MANAGEMENT OF THE WORKING CAPITAL AND FIRM PERFORMANCE IN THE ROMANIAN PHARMACEUTICAL SECTOR

Laura Raisa Milos and Marius Cristian Milos
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Laura Raisa Milos: University „Eftimie Murgu” of Resita, Faculty of Economic Sciences
Marius Cristian Milos: University „Eftimie Murgu” of Resita, Faculty of Economic Sciences

Annals - Economy Series, 2014, vol. 6, 125-130

Abstract: The objective of the study is to reveal the connection between working capital and firm performance, in the case of some selected Romanian pharmaceutical companies, listed on Bucharest Stock Exchange. Regression analysis was performed in order to check our hypothesis. The main conclusion of our study is that there is a negative, but weak relationship between working capital and firm performance. In other words, the shorter the period between production and sale of products, the larger firm’s profitability.

Keywords: working capital; performance; pharmaceutical sector (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:6:p:125-130

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