06-02-2013, 11:12 AM
Investment and Financing in Pesticides Industry in India
ABSTRACT
Adesh Sharma (1994)39 applied accelerator model with financial variables to determine the factors influencing investment in inventories in pesticides industry in India. Data had been taken form the Stock Exchange Official Directory, Mumbai for the period 1978-1992 in respect of 18 firms in this industry. The coefficients of the accelerator and financial variables were found to be significant and positive. The coefficient of inventory of inventory stock was significant and negative.
The above brief review of studies in Indian context shows that no attempts has been made to analyse working capital management in Hotel industry in India. Secondly, there have been many studies exploring the determinants of inventory investment, no attempt has been made to study the factors influencing investment in total working capital. On the basis of previous studies, the present study aims at filling both these gaps.