Impact of Firm Specific Factors on Profitability: Evidence from the Engineering Industry of Bangladesh

Ummay Mahima Ima and Nurun Nahar
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Ummay Mahima Ima: Bangladesh University of Professionals, Mirpur Cantonment, Dhaka, Bangladesh.
Nurun Nahar: Bangladesh Army University of Science and Technology, Saidpur Cantonment, Nilphamari, Bangladesh.

International Journal of Science and Business, 2022, vol. 13, issue 1, 100-106

Abstract: The paper analyses the impact of the firm-specific factors on the profitability of the engineering industry of Bangladesh. This study used 22-year (2000-2021) panel data of a total of 13 companies of this industry. According to the findings of the study, the factors that have the most impact on a business's capacity to earn a profit are its age, asset turnover ratio, and operating profit margin. Size and operating profit margin are two of the factors that have a positive impact on a company's profitability. On the other hand, age and asset turnover ratio are factors that have a negative impact on a company's profitability. The findings could be of use to a wide variety of stakeholders in assisting them in making decisions pertaining to this industry.

Keywords: Profitability; ROE; Total Asset; Age; Size; Return on Asset; Asset turnover; Operating Profit; Fixed Effect; Panel Data. (search for similar items in EconPapers)
Date: 2022
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