Financial Management Practices

An Empirical Study of Indian Corporates

  • P.K. Jain
  • Shveta Singh
  • Surendra Singh Yadav
Book

Part of the India Studies in Business and Economics book series (ISBE)

Table of contents

  1. Front Matter
    Pages i-xlvi
  2. Background

    1. Front Matter
      Pages 1-1
    2. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 3-34
  3. Financial Decisions

    1. Front Matter
      Pages 35-35
    2. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 37-76
    3. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 77-158
    4. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 159-175
    5. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 177-255
  4. Corporate Governance, Risk Management and Professionalism

    1. Front Matter
      Pages 257-257
    2. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 259-275
    3. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 277-297
    4. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 299-316
  5. Summary and Conclusions

    1. Front Matter
      Pages 317-317
    2. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 319-374
    3. P. K. Jain, Shveta Singh, Surendra Singh Yadav
      Pages 375-381
  6. Back Matter
    Pages 383-389

About this book

Introduction

Financial management practices are likely to have a marked effect on the financial performance of a corporate enterprise. Therefore, sound financial decisions/practices can contribute towards meeting the desired objective of having profitable operations. This subject assumes paramount significance in view of the present dynamic and turbulent business environment, which has produced more intense competition and smaller profit margins across the world. In this context, the financial management practices of the corporates in India, a country with a vast potential for economic growth, can offer valuable insights.

The present study explores whether there has been a major change in the financial performance (measured in terms of profitability) and financial policies/decisions of the sample companies over a fixed period (2000-2001 to 2010-2011), with a special focus on pre and post-recession analysis. It delves deeper into current research areas such as zero working capital, real options in capital budgeting, pecking order in capital structures, and clause 49 as reflected in the financial management decisions of sample companies, and provides a broader perspective by identifying trends (if any) in certain aspects of financial decision-making over the past two decades.

A comprehensive study, covering all the major aspects of financial management practices, also contains an inter-sectoral study (among the sample companies) and develops an index of professionalism in financial management based on the practices of the sample companies.

The book is primarily targeted at teachers/students of finance, management, commerce, accounting and related professional disciplines/fields. Practitioners/professionals will find it an invaluable text that helps guide them to better decision-making.


Keywords

Capital Budgeting Practices Capital Structure Decisions Corporate Governance Financial Decisions Risk Management

Authors and affiliations

  • P.K. Jain
    • 1
  • Shveta Singh
    • 2
  • Surendra Singh Yadav
    • 3
  1. 1., Department of Management StudiesIndian Institute of TechnologyNew DelhiIndia
  2. 2., Department of Management StudiesIndian Institute of TechnologyNew DelhiIndia
  3. 3., Department of Management StudiesIndian Institute of TechnologyNew DelhiIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-81-322-0990-4
  • Copyright Information Springer India 2013
  • Publisher Name Springer, India
  • eBook Packages Business and Economics
  • Print ISBN 978-81-322-0989-8
  • Online ISBN 978-81-322-0990-4
  • About this book