Indian manufacturing sector in post-reform period : an assessment of the role of macroeconomic and firm-specific factors in determining financial performance / / Sumit Kumar Maji, Arindam Laha, Debasish Sur

• Autore: Maji Sumit Kumar
• Pubblicazione: Singapore : , : Palgrave Macmillan, , [2022]; ©2022
• Descrizione fisica: 1 online resource (186 pages)
• Disciplina: 338.47670954
• Soggetto topico: Manufacturing industries - India; Manufacturing industries
• Soggetto geografico: India
• Persona (resp. second.): SurDebasish; LahaArindam
• Nota di contenuto: Intro -- Preface -- Contents -- About the Authors -- Abbreviations -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 Need for Manufacturing Sector -- 1.2 Financial Performance Indicators of the Manufacturing Sector and Their Linkages with Economic Factors: A Conceptual Framework -- 1.3 Microeconomic (or Firm-Specific) Factors -- 1.3.1 Age of the Firms -- 1.3.2 Size of the Firms -- 1.3.3 Leverage -- 1.3.4 Liquidity -- 1.3.5 Intellectual Capital -- 1.3.6 Openness of the Firm -- 1.4 Industry-Specific Factors -- 1.5 Macroeconomic Factors -- 1.5.1 Economic Growth -- 1.5.2 Exchange Rate -- 1.5.3 Foreign Investment -- 1.5.4 Inflation -- 1.5.5 Money Supply and Rate of Interest -- 1.5.6 Oil Price -- 1.5.7 Stock Market Integration -- 1.5.8 Economic Policy -- 1.6 Selection of Sample Firms -- 1.7 Innovativeness of the Book -- 2 Manufacturing Policies in India: A Disaggregated Analysis -- 2.1 Introduction -- 2.2 Industrial Policy-An Overview -- 2.2.1 Period of Regulation (1947-1980) -- 2.2.2 Period of Deregulation (1980 onwards) -- 2.3 Manufacturing Sector-Specific Policy Initiatives -- 2.4 Changing Landscape of Industrial Development in India -- 2.4.1 Contribution of Industry in GDP -- 2.4.2 GDP Growth Rate of Manufacturing Sector -- 2.4.3 Gross Fixed Capital Formation (GFCF) in Manufacturing Sector -- 2.4.4 Trend of Capital-Output Ratio of Manufacturing Sector -- 2.5 A Sum Up -- 3 Factors Affecting Financial Performance of Firms: An Exploration of the Existing Research Works -- 3.1 Introduction -- 3.2 Research Studies in Foreign Countries -- 3.2.1 Financial Performance Analysis -- 3.2.1.1 Macroeconomic Factors -- 3.2.1.2 Microeconomic Factors -- 3.2.1.3 Other Factors -- 3.2.2 Efficiency Analysis -- 3.2.2.1 Macroeconomic Factors -- 3.2.2.2 Microeconomic Factors -- 3.2.2.3 Other Factors -- 3.2.3 Stock Market Analysis. ; 3.2.3.1 Macroeconomic Factors -- 3.2.3.2 Microeconomic Factors -- 3.2.3.3 Other Factors -- 3.3 Evidence Gap Map (EGM): Evidence on the Existing Empirical Literature in India -- 3.4 Research Gap -- 3.5 Objectives of the Study -- References -- 4 Measurement of Efficiency of the Select Indian Manufacturing Firms and Its Determinants: Implications of Firm-Specific and Macroeconomic Factors -- 4.1 Introduction -- 4.2 Measurement of Efficiency and Its Determinants -- 4.3 Results and Discussion -- 4.3.1 Estimation of Stochastic Production Function: -- 4.4 Measurement of Efficiency -- 4.5 Descriptive Statistics of the Firm-Specific Factors -- 4.6 Determinants of Efficiency -- 4.6.1 Leverage -- 4.6.2 Openness -- 4.6.3 Size -- 4.6.4 Growth -- 4.6.5 Age -- 4.6.6 Exchange Rate -- 4.6.7 Inflation -- 4.7 A Sum Up -- References -- 5 Implications of Various Macroeconomic and Firm-Specific Factors on the Financial Performance of the Select Indian Manufacturing Firms -- 5.1 Introduction -- 5.2 Sector-Wise Measurement of Profitability -- 5.3 Determinants of Profitability: Implications of Firm-Specific and Macroeconomic Factors -- 5.3.1 Leverage -- 5.3.2 Liquidity -- 5.3.3 Intellectual Capital -- 5.3.4 Size of the Firm -- 5.3.5 Age of the Firm -- 5.3.6 Growth of the Firm -- 5.3.7 Openness of a Firm -- 5.3.8 Index of Industrial Production -- 5.3.9 Exchange Rate -- 5.3.10 Inflation -- 5.4 A Sum Up -- References -- 6 Interrelationship Between Macroeconomic Fundamentals and Sector-Specific Stock Indices of the Indian Manufacturing Sector -- 6.1 Introduction -- 6.2 Trend of Sectoral Manufacturing Stock Indices -- 6.3 Relationships Between Sectoral Stock Indices and Macroeconomic Factors -- 6.3.1 Step 1-Selection of Macroeconomic Factors and Sector-Specific Stock Indices -- 6.3.2 Step 2-Testing Stationarity -- 6.3.3 Step 3-Choosing an Appropriate Model. ; 6.3.4 Step 4-Measurement of Long-Run Elasticity -- 6.3.5 Economic Policy Uncertainty -- 6.3.5.1 Foreign Investment -- 6.3.5.2 Interest Rate -- 6.3.5.3 Exchange Rate -- 6.3.5.4 Price Factor -- 6.3.5.5 Oil Price -- 6.3.6 Step 5-Measurement of Short-Run Elasticity -- 6.4 Structural Break -- 6.4.1 First Stage -- 6.4.2 Second Stage -- 6.5 A Sum Up -- References -- 7 Summary and Policy Implications -- 7.1 Overview of the Book -- 7.2 Summary of the Findings and Concluding Observations -- 7.2.1 Basic Metal -- 7.2.2 Industrials -- 7.2.3 Fast Moving Consumer Goods -- 7.2.4 Health Care -- 7.2.5 Consumer Discretionary Goods and Services -- 7.3 Policy Implications of the Study -- 7.4 Future Research Agenda -- Bibliography -- Index.
• Titolo autorizzato: Indian Manufacturing Sector in Post-Reform Period
• ISBN: 981-19-2666-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910580137103321
• Lo trovi qui: Univ. Federico II
• Serie: Palgrave pivot.