Impact of Firm Specific Factors on Profitability: Evidence from the Engineering Industry of Bangladesh
Ummay Mahima Ima & Nurun Nahar
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|
|ISSN:||ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)|
|Issue publication (Year):||2022|
|Date of Publication:||13/07/2022|
|Paper Type:||Research paper|
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
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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.