Paraphrase the following properly, without reducing the word count:

The factors, such as: firm size; profitability, leverage, and liquidity were found to have a significant impact on ROA in Indian listed companies (Kalyanaraman & Gurumurthy, 2020), while macroeconomic factors such as GDP growth, inflation, exchange rate, and interest rate were found to influence ROA in Indian manufacturing firms (Kaur & Singh, 2021).Other studies examined the relationship between ROA and variables such as innovation (Azizi & Kermani, 2017), intellectual capital (Abdul Razak et al., 2015; Alnaser & Al-Shattarat, 2019), and working capital management (Murugesan & Bhatt, 2018), suggesting that these factors can also impact firm profitability.
In addition, some studies focused on the impact of corporate social responsibility (CSR) practices on ROA, finding a positive relationship between CSR practices and firm profitability (Zaremba & Roszkowska, 2020). Similarly, human resource practices such as recruitment and training were found to have a positive impact on ROA in Indian service firms (Kumar & Sharma, 2021). Overall, the findings of the reviewed studies suggest that ROA is influenced by a variety of factors, and that understanding these factors can help firms identify areas for improvement and develop strategies to enhance their profitability.
Several studies have examined the impact of ownership structure on return on asset (ROA). For example, a study of Chinese listed companies found that state ownership had a negative impact on firm performance, while institutional ownership had a positive impact (Chen & Lin, 2013). Similarly, a study of Pakistani manufacturing firms found that family ownership had a negative impact on ROA, while public and foreign ownership had a positive impact (Afza & Nazir, 2014).
Industry characteristics: Industry characteristics can also influence ROA. For example, a study of Pakistani textile firms found that industry competition, technological change, and global economic conditions were significant determinants of ROA (Ahmed & Ahmad, 2021). Similarly, a study of Indian manufacturing firms found that industry growth had a positive impact on ROA (Kaur & Singh, 2021). The literature review on financial performance measures showed that some studies have examined the relationship between ROA and other financial performance measures, such as return on equity (ROE) and return on investment (ROI). A study of Jordanian service firms found a positive relationship between intellectual capital and ROA, as well as ROE and ROI (Alnaser & Al-Shattarat, 2019).Research findings further revealed that firm age tends to influence return on asset (ROA). A study of Iranian manufacturing firms found that younger firms were more likely to engage in innovation, which in turn had a positive impact on ROA (Azizi & Kermani, 2017). Moreover, firm location can also be a significant factor influencing ROA. For example, a study of Malaysian banks found that regional differences in economic development and infrastructure had a significant impact on bank performance (Abdul Razak et al., 2015).These findings highlight the importance of considering a range of factors that can impact ROA. By understanding these factors, firms can develop strategies to improve their profitability and enhance their competitive position
Chen and Lin (2013) examined the effect of corporate governance on ROA in Chinese listed companies. They found that corporate governance practices had a significant positive impact on ROA. Afza and Nazir (2014) analyzed the relationship between financial leverage and ROA in Pakistani manufacturing firms. They found a negative relationship between financial leverage and ROA, indicating that higher leverage levels lead to lower profitability.