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Title: Financing of capital expenditures: a study of Indian corporate sector
Researcher: Khanna, Sucheta Gauba nee
Guide(s): Jawahar Lal
Sharma, Kavita
Keywords: commerce
Indian corporate sector
capital expenditures
Upload Date: 22-May-2013
University: University of Delhi
Completed Date: 2012
Abstract: The primary aim of this study is empirically evaluate the importance of various sources of finance used for the purpose of making capital expenditure decisions in manufacturing industries from public and private sector in India. Furthermore, the study aims to understand the significance of various sources of funds for financing long-term investment decisions and the importance of cashflows in firm s investment decisions and the nature of its relationship with corporate investment have also been explored. A sample of 176 large sized Indian companies spread across fourteen different industries has been analyzed for the period from 1994-95 to 2008-09. This has been sourced primarily from PROWESS and panel data model with balanced dataset has been used for multiple regressions. The regression results have been estimated using LIMDEP Software. It has been found that accelerator theory of investment plays a determining role in firm s fixed investment behavior as both change in output in the current year and the previous year have been statistically significant. As hypothesized, change in inventory has been found as negatively significant. The variables representing different sources of finance have been positively significant in investment equation. As postulated, U-shaped relationship between investment and cashflow has been reinstated by empirical findings.
Pagination: ix, 308p.
Appears in Departments:Dept. of Commerce

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01_title.pdfAttached File46.45 kBAdobe PDFView/Open
02_declaration.pdf8.71 kBAdobe PDFView/Open
03_acknowledgement.pdf39.54 kBAdobe PDFView/Open
04_contents.pdf18.33 kBAdobe PDFView/Open
05_list of tables.pdf15.17 kBAdobe PDFView/Open
06_list of figures.pdf19.22 kBAdobe PDFView/Open
07_chapter 1.pdf58.12 kBAdobe PDFView/Open
08_chapter 2.pdf302.64 kBAdobe PDFView/Open
09_chapter 3.pdf254.95 kBAdobe PDFView/Open
10_chapter 4.pdf133.21 kBAdobe PDFView/Open
11_chapter 5.pdf721.68 kBAdobe PDFView/Open
12_chapter 6.pdf291.54 kBAdobe PDFView/Open
13_chapter 7.pdf2.58 MBAdobe PDFView/Open
14_chapter 8.pdf110.6 kBAdobe PDFView/Open
15_bibliography.pdf66.55 kBAdobe PDFView/Open
16_abstract brief.pdf6.18 kBAdobe PDFView/Open
17_abstract detailed.pdf72.83 kBAdobe PDFView/Open

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