Capital Structure, Equity Ownership and Corporate Performance
Capital Structure, Equity Ownership and Corporate Performance

Author: Krishna Dayal Pandey

Publisher: Taylor & Francis

Published: 2023-08-16

Total Pages: 135

ISBN-13: 1000924971

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This book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners. The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the topic is addressed; the robust empirical evidence that it has produced and the simple and intelligible approach with which it is authored. It communicates the crucial relevance of corporate capital structure and equity-ownership to the moderation of agency relationship and shaping the internal governance mechanism, which ultimately results in increased or decreased operational efficiency and financial performance. It will enable readers to understand whether an increased amount of debt capital would bring about positive results for firms or create an extra burden on the management of their finances, preventing them from taking productive investment decisions due to the threat of liquidation. The book will find an audience among advanced students, scholars and researchers who are interested in understanding the corporate finance practices and governance mechanism of Indian organizations.

Indian Manufacturing Sector in Post-Reform Period
Indian Manufacturing Sector in Post-Reform Period

Author: Sumit Kumar Maji

Publisher: Springer Nature

Published: 2022-07-01

Total Pages: 186

ISBN-13: 9811926662

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The book outlines the importance of Indian manufacturing sector and its growth under alternative policy regimes. The authors highlight the significance of various firm-specific and macroeconomic factors on the level of efficiency and profitability of the firms operating in the diverse manufacturing sector during the post-liberalization era. The book also examines the dynamic relationship between the select manufacturing sector-specific stock market indices and the various macroeconomic variables.

The Dynamics of Competition
The Dynamics of Competition

Author: Kesavan Pushpangadan

Publisher: Oxford University Press, USA

Published: 2009

Total Pages: 182

ISBN-13:

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"Comprehensive in its scope and intensive in its analysis, the volume will be useful for researchers of industrial economics, business schools, policymakers, competition commissions, journalists, industry associations, and corporate executives." --Book Jacket.

Liberalization, Productivity, and Competition
Liberalization, Productivity, and Competition

Author: Vivek Srivastava

Publisher: Oxford University Press, USA

Published: 1996

Total Pages: 188

ISBN-13:

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The empirical evidence linking economic reform in developing countries with gains in productivity and efficiency is both limited and inconclusive. Using large firm-level data collected by the Reserve Bank of India, this book examines the impact of reform on productivity and competition for the Indian manufacturing sector in the eighties. Relying on econometric estimates of pre- and post-reform productivity growth, the study finds evidence of significantly higher productivity growth rates after the mid-eighties both at the aggregate and two-digit sector levels. The author seeks corroborating evidence by developing a framework that enables him to simultaneously estimate economies of scale, a measure of optimal labour utilization and the mark-up of price over marginal cost as an indicator of competitiveness. Though he finds evidence of better labour utilization, there is no indication of reduced market power or any significant departure from constant returns to scale in the post-reform period. He concludes that even the limited reforms of the eighties led to productivity gains which were achieved largely through better resource use.

Stock Market and Manufacturing Sector in India
Stock Market and Manufacturing Sector in India

Author: Rajanna Niranjan

Publisher: LAP Lambert Academic Publishing

Published: 2015-03-06

Total Pages: 348

ISBN-13: 9783659437168

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The interaction of the financial sector particularly the growth effects of stock market on the real economy is a matter to be probed. Over the past few decades the world stock markets have surged and emerging market countries have accounted for a large share of this boom. The growth of stock markets in emerging markets is partly due to the shift in policies from 'financial repression' to 'financial liberalization' which led to an increasing significance of capital markets in the allocation of financial resources. The study has ventured to analyze the impact of financial development, financial structure and financial reforms on private corporate manufacturing industries. Along with this the study also examined the influence of stock market development on industries capital structure, where in the factors affecting fixed capital expenditure across the industries also examined. The study covers the period from 1990 to 2007. The main aim of the study is to investigate the influence of reforms on growth of value added, investment patterns and foreign portfolio investments in Indian industries.