THE EFFECTS OF ENVIRONMENTAL CHANGE ON FIRM PERFORMANCE: A COMPARISON OF THE PHARMACEUTICAL AND FOOD AND BEVERAGE INDUSTRIES

Abstract

This study examines the effect of environmental change on firm performance comparisons in the food and beverage and pharmaceutical industries. The research methodology involves a literature review that includes articles related to factors that influence the performance of environmental change on firm performance comparisons in the industrial sector. The findings of this study reveal that liquidity, solvency, activity, profitability, and sales growth have a significant and positive effect on the performance of food and beverage companies. Liquidity, solvency, activity, profitability, and sales growth significantly and positively affect pharmaceutical companies' performance.

 

Keywords: Firm Performance, Liquidity, Solvency, Activity, Profitability, Sales Growth