Economic and Financial Determinants of Pharmaceutical Stock Returns: Evidence from Panel Data Analysis.

Key Points

• To identify the economic and financial factors that influence the returns of pharmaceutical stocks.
• Utilized panel data analysis to assess various macroeconomic and financial determinants.
• Examined risk and return profiles of pharmaceutical companies.
• Certain macroeconomic factors can significantly predict pharmaceutical stock returns.
• The analysis indicates a correlation between financial determinants and stock performance.