The Factors Influencing the Growth of SMEs in the EU Pharmaceutical Industry: An Empirical Analysis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63561958" target="_blank" >RIV/70883521:28120/23:63561958 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Factors Influencing the Growth of SMEs in the EU Pharmaceutical Industry: An Empirical Analysis
Original language description
Abstract SMEs are the economic backbone of Europe. In pharma companies, SMEs are the engines of innovation, playing a critical role in the creation of novel medications for patients. However, in reality, the scenario is not so favourable, and the objective of this research is to identify potential factors of negative growth in the pharmaceutical industry. The study used secondary data from the EU Industrial R&D Investment Scoreboard in 2015 and 2020 to apply a multiple linear regression model, with the dependent variable being operating profit. The results are very interesting, for example, the nest sale has positive and operating profit has negative coefficients throughout the years, implying that operating expenses, costs of goods sold, and day-to-day costs are higher than sales revenue in most cases. In the model, we get that R&D expenditure is having a positive relationship in 2015 but an insignificant probability value; however, it is negative and highly significant in 2020. Likewise, R&D expenditures, the capital expenditure also does not go through identical patterns in these two periods. Therefore, further studies are required to go through several years to generalize an exact relationship among the variables.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings IFKAD: Managing Knowledge for Sustainability
ISBN
978-88-96687-16-1
ISSN
2280-787X
e-ISSN
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Number of pages
18
Pages from-to
303-318
Publisher name
Arts for Business Institute
Place of publication
Matera
Event location
Matera
Event date
Jun 7, 2023
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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