SFIMAR Research Review

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Wealth Creation in the Indian Pharmaceutical Sector an EVA Approach


Affiliations
1 St Francis Institute of Management and Research, Borivali (W), Mumbai–103, India
2 Department of Business Administration, St Joseph Engineering College, Mangalore–28, India
     

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Economic Value Added for the sample 30 Pharmaceutical companies listed on the National Stock Exchange, India and that formed part of the S&P CNX 500 was calculated for the period of five years, from 1st April 2006 to 31st March 2011. Majority of the pharmaceutical companies showed positive Economic Value Added. This represents that the pharmaceutical companies were able to add value and create wealth for their shareholders. The study is an aid to the investors to make investment decisions and helps them to achieve their long term objective of wealth maximization.
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  • Wealth Creation in the Indian Pharmaceutical Sector an EVA Approach

Abstract Views: 207  |  PDF Views: 0

Authors

Smita Jesudasan
St Francis Institute of Management and Research, Borivali (W), Mumbai–103, India
Shakila Bolar
Department of Business Administration, St Joseph Engineering College, Mangalore–28, India
Pradeep Shetty
Department of Business Administration, St Joseph Engineering College, Mangalore–28, India

Abstract


Economic Value Added for the sample 30 Pharmaceutical companies listed on the National Stock Exchange, India and that formed part of the S&P CNX 500 was calculated for the period of five years, from 1st April 2006 to 31st March 2011. Majority of the pharmaceutical companies showed positive Economic Value Added. This represents that the pharmaceutical companies were able to add value and create wealth for their shareholders. The study is an aid to the investors to make investment decisions and helps them to achieve their long term objective of wealth maximization.