A Financial Comparison of U.S. and European Pharmaceutical Companies
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Authors
Lewis, Neal
Patil, Amit
Issue Date
2003
Type
Article
Language
en_US
Keywords
Engineering , Engineering management , Pharmaceutical industry , Finance , United States of America , Europe
Alternative Title
Abstract
There are differences in how European and American companies are managed. American companies have one primary goal: to make money. European companies often have multiple objectives. We present a hypothesis that American companies have better short-term profit performance when compared to their European counterparts.
A comparison is performed with financial ratios using publicly available information. While U.S. companies tend to be fairly similar, the European businesses are not so homogeneous. We find that there are differences between the U.S. and European companies, and the hypothesis is supported by the analysis.
Description
Citation
Publisher
American Society for Engineering Management