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Efficiency of Liquidity Management in Indian Tyre Industry: A Study of Selected Companies during the Post-Liberalisation Era

Efficiency of Liquidity Management in Indian Tyre Industry: A Study of Selected Companies during the Post-Liberalisation Era

Pratap Banerjee
Copyright: © 2014 |Pages: 21
ISBN13: 9781466651548|ISBN10: 1466651547|EISBN13: 9781466651555
DOI: 10.4018/978-1-4666-5154-8.ch025
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MLA

Banerjee, Pratap. "Efficiency of Liquidity Management in Indian Tyre Industry: A Study of Selected Companies during the Post-Liberalisation Era." Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance, edited by Nilanjan Ray and Kaushik Chakraborty, IGI Global, 2014, pp. 362-382. https://doi.org/10.4018/978-1-4666-5154-8.ch025

APA

Banerjee, P. (2014). Efficiency of Liquidity Management in Indian Tyre Industry: A Study of Selected Companies during the Post-Liberalisation Era. In N. Ray & K. Chakraborty (Eds.), Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance (pp. 362-382). IGI Global. https://doi.org/10.4018/978-1-4666-5154-8.ch025

Chicago

Banerjee, Pratap. "Efficiency of Liquidity Management in Indian Tyre Industry: A Study of Selected Companies during the Post-Liberalisation Era." In Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance, edited by Nilanjan Ray and Kaushik Chakraborty, 362-382. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-5154-8.ch025

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Abstract

It is unanimously accepted that liquidity management is a very important facet of financial management in any kind of business. An overall control over liquidity of the firm can only ensure a smooth running of its business wheel. Like other manufacturing sectors in India, the Indian tyre industry has been facing fierce challenges due to intensified competition in the marketplace as a result of Liberalization, Privatization, and Globalization (LPG). In this backdrop, an attempt has been made to study the efficiency of working capital in maintaining liquidity of Indian tyre industry during the period 1998-99 to 2007-08. The data for the period from 1998-99 to 2007-08 used in this chapter have been collected from the Capitaline Corporate Database, the official of Capital Market Publishers (India) Ltd., Mumbai. While carrying out this study, suitable measures relating to financial statement analysis as well as relevant statistical tools and techniques have been applied at appropriate places. The overall findings of the study indicate that there was no proper trade-off between liquidity and profitability in the selected tyre companies during the study period.

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