpricing. This means that in the short term investments in shares of Non-BUMN companies are more profitable for investors and are detrimental to the company because the funds obtained are less. But in testing based on long-term underperformance, the results of the study showed that there were differences in the performance of the shares of SOE and Non-SOE companies conducting IPOs on the IDX for the 2010-2014 period. This shows that BUMN companies have better performance than Non-BUMN companies, because government ownership gives more value and can operate in various sectors.

Intro -- LONG-TERM CARE: BACKGROUND AND ISSUES -- LONG-TERM CARE: BACKGROUND AND ISSUES -- CONTENTS -- PREFACE -- Chapter 1 LONG-TERM CARE (LTC): FINANCING OVERVIEW AND ISSUES FOR CONGRESS -- SUMMARY -- INTRODUCTION -- WHAT IS LTC? -- SOURCES OF FINANCING FOR LTC -- Public Sources of Financing for LTC -- Medicaid -- Eligibility -- Eligibility Criteria: Group One -- Eligibility Criteria: Group Two -- Other Requirements -- Services -- Mandatory Services -- Optional Services -- Medicare -- Home Health Services -- Skilled Nursing Facility (SNF) Services -- Other Public Payers -- Private Sources of Financing for LTC -- Private LTC Insurance -- Out-of-Pocket Spending -- Other Private Funds -- LTC ISSUES FOR CONGRESS -- Barriers to Public and Private Coverage -- Strain on Federal, State, and Local Budgets -- Better Coordinating Care across Medicaid, Medicare, and Other Public Programs -- Better Coordinating Care across Provider Settings -- Medicaid Spending Still Dominated by Institutional Care -- Navigating the Current LTC System Is Complex -- Limited Supply of the LTC Workforce -- Limited Access to Affordable Housing -- Guaranteeing Quality Can Be Challenging -- End Notes -- Chapter 2 FACTORS AFFECTING THE DEMAND FOR LONG-TERM CARE INSURANCE: ISSUES FOR CONGRESS -- SUMMARY -- INTRODUCTION -- PRIVATE LONG-TERM CARE INSURANCE -- Current Financing of LTC Services -- LTC Insurance Industry Trends -- FACTORS AFFECTING THE DEMAND FOR PRIVATE LTCI -- Cost and Complexity of Long-Term Care Insurance -- The Type of Coverage -- Dollar Amount of Coverage and Annual Inflation Adjustments -- Duration of the Benefit -- Elimination Period -- Adequacy of Consumer Protections For LTCI Policyholders -- State Oversight -- Federal Oversight -- Premium Instability -- Inappropriate Sales Practices -- Inappropriate Denial of Claims -- Solvency of LTC Insurers

AbstractMiller's hypothesis posits that divergence of opinion can lead to asset overvaluation and subsequent long‐term underperformance in markets (such as initial public offerings [IPOs]) with restricted short‐selling. Consistent with this hypothesis, we find that early‐market return volatility, a proxy for divergence of opinion, is negatively related to subsequent IPO long‐term abnormal returns. This relation holds after accounting for other factors that previous studies suggest affect long‐term abnormal returns for IPOs (including another proxy for divergence of opinion). Moreover, we find that this relation is stronger in IPO markets than in non‐IPO markets (where short‐selling restrictions are less stringent), again consistent with Miller's hypothesis.

The fourth volume in the prestigious Advances in Long-Term Care Series continues to address the challenges of long-term care with innovation and practical insight. Highlighting the dynamic nature of long-term care, the authors share their practical insight and explore issues linked to the cost and process of delivering care to an increasing number of clients. Topics include transitions between acute and long-term care, geriatric day hospitals, subacute care, and more. Contributors from a range of gerontologic disciplines use new research as bases to develop care solutions under the mandates of