Corporate Performance during Business Cycles: Evidence from Indian Manufacturing Firms (Record no. 51027)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01919nam a2200217 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190130155820.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190130b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Lagesh, M. A. |
| 9 (RLIN) | 33097 |
| 245 ## - TITLE STATEMENT | |
| Title | Corporate Performance during Business Cycles: Evidence from Indian Manufacturing Firms |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1261–1274 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The present study is an attempt to assess the ‘probability of incurring loss’ of manufacturing firms in India during different phases of business cycles. We use data on a sample of 87 manufacturing companies for the period from 2002 to 2014 (comprising 1131 firm years). We use the panel logit model with the dependent variable derived from the return on assets to empirically test the hypothesis. Besides, we use firm-specific variables and macroeconomic variables as independent variables in the model. Firm-specific variables, namely size of the firm and interest coverage ratio and macroeconomic variables namely exchange rate, bank credit, inflation, interest rate and index of industrial production are statistically significant in predicting the probability of incurring loss of the firms during the study period. The results are important for investors, corporate houses, managers, lenders, policymakers and the research community as business cycles have a visible impact on all functional areas of an organization. Our study assumes significance because of the importance of macroeconomic variables in the strategic decision-making of the corporate sector in general and manufacturing firms in particular. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Manufacturing firms, |
| Uncontrolled term | business cycles |
| Uncontrolled term | panel logit |
| Uncontrolled term | India |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Srikanth, Maram |
| 9 (RLIN) | 9716 |
| Personal name | Acharya, Debashis |
| 9 (RLIN) | 33098 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29349 |
| Host Itemnumber | 73150 |
| Main entry heading | BANIK, ARINDAM |
| Place, publisher, and date of publication | NEW DELHI SAGE PUBLISHING PVT. LTD. |
| Other item identifier | 5559630 |
| Title | GLOBAL BUSINESS REVIEW |
| International Standard Serial Number | 0972-1509 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 30/01/2019 | Vol 19, No 5/ 5559630JA8 | 5559630JA8 | 30/01/2019 | 30/01/2019 |