India had adopted disinvestment, as part of broader reforms, in 1991 to improve performance of public sector … enterprises (PSEs) owned by the Central government of India. The current study captures the effect of disinvestment policy on the … by a harmonious union of internal (firm specific) and external factors. Among external factors, disinvestment, as a …

) in India on the basis of several dimensions on pre and post disinvestment bases over the life span of more than two …, liquidity, leverage and productivity ratios. The findings suggest that partial or small amount of disinvestment has not yielded … disinvestment, such as high cost and noncompetitive industrial structure, operational inefficiency due to high governmental …