E-ISSN 0976-2779 | ISSN 0975-8453
 

Review Article 


Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms

Chayanan Kerdpitak, Kittisak Jermsittiparsert.

Abstract
This study envisioned to investigate the relationship of human resource capabilities with financial performance of pharmaceutical firms in Thailand. To accomplish the objective of this research, data was collected from the managers and owners of pharmaceutical firms in Thailand by using questionnaires. SMART-PLS statistical software was used to analysis the data for the estimation of hypotheses. This study found positive relationship between human resource capabilities and financial performance of pharmaceutical firms in Thailand. Findings of this study revealed that Skilled HR, Innovative HR, Training Competent and HR commitment could enhance financial performance of pharmaceutical firms in developing countries. The results will assist top management in planning for better financial performance.
The findings of this will not only improve financial performance in the pharmaceutical industry but give more confidence in making decisions. The findings of study provide implications for practitioners and policy makers in making and strengthening the competitive approach of their organization.

Key words: Human resource competencies, financial performance, Pharmaceutical, Thailand. Correspondance:


 
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How to Cite this Article
Pubmed Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. SRP. 2019; 10(2): 198-207. doi:10.5530/srp.2019.2.28


Web Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. http://www.sysrevpharm.org//?mno=302644949 [Access: February 18, 2020]. doi:10.5530/srp.2019.2.28


AMA (American Medical Association) Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. SRP. 2019; 10(2): 198-207. doi:10.5530/srp.2019.2.28



Vancouver/ICMJE Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. SRP. (2019), [cited February 18, 2020]; 10(2): 198-207. doi:10.5530/srp.2019.2.28



Harvard Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert (2019) Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. SRP, 10 (2), 198-207. doi:10.5530/srp.2019.2.28



Turabian Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. 2019. Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. Systematic Reviews in Pharmacy, 10 (2), 198-207. doi:10.5530/srp.2019.2.28



Chicago Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. "Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms." Systematic Reviews in Pharmacy 10 (2019), 198-207. doi:10.5530/srp.2019.2.28



MLA (The Modern Language Association) Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert. "Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms." Systematic Reviews in Pharmacy 10.2 (2019), 198-207. Print. doi:10.5530/srp.2019.2.28



APA (American Psychological Association) Style

Chayanan Kerdpitak, Kittisak Jermsittiparsert (2019) Human Resources Capabilities and Financial Performance: A case of Thai Pharmaceutical Firms. Systematic Reviews in Pharmacy, 10 (2), 198-207. doi:10.5530/srp.2019.2.28





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