Economic success and sustainability in pharmaceutical sector: a case of Indian SMEs - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Entrepreneurship and Sustainability Issues Année : 2017

Economic success and sustainability in pharmaceutical sector: a case of Indian SMEs

Résumé

Our paper examines one of the key aspects of the organizational economics – the factors of economic success and sustainability of the pharmaceutical small and medium enterprises (SMEs) in India. Indian pharmaceutical industry is known for its high fragmentation and weak generic based R&D initiatives. The study uses inflation adjusted cross section data for 20 SMEs in the year 2013-2014 and applies OLS regression model with robust standard errors. It has found that exports, R&D expenditure, and previous year profits have exercised positive impact on SMEs' growth. The negative, yet statistically significant influence of advertising and marketing expenditure highlights the need to rethink about strategic management policies of SMEs. Our results suggest that SMEs are required to pay more attention towards the global market expansion and value creation through R&D investment, as a part of their long-term growth and survival strategy.
Fichier principal
Vignette du fichier
Nino-Amezquita_Economic_success_and_sustainability_in_pharmaceutical_sector_a_case_of_Indian_SMEs.pdf (219.4 Ko) Télécharger le fichier
Origine : Fichiers éditeurs autorisés sur une archive ouverte
Loading...

Dates et versions

hal-01735846 , version 1 (16-03-2018)

Identifiants

Citer

José Niño-Amézquita, Fedor Legotin, Oleg Barbakov. Economic success and sustainability in pharmaceutical sector: a case of Indian SMEs. Entrepreneurship and Sustainability Issues, 2017, 5 (1), pp.157 - 168. ⟨10.9770/jesi.2017.5.1(13)⟩. ⟨hal-01735846⟩
431 Consultations
675 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More