Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

L. C. Gupta

Abstract

This Paper presents a flow-of-funds analysis of the non-government non-financial corporations. The main object of the analysis is to present estimates of corporate investment fmd the various channels of financing such investment during recent years in order to indicate the important over-all magnitudes and financial relationships. The analysis in this paper is concentrated on the period 1956 to 1960, for which relatively complete data were available. This is the concern of section I. Section II offers some comments on the results of the flow-of-funds analysis presented in the first section.

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L. C. Gupta

Abstract

A Study of the financing-pattern of new Industrial enterprises is of great economic and social interest. Such a study can throw interesting light not only on the system of promotion and financing of new enterprises but also on the institutional change taking place in the capital market.

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L. C. Gupta

Abstract

There is at present no clearly recognized category of investment trust companies in India. It is true that certain official and non-official publications class some companies in the category of "investment trusts" or "investment companies." A closer examination of these classifications revealed that they include a mass of heterogeneous companies engaged in such diverse financial businesses as hire-purchase, general financing, mortgage and other lending, trading and speculation in shares or land, investing in shares and immovable property, and managing agency.

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L. C. Gupta

Abstract

The state-owned Life Insurance Corporation of India (LIC) is known to be the largest shareholder in many companies in the private sector of Indian industry. A great deal of curiosity has been shown about the relative size Of ite shareholding, particularly equity holdings. Only some very fragmentary information is, however, available about their relative size and no information whatsoever is available about their distribution among companies of different size and category. This paper attempts to fill these gaps in the available data. The results will be found to be of wide interest from the viewpoints of corporate control, corporate finance and the institutional development of the share market in India.

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