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Mapping the Financial Performance of the Pharmaceutical Businesses in Romania

Author

Listed:
  • Alexandra Maria Spanu

    (“Ovidius” University of Constanta, Romania)

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.

Suggested Citation

  • Alexandra Maria Spanu, 2024. "Mapping the Financial Performance of the Pharmaceutical Businesses in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 647-655, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:647-655
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%205/23.pdf
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    More about this item

    Keywords

    pharmaceutical industry; financial performance; business strategies; Classification of Activities in the National Economy (NACE);
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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