Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis

The continuous increase in Malaysia's health-related Consumer Price Index (CPI) reflects rising healthcare expenses, potentially impacting families, and individuals reliant on ongoing medical care. This raises concerns about their ability to access quality healthcare without bearing excessive f...

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Main Author:	David Roland, Lesmana
Format:	Thesis
Language:	English English English
Published:	2024
Subjects:	H Social Sciences (General) HF Commerce
Online Access:	http://ir.unimas.my/id/eprint/45084/5/DSVA%20DAVID%20ROLAND%20LESMANA.pdf http://ir.unimas.my/id/eprint/45084/4/David%20Roland%20Lesmana%20%2824pgs%29.pdf http://ir.unimas.my/id/eprint/45084/7/David%20Roland%20ft.pdf
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institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English English English
topic	H Social Sciences (General) HF Commerce
spellingShingle	H Social Sciences (General) HF Commerce David Roland, Lesmana Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis
description	The continuous increase in Malaysia's health-related Consumer Price Index (CPI) reflects rising healthcare expenses, potentially impacting families, and individuals reliant on ongoing medical care. This raises concerns about their ability to access quality healthcare without bearing excessive financial burdens. The primary aim of this research is to analyse the market structure (HHI) of the Malaysian private hospital industry between 2002 and 2021. This study has found that the HHI result shows a significant drastic transition from monopoly to monopolistic market structure, coinciding with the enactment of the Competition Act in 2010. Also, both time series and panel data methodologies are employed to investigate the influence of HHI on medical inflation, and the impact between the market structure, conduct, and performance of this industry, utilizing the Structure-Conduct-Performance (SCP) Paradigm from Industrial Organisation theory. The time series results suggested that medical inflation is influenced by fluctuations in market concentration (HHI). While, in the panel model, it is found that there exists a reciprocal relationship between market share and concentration, with mutual reinforcement observed between capital intensity and return on sales. However, it is noted that only return on assets directly impacts return on sales. These findings emphasise the importance for policymakers to encourage healthy competition among economic entities operating within the Malaysian private hospital sector.
format	Thesis
qualification_level	other
author	David Roland, Lesmana
author_facet	David Roland, Lesmana
author_sort	David Roland, Lesmana
title	Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis
title_short	Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis
title_full	Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis
title_fullStr	Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis
title_full_unstemmed	Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis
title_sort	market structure and competitiveness of malaysian private hospital industry: a structure, conduct and performance analysis
granting_institution	Universiti Malaysia Sarawak (UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2024
url	http://ir.unimas.my/id/eprint/45084/5/DSVA%20DAVID%20ROLAND%20LESMANA.pdf http://ir.unimas.my/id/eprint/45084/4/David%20Roland%20Lesmana%20%2824pgs%29.pdf http://ir.unimas.my/id/eprint/45084/7/David%20Roland%20ft.pdf
_version_	1804888438698147840
spelling	my-unimas-ir.450842024-07-05T09:07:08Z Market Structure and Competitiveness of Malaysian Private Hospital Industry: A Structure, Conduct and Performance Analysis 2024-06-28 David Roland, Lesmana H Social Sciences (General) HF Commerce The continuous increase in Malaysia's health-related Consumer Price Index (CPI) reflects rising healthcare expenses, potentially impacting families, and individuals reliant on ongoing medical care. This raises concerns about their ability to access quality healthcare without bearing excessive financial burdens. The primary aim of this research is to analyse the market structure (HHI) of the Malaysian private hospital industry between 2002 and 2021. This study has found that the HHI result shows a significant drastic transition from monopoly to monopolistic market structure, coinciding with the enactment of the Competition Act in 2010. Also, both time series and panel data methodologies are employed to investigate the influence of HHI on medical inflation, and the impact between the market structure, conduct, and performance of this industry, utilizing the Structure-Conduct-Performance (SCP) Paradigm from Industrial Organisation theory. The time series results suggested that medical inflation is influenced by fluctuations in market concentration (HHI). While, in the panel model, it is found that there exists a reciprocal relationship between market share and concentration, with mutual reinforcement observed between capital intensity and return on sales. However, it is noted that only return on assets directly impacts return on sales. These findings emphasise the importance for policymakers to encourage healthy competition among economic entities operating within the Malaysian private hospital sector. 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