INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This study examines the relationship between working capital management and profitability of selected pharmaceutical companies in India. The pharmaceutical industry is turning into a most important exporter of generic medicine and vaccines. It is one of the top 5 sectors contributing to foreign exchange earnings and playing a major role in the Indian economy in terms of employment. This study is based on 48 Indian pharmaceutical companies obtained from CMIE Prowess database for the period from 2001 to 2023. While analyse the data, panel data regression analysis has been used. The results show that the profitability is negatively associated with liquidity, leverage, inventory and payables.
Keywords:
Working capital management, profitability, pharmaceutical companies, India, panel data regression analysis.
Cite Article:
"Relationship between Working Capital Management and Profitability – A Study of Selected Pharmaceutical Companies in India", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.c841-c844, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307282.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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