Concluding Observations
P. K. Jain,
Shveta Singh and
Surendra Singh Yadav
Additional contact information
P. K. Jain: Indian Institute of Technology
Shveta Singh: Indian Institute of Technology
Surendra Singh Yadav: Indian Institute of Technology
Chapter Chapter 10 in Financial Management Practices, 2013, pp 375-381 from Springer
Abstract:
Abstract In conclusion, it appears safe to summarise that the sample companies seem to be following sound financial management practices. Needless to say, there are several areas where more emphasis in training and practice could further enhance financial decision-making (this has been highlighted in the form of a normative framework at the end of the chapters). Nonetheless, this research adds to the body of knowledge on financial decision-making by showing where Indian companies stand in this decade and identifying specific areas for improvement. There are surprising (rather positive) findings like use of WACC, extensive use of DCF methods, prevalence of use real options, easy financing of assets, aggressive working capital management, adequate coverage of total external obligations, stable dividend policies and encouraging profitability and efficiency levels, indicating the growing sophistication in financial decision-making.
Keywords: Corporate Governance; Capital Structure; Capital Budget; Sample Company; Work Capital Management (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-0990-4_10
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DOI: 10.1007/978-81-322-0990-4_10
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