The objectives of the study were (a) to find out the financial goals structure and the relative significance of the financial goals pursued by companies in India and (b) to examine if a company’s financial performance was related to the goal structure it follows. A questionnaire was sent to...

Inspite of some empirical evidence in favor of the capital market efficiency in weak form and mildly in favor of semi-strong form, the capital markets participants allege that the market is excessively speculative and inefficient. The objective of this study therefore is to assess the extent of...

In this study we examine the dividend behaviour of Indian companies. We use GMM estimator, which is the most suitable methodology in a dynamic setting. Our results show that the Indian firms have lower target ratios and higher adjustment factors. The most significant result is that the...

In finance literature several theoretical constructs have been proposed to explain the dividend policy of a company. Several empirical studies have been conducted to test these theories. Very few attempts have been made to understand the perceptions and attitudes of managers about the factors...

The objectives of the study were: (a) to present Indian evidence on empirical-based classification of financial ratios, and (b) to examine the intertemporal stability/change of classification of ratios so obtained for the 20 year period of 1965-66 to 1984-85. The study used data of 612 Indian...

The Study aimed to test the existence of multiple financial goals and to find the relative significance of the financial goals pursued by companies in India. A questionnaire was sent to companies listed in the Investors’ Guide of Economic Times. Sixty one questionnaires were received back, of...

This paper addresses to the question: How do firms in emerging economy choose their capital structure? Thai firms’ capital structures were empirically investigated to find their patterns over the period of the country’s financial liberalisation and economic success. Also, the attributes of...

The purpose of this study was to assess the degree of professionalism in three all-India level DFIs -–IDBI, IFCI and ICICI. It was also intended to derive implications for developing policies and procedures for managing development banks in general. On the basis of experiences of all-India...

Recently some corporate managers in India have started emphasising the need of the shareholder value creation (SVC). A few of them have explicitly stated SVC as their most important goal. Companies such as the Hindustan Lever Limited, Infosys or Balrampur Chini have reported information on the...

The presence of the seasonal or monthly effect in stock returns has been reported in several developed and emerging stock markets. This study investigates the existence of seasonality in Indias stock market. It covers the post-reform period. The study uses the monthly return data of the Bombay...