Profitability Study of Indian Pharmaceutical Industry: A Co Integration Approach
نویسندگان
چکیده
Profitability (ROA) study of the Indian pharmaceutical industry has been studied under dynamic conditions to avoid endogeneity issues. Vector Error Correction Mode (VECM) results suggest short-run and long-run dependency profitability on working capital intensity, research & development physical intensity. Physical intensity exhibited a negative impact ROA. Auto Regressive Distributed Lag (ARDL) longrun positive leverage profitability. Granger causality with two lags from fixed assets invested net profits along strong correction suggests longer payback period. This sector will require continuously high investments in operating capital, development. Financing through debt can be undertaken but prudence.
منابع مشابه
R&D Investment Link to Profitability: A Pharmaceutical Industry Evaluation
This paper is an in depth analysis of the influence that investment into research and development has on a firm’s profitability in the pharmaceutical industry in the United States. The pharmaceutical industry is chosen due to its high intensity of research and development expenditures. The top 16 companies in the pharmaceutical industry are analyzed through regression analysis. The argument mad...
متن کاملThe Study of Profitability of Drugstores in Iran’s Pharmaceutical System
Pharmacy as the last unit in the pharmaceutical supply chain is responsible for supplying and dispensing medicines to the patients and giving required advices to them, based on their needs and physician’s prescriptions according to standard protocols of the country. Beside this responsibility, which is primarily on drugstores, this unit is regarded as a small business unit and should ...
متن کاملAdaptive strategies in the Indian pharmaceutical industry
The authors sincerely acknowledge the comments and insights offered by senior managers of various units. Specifically, we are indebted to Dr. D.B.A. Anantha Narayana, Dabur Research Foundation; Dr. B.B. Lohray, Dr. Reddy's Research Foundation; Anil Agrawal, Indian Herbs, and Gopalakrishnan, formerly German Remedies Ltd for their critical inputs on the R & D strategies. Special thanks are also t...
متن کاملEvolution of Pharmaceutical Industry: A global Indian & Gujarat perspective
Most of today's major pharmaceutical companies were founded in the late 19th and early 20th centuries. Key discoveries of the 1920s and 1930s, such as insulin and penicillin, became mass-manufactured and distributed. Global pharmaceutical market is highly dynamic and is characterized by greater levels of R&D expenditure and extensive regulation of its products. Global pharmaceutical sales are e...
متن کاملPatenting in the Indian Pharmaceutical Industry: a Post TRIPS Analysis
The Pharmaceutical Industry witnessed a change after the formation of World Trade Organization (WTO) in 1995 when India, being a signatory member of WTO, adopted Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement. Indian pharmaceutical industry, being a highly fragmented one and dominated mostly by a large number of smaller enterprises, was also apprehensive when TRIPS was ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Scientific & Industrial Research
سال: 2023
ISSN: ['0022-4456']
DOI: https://doi.org/10.56042/jsir.v82i9.2180