Mapping the Financial Performance of the Pharmaceutical Businesses in Romania

Alexandra Maria Spanu ()
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Alexandra Maria Spanu: “Ovidius” University of Constanta, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 647-655

Abstract: This study assesses the financial performance of firms in the pharmaceutical industry in Romania, with a focus on companies engaged in pharmaceutical wholesaling, according to CAEN code 4646. The main objective was to assess the economic level of this vital sector for the national economy, by analyzing financial indicators such as net turnover, net profit, personnel expenses and average number of employees. The analysis was carried out at territorial level, for each county, and according to categories of taxpayers. The data used in the study come from a sample of 1,164 firms selected based on the declared CAEN code. The results show a significant polarization, both territorially and by taxpayer size: large taxpayers generate the majority of turnover and profit, while small firms predominate in terms of numbers but operate on a small scale. The findings of the study underline the need to develop economic policies that support the balanced development of the pharmaceutical sector and boost long-term competitiveness.

Keywords: pharmaceutical industry; financial performance; business strategies; Classification of Activities in the National Economy (NACE) (search for similar items in EconPapers)
JEL-codes: I15 I18 (search for similar items in EconPapers)
Date: 2024
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