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Ganesamoorthy, L.
- Management of Working Capital Components among Select Automobile Companies in India
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Authors
Affiliations
1 Annamalai University, Annamalainagar, Chidambaram – 608 002, Tamilnadu, IN
2 Department of Commerce, Annamalai University, Annamalainagar, Chidambaram – 608 002, Tamilnadu, IN
1 Annamalai University, Annamalainagar, Chidambaram – 608 002, Tamilnadu, IN
2 Department of Commerce, Annamalai University, Annamalainagar, Chidambaram – 608 002, Tamilnadu, IN
Source
Asian Journal of Management, Vol 4, No 4 (2013), Pagination: 301-307Abstract
This paper analyses the management of working capital components of select automobile companies in India. For this purpose two leading manufacturers of both passenger and commercial vehicles were selected such as, Tata motors limited and Mahindra and Mahindra limited. This study used secondary data for the study period of nine years from 2003-04 to 2011-12. This study used simple percentage and ratio for analyzing the data. It analysed inventory, receivables and payables and cash management separately. The study found efficient receivables and payables management by both the companies. The study found negative cash conversion cycle during all the years of the study period of both the companies, it was possible because very short debtors' collection period and inventory conversion period and long creditors' payment period. The study concluded that both the companies efficiently managed their working capital components.Keywords
Working Capital, Inventory, Receivables, Payables, Work-in-progress
References
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- An Empirical Study of FIIs Investment Pattern in Different Sectors and Its Impact on Sectoral Indices
Abstract Views :234 |
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Authors
Affiliations
1 Annamalai University, Annamalainagar-608 002, Tamilnadu, IN
2 Department of Commerce, Annamalai University, Annamalainagar – 608 002, Tamilnadu, IN
1 Annamalai University, Annamalainagar-608 002, Tamilnadu, IN
2 Department of Commerce, Annamalai University, Annamalainagar – 608 002, Tamilnadu, IN
Source
Asian Journal of Management, Vol 7, No 1 (2016), Pagination: 65-69Abstract
Indian stock market attracts foreign investors, since it gives high return than developed and most of the developing markets. FIIs are the investors who invest in bulk in Indian stock market. About 20 per cent of investments in Indian stock market are by FIIs. In order to know sector wise investment of FIIs and its impact on concerned sectoral index, an analysis has been made. The study was undertaken to study the trend of selected sectoral indices and FIIs investment in selected sectors and its impact on the movement of sectoral indices. The study selected Bank, Automobile, Information Technology, Capital Goods, Oil and Gas, Metal and Realty sectors and concerned sectoral indices maintained by BSE. The data related to FIIs investment in selected sectors and sectoral indices were collected on fortnightly basis from 15th January 2012 to 31st March 2014. For this purpose of analysing trend of select sector indices, the data collected for 10 years from 2004-05 to 2013-14 on yearly basis. The study applied trend analysis and correlation analysis as statistical tools. The study found that growth of the indices BSE AUTO, BSE BANKEX, BSE CG, BSE IT and BSE OG were high, the growth rate of the index BSE METAL was low and there was adverse growth in the index BSE REALTY. The study also evidenced that FIIs investment in the sectors of finance, automobile, information technology, capital goods, oil and gas and metal had significant impact on the concerned sectoral indices and the co-efficient of correlation was very high. FIIs investment in realty sector did not have significant impact on the movement of sectoral index of BSE REALTY.
Keywords
FII, Stock Market, Sector, Impact and Investment.- Accounting Information and Share Price Movements in SENSEX–A Special Reference to Automobile Industry
Abstract Views :420 |
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Authors
Affiliations
1 Department of Commerce Annamalai, University. Annamalai Nagar, IN
2 Annamalai University, Annamalai Nagar, Tamilnadu., IN
1 Department of Commerce Annamalai, University. Annamalai Nagar, IN
2 Annamalai University, Annamalai Nagar, Tamilnadu., IN
Source
Asian Journal of Management, Vol 8, No 4 (2017), Pagination: 957-961Abstract
The study has been carried out to analyse the impact of accounting variables on share price behaviour of SENSEX with reference to automobile industry. Four automobile companies namely Hero Motocorp Ltd. Maruti Suzuki India Ltd. Mahindra and Mahindra Ltd. and Tata Motors Ltd. Included in SENSEX are selected. The study has been made for twelve years from 2004-05 to 2015-16. Nine accounting variables are selected for the study to study impact on share price return on selected companies. The researcher applied ratio analysis as financial tool and descriptive statistics, correlation and regression analysis as statistical tools. The results of ANOVA revealed that the model considered for the study is statistically fit and the entire nine variables explained the share price behaviour to the extent of 42.8 percent. The study found that the variables, Dividend Growth Rate, Operating Profit Ratio, Earning per Share and Book Value per Share had significant positive impact on share price behaviour of selected automobile companies in India. The variable, dividend per share had significant negative impact on share price behaviour of the sample companies. Other variables namely Size of the Firm, Assets Growth Rate and Price Earnings Ratio did not have significant impact on share price behaviour of selected automobile companies in India.Keywords
Return, Sensex, Accounting, Operating Profit, Automobile.References
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- Hamid Reza Vakilitard and Malektaj Oskousi. The Risk of firm Performance Evidence from automobile companies listed in turban stock exchange. Journal of scientist. 19(6); 2014: 740-746.
- Junlie Wang, Gang Fu and Chao Luo. Accounting Information and Stock Price Reaction of listed companies empirical evidence from 60 listed companies in shanghai stock exchange, journal of business and management. 2(2); 2013: 11-21.
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- www.bseindia.com
- www.bajajauto.com/demerged.asp