ANALYSIS OF WORKING CAPITAL MANAGEMENT OF SELECTED INDIAN IT COMPANIES
Keywords:
Working Capital, IT Companies, IndiaAbstract
Any type of business organization requires two types of capital namely fixed capital and Working capital. Fixed capital is required to meet long term expenditure and working capital is required for short term demands. Both capitals determine efficiency level of business organization. Better working capital management helps in increasing profitability position and profitability is essential to pay returns to the supplier’s funds, majorly returns to shareholders. It also determines liquidity position. Effective working capital management can be achieved through appropriate supervision over fixed assets, current assets and sale.
Downloads
References
Agarwal V. K. (1978). Size, profitability and growth in some manufacturing industries, unpublished FPM thesis IIM, Ahmedabad.
Asha J. (1981). Price-cost margin in Indian manufacturing industries: An econometric analysis, Unpublished Ph.D thesis, IIT, Kanpur.
Oladipupo, A.O., &Okafor, C.A. (in press). Relative contribution of working capital management to corporate profitability and dividend payout ratio: Evidence from Nigeria.
Shin H. H. &Soenen L. (1998). Efficiency of working capital and corporate profitability, Financial Practice and Education- all/Winter. http://papers.ssrn.com/sol3/delivery.cfm?:/ssrnID31591code629430.pdf.
Vijayakumar A. (2002). Determinants of corporate size, growth and profitability- The Indian experience, in the book Research Studies in Commerce and Management, Classical Publishing Company, New Delhi, 66-74.
