The Impact of Internal Control on Maximizing Profitability in Pharmaceutical Companies in the Republic of Yemen (Field Study)
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Abstract
This study examines the impact of internal control dimensions—control environment, control activities, risk assessment, information and communication, and monitoring and evaluation—on maximizing profitability in pharmaceutical companies in Yemen. Profitability dimensions include product quality, competitive advantage, cost reduction, resource optimization, and advanced technology use. The research focused on 10 pharmaceutical companies in Sana'a Governorate, distributing 134 questionnaires to managers, department heads, accountants, and specialists. Using a descriptive analytical approach, the study found that internal control achievement was high at 74%, while profitability maximization reached 78%. Results indicated a statistically significant relationship between internal control dimensions and profitability. The study recommends strengthening internal control mechanisms, particularly risk assessment, to mitigate risks proactively and elevate performance from high to very high levels. These measures are crucial for enhancing profitability and operational efficiency in Yemen's pharmaceutical sector.
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Internal control, maximizing profitability, companies
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