Day Hospitals: Statistical Returns

Geriatric day hospitals--the future?

Understanding First-day Returns of Hospitality Initial Public Offerings

Excerpt] The decision for a company to issue shares publicly for the first time is not to be taken lightly. The manager-owner of a private firm must carefully weigh the benefits of an initial public offering (IPO) against the costs. Potential benefits include the ability to raise capital in the public markets on more attractive terms than in private circles; increased liquidity for managers and...

Modelling the distribution of day-ahead electricity returns: a comparison

This paper contributes to characterizing the probability density of the price returns in some European day-ahead electricity markets (NordPool, APX, Powernext) by fitting some flexible and general families of distributions, such as the α-stable, Normal Inverse Gaussian (NIG), Exponential Power (EP), and Asymmetric Exponential Power (AEP), and comparing their goodness of fit. The α-stable and th...

Ipos as Lotteries: Skewness Preference and First-day Returns

We find that IPOs with high expected skewness experience significantly greater first-day returns. The skewness effect is stronger during periods of high investor sentiment and is related to differences in skewness across industries as well as time-series variation in the level of skewness in the market. IPOs with high expected skewness earn more negative abnormal returns in the following one to...

The efficiency and effectiveness of geriatric day hospitals.

One hundred patients who were referred consecutively to two geriatric day hospitals were followed for 3 months, to determine the efficiency and effectiveness of day hospital management. Transport was highly efficient; only one in every 40 attendances failed because of transport. Selection of patients may have been less efficient, in that only half completed planned treatment. In most cases this...