Influences on the profitability of the pharmaceutical industry in Romania

Florina-Adriana Stănică, Adina Ionela Străchinaru and Vasile Ilie ()
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Florina-Adriana Stănică: Bucharest University of Economic Studies, Romania
Adina Ionela Străchinaru: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 97-105

Abstract: The pharmaceutical industry is considered one of the largest and profitable industries in the world. As any economic sector, it was not protected from the harmful effects of the global financial crisis, which affected the entire Romania. Because of the importance of this sector for the final consumers and for the Romanian economy, we found this theme worthy of being studied. The issue under discussion refers to the impact of the economic and financial factors on the profitability of the pharmaceutical industry, based on the assumption that the profitability of an industry can be considered as a barometer for the economy of the country of which it is part of. The aim of the paper is to capture the Romanian pharmaceutical industry performance, taking into account the influence of economic and financial indicators provided by financial statements and external indicators with a significant impact on the Romanian economy. The pharmaceutical market has proved more resilient to economic cycles than other sectors, maintaining an inelastic demand even in crisis.

Keywords: return on equity; asset structure; clawback tax; pharmaceutical industry. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:97-105

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