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

Abstract

Chayanan Kerdpitak, Kittisak Jermsittiparsert

This study envisioned to investigate the relationship of human resource capabilities with financial performance of pharmaceutical firms in Thailand. Toaccomplish 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 moreconfidence in making decisions. The findings of study provide implications for practitioners and policy makers in making and strengthening the competitive approach of their organization