{"title":"Determinants of Profitability in Indian Pharmaceutical Firms in the New Intellectual Property Rights Regime","authors":"Shilpi Tyagi, D. K. Nauriyal","volume":115,"journal":"International Journal of Economics and Management Engineering","pagesStart":2401,"pagesEnd":2409,"ISSN":"1307-6892","URL":"https:\/\/publications.waset.org\/pdf\/10004988","abstract":"This study investigates the firm level determinants of profitability of Indian drug and pharmaceutical industry. The study uses inflation adjusted panel data for a period 2000-2013 and applies OLS regression model with Driscoll-Kraay standard errors. It has been found that export intensity, A&M intensity, firm\u2019s market power and stronger patent regime dummy have exercised positive influence on profitability. The negative and statistically significant influence of R&D intensity and raw material import intensity points to the need for firms to adopt suitable investment strategies. 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