The analysis of the relationship between profit and average salary in the pharmaceutical industry

Nicolae Balteş, Georgiana Daniela MINCULETE (piko) and Maria Daciana RODEAN (cozma)
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Nicolae Balteş: “Lucian Blaga” University, Sibiu, Romania
Georgiana Daniela MINCULETE (piko): “Lucian Blaga” University, Sibiu, Romania
Maria Daciana RODEAN (cozma): “Lucian Blaga” University, Sibiu, Romania

Theoretical and Applied Economics, 2014, vol. XXI, issue Special, 215-220

Abstract: The economic instability has reflected its effects on the pharmaceutical industry in the last years. This market until 2008 was and still remains one of the most stable and profitable industries. The aim of this article is to identify the existence of a correlation between the fluctuations in the average wages in Romania and the profit of one of the main players on the pharmaceutical market – Zentiva SA, using Pearson’s correlation coefficient. The research is based on a financial analysis of the financial balance between 2009 and 2012. The results of this study indicate a correlation, though not very strong, between the average wage and the profit of the company analyzed.

Keywords: pharmaceutical industry; average wages; profit; Pearson’s correlation coefficient; financial balance. (search for similar items in EconPapers)
Date: 2014
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