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Author: Ram Kumar Kakani
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
The nexus between firm's characteristics and their financial performance has always been a major issue of discussion. Recent empirical research includes performing macro-level analysis on Indian companies relation between their measurable firm characteristics and their financial performance in post-liberalization era. But more sector specific research is needed to firmly establish these relationships. The current study focuses on two sectors, one high performing and another low performing, and conducts sector specific empirical analysis to determine the firm characteristics and performance nexus in varying financial, socio-economic conditions. We found that firm size was the most important factor influencing its financial performance.
Author: Ram Kumar Kakani
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
The nexus between firm's characteristics and their financial performance has always been a major issue of discussion. Recent empirical research includes performing macro-level analysis on Indian companies relation between their measurable firm characteristics and their financial performance in post-liberalization era. But more sector specific research is needed to firmly establish these relationships. The current study focuses on two sectors, one high performing and another low performing, and conducts sector specific empirical analysis to determine the firm characteristics and performance nexus in varying financial, socio-economic conditions. We found that firm size was the most important factor influencing its financial performance.
Author: Thorsten Beck
Publisher: World Bank Publications
ISBN:
Category : Big business
Languages : en
Pages : 38
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Book Description
"The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size implied by industrial specific production technologies, including capital intensities and scale economies. Using cross-industry, cross-country data, the results indicate that financial development exerts a disproportionately large effect on the growth of industries that are technologically more dependent on small firms. This suggests that financial development accelerates economic growth by removing growth constraints on small firms and also implies that financial development has sectoral as well as aggregate growth ramifications. This paper--a product of the Finance Group, Development Research Group--is part of a larger effort in the group to understand the growth finance link"--World Bank web site.
Author: Mariana Mazzucato
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Mazzucato (London Business School and Open University) uses evolutionary economics, non-linear mathematics, and computer simulation techniques to explore the determinants of market instability and concentration which characterize the market structure of many different industries. The book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and empirical point of view. It then advances an evolutionary model which addresses positive and negative feedback within this relationship. The concluding chapters present the history of the American automobile industry as a case study. Annotation copyrighted by Book News Inc., Portland, OR
Author: Siu-ling Kwong
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 324
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Book Description
Author: Holger Breinlich
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
Author: Aline Massaad
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: John J. Siegfried
Publisher:
ISBN:
Category : Industrial organization (Economic theory)
Languages : en
Pages : 388
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Book Description
Author: Ram Kumar Kakani
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
This paper attempts to provide an empirical validation of the widely held existing theories on the determinants of firm performance in the Indian context. The study uses financial statement and capital market data of 566 large Indian firms over a time frame of eight years divided into two sub-periods (viz., 1992-96, and 1996-2000) to study Indian firms' financial performance across various dimensions viz., shareholder value, accounting profitability and its components, growth and risk of the sample firms. It reveals that even on the same data, the determinants of market-based performance measures and accounting-based performance measures differ due to influence of 'Capital Market Conditions'. We found that size, marketing expenditure, and international diversification had a positive relation with a firm's market valuation. Apart from these firm attributes that reflect either operating parameters of firms or 'strategic choice' of firm managers, we also found that a firm's ownership composition, particularly the level of equity ownership by Domestic Financial Institutions and Dispersed Public Shareholders, and the leverage of the firm were important factors affecting its financial performance. The different implications of the findings for various stakeholders of a firm are also discussed.
Author: Paolo Epifani
Publisher: World Bank Publications
ISBN:
Category : Comercio regional
Languages : en
Pages : 76
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Book Description
Reviews the micro-level evidence on the effects of trade and investment liberalization in the developing world. He focuses, in particular, on the effects of the 1991 trade reform in India since it provides an excellent controlled experiment in which the effects of a drastic trade regime change can be measured. His main findings are: 1) There is evidence of trade-induced productivity gains (in this respect, however, India is an exception. 2) These gains mainly stem from intra-industry reallocation of resources among firms with different productivity levels. 3) The gains are larger in import-competing sectors. 4) There is no evidence of significant scale efficiency gains. Unilateral trade liberalization is often associated with a reduced scale efficiency. 5) There is evidence of a pro-competitive effect of trade liberalization. 6) There is no evidence either of learning-by-exporting effects or of beneficial spillover effects from foreign-owned to local firms active in the same sectors. 7) There is evidence, however, of positive vertical spillovers from foreign direct investment. 8) There is evidence of skill upgrading induced either by technology imports or by trade-induced reallocations of market shares in favor of plants with higher skill-intensity. 9) There is no evidence of trade-induced increases in labor demand elasticities. But direct evidence suggests that trade exposure raises wage volatility. 10) There is no evidence of substantial employment contraction in import-competing sectors.
Author: Sanjaya Lall
Publisher: Springer
ISBN: 1349148520
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
Many African countries liberalized in the belief that international competition would stimulate efficiency, growth and technological dynamism. The results are mixed, but largely disappointing. This book examines why, looking at technological reactions to liberalization in garments and engineering in Tanzania, Kenya and Zimbabwe, countries with different levels of industrialisation and differing degrees of liberalization. Its findings, aimed at practitioners and researchers, explain why the assumptions underlying liberalisation are often flawed, why capabilities differ, and why they lag behind other regions.
