Financial performance analysis of innovative and non-innovative organizations

Authors

Keywords:

Liquidity Ratios, Activity Ratios, Profitability Ratios, Financing Ratios, Financial Balances, Innovation

Abstract

This study employs discriminant analysis to compare the financial performance of innovative and non-innovative organizations within the pharmaceutical sector in the Arab Maghreb. The analysis of two distinct samples pharmaceutical firms (innovative) and semi-pharmaceutical firms (non-innovative) revealed statistically significant superior financial performance among the innovative organizations. This superiority is attributed to significant differences in the following financial metrics: Cash Ratio (Dispon/DC), Fixed Asset Turnover (CA/AI), Current Asset Turnover (CA/AC), Return on Assets (ROA), Return on Sales (ROS), Permanent Financing Ratio (CS/AI), Equity Financing Ratio (CP/AI), Working Capital (FR), Working Capital Requirement (BFR), Treasury (T).

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Published

2026-01-02

How to Cite

Benaissa, K. (2026). Financial performance analysis of innovative and non-innovative organizations. International Journal of Economic Perspectives, 20(1), 10–25. Retrieved from http://ijeponline.org/index.php/journal/article/view/1257

Issue

Vol. 20 No. 1 (2026)

Section

Peer Review Articles
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Copyright (c) 2026 khadra Benaissa

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