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Influences on the profitability of the pharmaceutical industry in Romania

Author

Listed:
  • Florina-Adriana STĂNICĂ

    (Bucharest University of Economic Studies, Romania)

  • Adina Ionela STRĂCHINARU

    (Bucharest University of Economic Studies, Romania)

  • Vasile ILIE

    (Bucharest University of Economic Studies, Romania)

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.

Suggested Citation

  • Florina-Adriana STĂNICĂ & Adina Ionela STRĂCHINARU & Vasile ILIE, 2015. "Influences on the profitability of the pharmaceutical industry in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special(I), pages 97-105.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:97-105
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    Cited by:

    1. Izabela Diana Hada & Mihaela Maria Mihalcea, 2020. "Analysis and Evolution of Profit and Net Profit Margin in the Pharmaceutical Industry in Romania," Book chapters-LUMEN Proceedings, in: Marcin Waldemar STANIEWSKI & Valentina VASILE & Adriana Grigorescu (ed.), International Conference Innovative Business Management & Global Entrepreneurship (IBMAGE 2020), edition 1, volume 14, chapter 6, pages 70-81, Editura Lumen.
    2. Izabela Diana Hada, 2020. "Analysis and Evolution of Profitability in the Pharmaceutical Field in Romania," Book chapters-LUMEN Proceedings, in: Marcin Waldemar STANIEWSKI & Valentina VASILE & Adriana Grigorescu (ed.), International Conference Innovative Business Management & Global Entrepreneurship (IBMAGE 2020), edition 1, volume 14, chapter 55, pages 744-757, Editura Lumen.

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