The determinants of corporate profitability: an investigation of Indian manufacturing firms

What is it about?

The paper examinesthe firm-specific and macroeconomic determinants of profitability of Indian manufacturing firms. It assesses the main determinants of firm’s profitability in the pre-crisis and post-crisis period from 2000 to 2015.

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Why is it important?

This study has been conducted over a longer time by using advanced panel data analysis techniques on the recent data. The study period properly captures the crisis time and the research includes different selection of profitability that highlights corporate earnings pattern. Moreover,validation of the exchange rate sensitivity of profitability over nominal and real exchange rate increases the robustness of the study.