Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India

Amalenu Bhunia; Amit Das

doi:doi:10.11648/j.ajtab.20150101.15

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Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India

Amalenu Bhunia, Amit Das

Published in American Journal of Theoretical and Applied Business (Volume 1, Issue 1)

Received: 4 June 2015 Accepted: 12 June 2015 Published: 15 June 2015

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Abstract

Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology: This study is based on secondary data obtained from centre for monitoring Indian economy database for the period from 2003 to 2013. In the course of examination, descriptive statistics, correlation statistics and multiple regression test have been used. Results: Multiple regression tests corroborate a lower degree of relationship between the working capital management and profitability under study. Findings of the study: The company manger would anxiety on working capital management performance, mainly unexplained variables in justification of making shareholder wealth.

Published in	American Journal of Theoretical and Applied Business (Volume 1, Issue 1)
DOI	10.11648/j.ajtab.20150101.15
Page(s)	27-36
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Working Capital Management, Liquidity, Profitability, Pharmaceutical Company, India, Multiple Regression Test

References

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APA Style

Amalenu Bhunia, Amit Das. (2015). Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India. American Journal of Theoretical and Applied Business, 1(1), 27-36. https://doi.org/10.11648/j.ajtab.20150101.15

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ACS Style

Amalenu Bhunia; Amit Das. Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India. Am. J. Theor. Appl. Bus. 2015, 1(1), 27-36. doi: 10.11648/j.ajtab.20150101.15

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AMA Style

Amalenu Bhunia, Amit Das. Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India. Am J Theor Appl Bus. 2015;1(1):27-36. doi: 10.11648/j.ajtab.20150101.15

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@article{10.11648/j.ajtab.20150101.15,
  author = {Amalenu Bhunia and Amit Das},
  title = {Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {1},
  number = {1},
  pages = {27-36},
  doi = {10.11648/j.ajtab.20150101.15},
  url = {https://doi.org/10.11648/j.ajtab.20150101.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20150101.15},
  abstract = {Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology: This study is based on secondary data obtained from centre for monitoring Indian economy database for the period from 2003 to 2013. In the course of examination, descriptive statistics, correlation statistics and multiple regression test have been used. Results: Multiple regression tests corroborate a lower degree of relationship between the working capital management and profitability under study. Findings of the study: The company manger would anxiety on working capital management performance, mainly unexplained variables in justification of making shareholder wealth.},
 year = {2015}
}

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TY  - JOUR
T1  - Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India
AU  - Amalenu Bhunia
AU  - Amit Das
Y1  - 2015/06/15
PY  - 2015
N1  - https://doi.org/10.11648/j.ajtab.20150101.15
DO  - 10.11648/j.ajtab.20150101.15
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 27
EP  - 36
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20150101.15
AB  - Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology: This study is based on secondary data obtained from centre for monitoring Indian economy database for the period from 2003 to 2013. In the course of examination, descriptive statistics, correlation statistics and multiple regression test have been used. Results: Multiple regression tests corroborate a lower degree of relationship between the working capital management and profitability under study. Findings of the study: The company manger would anxiety on working capital management performance, mainly unexplained variables in justification of making shareholder wealth.
VL  - 1
IS  - 1
ER  -

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Author Information

Amalenu Bhunia

Department of Commerce, University of Kalyani, West Bengal, India
Amit Das

Department of Commerce, University of Kalyani, West Bengal, India

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Amalenu Bhunia, Amit Das. (2015). Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India. American Journal of Theoretical and Applied Business, 1(1), 27-36. https://doi.org/10.11648/j.ajtab.20150101.15

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ACS Style

Amalenu Bhunia; Amit Das. Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India. Am. J. Theor. Appl. Bus. 2015, 1(1), 27-36. doi: 10.11648/j.ajtab.20150101.15

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AMA Style

Amalenu Bhunia, Amit Das. Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India. Am J Theor Appl Bus. 2015;1(1):27-36. doi: 10.11648/j.ajtab.20150101.15

Copy | Download

@article{10.11648/j.ajtab.20150101.15,
  author = {Amalenu Bhunia and Amit Das},
  title = {Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {1},
  number = {1},
  pages = {27-36},
  doi = {10.11648/j.ajtab.20150101.15},
  url = {https://doi.org/10.11648/j.ajtab.20150101.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20150101.15},
  abstract = {Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology: This study is based on secondary data obtained from centre for monitoring Indian economy database for the period from 2003 to 2013. In the course of examination, descriptive statistics, correlation statistics and multiple regression test have been used. Results: Multiple regression tests corroborate a lower degree of relationship between the working capital management and profitability under study. Findings of the study: The company manger would anxiety on working capital management performance, mainly unexplained variables in justification of making shareholder wealth.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India
AU  - Amalenu Bhunia
AU  - Amit Das
Y1  - 2015/06/15
PY  - 2015
N1  - https://doi.org/10.11648/j.ajtab.20150101.15
DO  - 10.11648/j.ajtab.20150101.15
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 27
EP  - 36
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20150101.15
AB  - Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology: This study is based on secondary data obtained from centre for monitoring Indian economy database for the period from 2003 to 2013. In the course of examination, descriptive statistics, correlation statistics and multiple regression test have been used. Results: Multiple regression tests corroborate a lower degree of relationship between the working capital management and profitability under study. Findings of the study: The company manger would anxiety on working capital management performance, mainly unexplained variables in justification of making shareholder wealth.
VL  - 1
IS  - 1
ER  -

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