Research Paper on Liquidity & Profitability Analysis of the Pharmaceutical Companies of India
Journal Title: International Journal of Scientific Research and Management - Year 2017, Vol 5, Issue 8
Abstract
In the era of liberalization, privatization, and globalization, working capital management an integral part of any business situation. Businesses are nowadays managed with flexibility where the strategic aspects largely depend of the stand of competitors. In such a scenario finance manager has to blend his long - term and short - term resources in best possible combination so that firm can deal with any uncertainty in optimum manner. Working capital management largely involves investment and financing for the short - term period. In case of pharmaceutical firms where the large focus of business is on long - term assets because of its efforts on research and development, managing profitability becomes vital important for the finance managers. Maintaining profit lev el that would satisfy long - term interest of the firm is not so simple task in volatile business environment. Especially in case of pharmaceutical companies, the case is even more difficult. Pharmaceutical firms are dealing with stiff competition on one han d and strict regulations on the other hand. In such a scenario, lot of inorganic business activities such as mergers, acquisitions, spin off etc. keep on taking place in pharmaceutical industry. Globally some attention has been given to the phenomenon of f inancial performance of the Pharmaceutical companies to provide much insight into their annual reports; United States, (Goodman, 2009) and in India (Nair,2013) and (Kheradmand & Bahar, 2013). But still financial performance of the industry is not well know n (Nsiah and Aidoo, 2015)
Authors and Affiliations
Sinha Mintibahen Bijendra
Keywords
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