Firm Size and Profitability: An empirical analysis of selected FMCG Indian Companies
Fast moving consumer goods (FMCG) companies, Firm size, Net Profit
In a market economy, business enterprise varies widely in size, profitability, and survival. Relationship between firm size and profitability has been studied in many different sectors, however, no researches are found in FMCG companies in India. The objective of this study is to examine the relationship between firm size and profitability of selected eight FMCG companies. Data has been obtained from the annual reports of selected eight FMCG Indian Company under study for eight years. The study period is limited, from 2012-13 to 2019-20. Return on assets and Return on Equity have been used as firm profitability (dependent variable) while firm size has been determined through Total sales and Total assets (independent variable) and control variable is treated as Asset Turnover. Multiple regressions and correlation have been used in empirical analysis by using SPSS. The result of analysis indicates that the ROA has negative and significant relationship with two variables (Log of Total Assets or Log of Total Sales) and control variable (Asset turnover). Other findings portray that ROE has negative and insignificant relationship with two variables (Log of Total Assets or Log of Total Sales) and control variable (Asset turnover)
"Firm Size and Profitability: An empirical analysis of selected FMCG Indian Companies", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 6, page no.121 - 126, June-2021, Available :https://ijsdr.org/papers/IJSDR2106018.pdf
Volume 6
Issue 6,
June-2021
Pages : 121 - 126
Paper Reg. ID: IJSDR_193400
Published Paper Id: IJSDR2106018
Downloads: 000347317
Research Area: Management
Country: karimganj, Assam, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
