A comparative financial performance between foreign companies and domestic companies in Indian pharmaceutical sector

Abstract

Capital play very important role for the growth and development of any economy but in absence of capital no economic activity can be performing. Capital can be raised with in the country or form outside the country and this capital is invested in companies which is known as foreign companies but all companies is not getting investment from outside country. There are many companies who are totally relying on domestic capital know as domestic companies. There are many research carried out to analyse wither performance of foreign companies is better than domestic companies or performance of domestic companies is better than foreign companies. The present study is made an attempt to make comparative analysis between foreign companies and domestic companies in Indian Pharmaceutical Sector by using panel data for 82 for the period 2007-2016.Variables used in this paper are PAT, age, size, current ratio and quick ratio. The paper concluded that foreign companies performance is better than domestic companies in Indian Pharmaceutical Sector.