05-02-2013, 04:51 PM
Investment and External Financing Behaviour of the Corporate Sector in India
ABSTRACT
Sastry’s study (1966)32 was a cross section analysis of total inventories of companies across several heterogeneous industries for the period 1955-60 using balance sheet data of public limited companies in the private sector. The study brought out the importance of accelerator represented by
change in sales. It also showed negative influence of fixed inventory investment.