Impact of Firm Specific Factors on Profitability: Evidence from the Engineering Industry of Bangladesh
Author (s)
Ummay Mahima Ima & Nurun Nahar
Abstract
The paper analyses the impact of the firm-specific factors on the profitability of the engineering industry of Bangladesh. This study used 22-year (2000-2021) panel data of a total of 13 companies of this industry. According to the findings of the study, the factors that have the most impact on a business’s capacity to earn a profit are its age, asset turnover ratio, and operating profit margin. Size and operating profit margin are two of the factors that have a positive impact on a company’s profitability. On the other hand, age and asset turnover ratio are factors that have a negative impact on a company’s profitability. The findings could be of use to a wide variety of stakeholders in assisting them in making decisions pertaining to this industry.
Keywords: Profitability, ROE, Total Asset, Age, Size, Return on Asset, Asset turnover, Operating Profit, Fixed Effect, Panel Data.
| Title: | Impact of Firm Specific Factors on Profitability: Evidence from the Engineering Industry of Bangladesh |
|---|---|
| Author: | Ummay Mahima Ima & Nurun Nahar |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.6825457 |
| Media: | Online |
| Volume: | 13 |
| Issue: | 1 |
| Issue publication (Year): | 2022 |
| Acceptance Date: | 09/07/2022 |
| Date of Publication: | 13/07/2022 |
| PDF URL: | https://ijsab.com/wp-content/uploads/948.pdf |
| Free download: | Available |
| Page: | 100-106 |
| First Page: | 100 |
| Last Page: | 106 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Ummay Mahima Ima & Nurun Nahar (2022). Impact of Firm Specific Factors on Profitability: Evidence from the Engineering Industry of Bangladesh.International Journal of Science and Business, 13(1), 100-106. doi: https://doi.org/ 10.5281/zenodo.6825457
Retrieved from https://ijsab.com/wp-content/uploads/948.pdf
About Author (s)
Ummay Mahima Ima (Corresponding Author), Department of Business Administration in Financing & Banking, Bangladesh University of Professionals, Mirpur Cantonment, Dhaka, Bangladesh.
Nurun Nahar, Department of Business Administration (DBA),Bangladesh Army University of Science and Technology, Saidpur Cantonment, Nilphamari, Bangladesh.
DOI: https://doi.org/10.5281/zenodo.6825457