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Title: The relationship between financial structure and productivity of select Indian firms
Researcher: Meetakshi Pant
Guide(s): Murthy, Bhanu K V
Keywords: commerce
Upload Date: 27-May-2013
University: University of Delhi
Completed Date: 2012
Abstract: I. INTRODUCTION Traditionally financial structure has been seen as a purely financial problem without any reference to production theory. In as much as all the firms are responsible for economic activity which involves production of goods and services, it should be obvious that there would be some relationship between production theory and finance theory. While firms needs to be financially viable for continuing production, it is equally true that economic activity, production and real variables, including productivity, would contribute to this financial viability. For a continued existence and growth, firms have to undertake decisions in relation to financing of growth. The contention of this thesis is that such a financing decision and consequent financial structure would be integrally linked to production activity, production theory, productivity, efficiency and growth. It needs to be understood that finance is not an end in itself; rather it is a means for the continued existence of the firm. Productivity, innovation, technological progress and efficiency contribute to the growth of the firm. In an accounting sense, this related to the Going concern concept . Each going concern aims at continued production activity. This is clear cut indication of the integral relationship. The going concern cannot survive unless this relationship exists. The primary interest in this topic arises out of Nucci, Pozzolo and Schivardi (2005) study. However our approach and understanding is quite contrary to their assertion that A major achievement of this renewed research effort is a conclusive answer to the question of causality . This is because the direction of causality is purported to be from financial structure to productivity, in the above study. Our main question is whether debt equity ratio causes productivity or productivity causes debt equity ratio. Total factor productivity growth (TFP) is the best known measure of productivity.
Pagination: 253p.
Appears in Departments:Dept. of Commerce

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01_title.pdfAttached File33.99 kBAdobe PDFView/Open
02_declaration.pdf36.98 kBAdobe PDFView/Open
03_acknowledgement.pdf38.55 kBAdobe PDFView/Open
04_contents.pdf59.62 kBAdobe PDFView/Open
05_list of tables.pdf35.62 kBAdobe PDFView/Open
06_list of figures.pdf31.37 kBAdobe PDFView/Open
07_list of abbreviations.pdf32.88 kBAdobe PDFView/Open
08_list of companies.pdf55.76 kBAdobe PDFView/Open
09_chapter 1.pdf72.18 kBAdobe PDFView/Open
10_chapter 2.pdf184.34 kBAdobe PDFView/Open
11_chapter 3.pdf289.74 kBAdobe PDFView/Open
12_chapter 4.pdf194.93 kBAdobe PDFView/Open
13_chapter 5.pdf396.62 kBAdobe PDFView/Open
14_chapter 6.pdf914.18 kBAdobe PDFView/Open
15_chapter 7.pdf831.32 kBAdobe PDFView/Open
16_chapter 8.pdf83.06 kBAdobe PDFView/Open
17_bibliography.pdf88.01 kBAdobe PDFView/Open
18_abstract.pdf66.69 kBAdobe PDFView/Open

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