The Italian medical device industry experiences a strong regulatory influence due to the predominant presence of public purchasers. During the last decade, regional governments have introduced a wide range of policies to control public expenditure and particular attention has been paid to public purchasing procedures. This study aims at analyzing the impact of the new public procurement policies on wholesalers’ performance (ROE, current ratio, collection period) starting from the analysis of two different cases: disposable devices and dental devices. Our results show that the adoption of a centralized purchasing strategy produces a decrease in wholesalers’ ROE in the short run, but this effect appears to be less evident (although still significant) in the Regions where this model has been established earlier and is more frequently adopted
Il settore dei dispositivi medici in Italia. L’impatto delle politiche pubbliche sulle performance delle imprese
ARMENI, PATRIZIO;CIANI, ORIANA;
2012
Abstract
The Italian medical device industry experiences a strong regulatory influence due to the predominant presence of public purchasers. During the last decade, regional governments have introduced a wide range of policies to control public expenditure and particular attention has been paid to public purchasing procedures. This study aims at analyzing the impact of the new public procurement policies on wholesalers’ performance (ROE, current ratio, collection period) starting from the analysis of two different cases: disposable devices and dental devices. Our results show that the adoption of a centralized purchasing strategy produces a decrease in wholesalers’ ROE in the short run, but this effect appears to be less evident (although still significant) in the Regions where this model has been established earlier and is more frequently adopted
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