Financial Performance Measures of Business Group Companies: A Study of Indian Non-Metallic Mineral Products Industries
Year: 2011
Type: preprint
Abstract: This paper focuses on the financial performance measures of business group companies of Indian non-metallic mineral products industries. The study uses financial data of 57 business group companies of Indian nonmetallic mineral products industries (cement, glass, gems & jewelery, refractories, ceramic tiles, abrasives and granite) over a time period of 10 years (1999-2008) and examines the firm’s financial performance using performance measures – Operating Profit (OPPRO) and Return On Net Worth (RONW). The Size (SIZE), Leverage (LEV), Working Capital Ratio (WCR) and Age (AGE) of the firm are included as determinants of firm performance. Non-metallic mineral product category consists of important industries of the manufacturing sector (which contributes almost 15% to the GDP) and 3-4% to the GDP. This study tries to see the performance of business group firms in different business cycles.
Source: SSRN Electronic Journal
Author: Jighyasu Gaur
Institution: ICFAI Business School
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1495252794