stdClass Object
(
    [id] => 8669
    [paper_index] => EW201606-01-000884
    [title] => DETERMINANTS OF EXTERNAL FINANCE IN INDIAN IRON AND STEEL INDUSTRY
    [description] => <ol>
	<li>Agarwal, R.N. (1982), &ldquo;Analysis of Profits, Investment and&nbsp;&nbsp; Financing Behaviour of Indian Automobile Manufacturing Industry&rdquo;, Ph.D. Thesis, Delhi University</li>
	<li>Athey, M.J. and Laumas. P.S.&nbsp; (1994) &ldquo;Internal Funds and Corporate Investment in India&rdquo;. <em>Journal of Development Economics</em>. 45.2: 287-303.</li>
	<li>Carpenter, R., S.M. Fazzari and B.C. Peterson(1994), &quot;<a href="http://ideas.repec.org/p/wpa/wuwpma/9401001.html">Inventory Investment, Internal Finance Fluctuations, and the Business Cycle</a>&ldquo;. <em>Brookings Papers on Economic Activity</em>. 25:75-138.</li>
	<li>Krishnamurthy, K. and D.U. Sastry. (1975), &ldquo;Investment, Accelerator and Financial Factors: An Analysis of the Corporate Sector in India&rdquo;, <em>Sankhya</em>. 37. C.Part II, 57-80.</li>
	<li>Kalecki, Michal, (1937). &ldquo;The Principle of Increasing Risk,&rdquo; Economica, Vol. 4 (new series): 440-447.</li>
	<li>Suresh, P.S. (2013), &ldquo;Investment Behavior In Indian Sugar Industry: An Econometric Study<em>.&rdquo;</em>Global Research Publications. 2013</li>
	<li>Meyer, J.R. and E. Kuh (1957),&rdquo;The Investment Decision: An Empirical Study.&rdquo; Cambridge, Harvard University Press.</li>
	<li>Sastry, D.U. (1975), &ldquo;Investment Behavior in the Capital Indian Goods Industry&rdquo;. Indian Economic Journal. 23.1..</li>
	<li>Swamy, D.S. and Rao, V.G. (1975), &ldquo;The Flow of Funds in the Indian Manufacturing Sector&rdquo;. Sankhya.&nbsp; C. 37: 11-19.</li>
	<li>Dhrymes, P.J. and M. Kurj, &ldquo;Investment, Dividends and External Finance Behavior of Firms&rdquo;, In Ferber, R. ed., Determinants of Investment Behavior , Universities National Bureau Conference Series, No.18, Columbia University Press for The National Bureau of Economic Research, New York. 1967.</li>
</ol>

<p style="margin-left:36.0pt;">&nbsp;</p>

    [author] => Dr. Darishisha  War Thangkhiew
    [googlescholar] => 
    [doi] => 
    [year] => 2016
    [month] => June
    [volume] => 4
    [issue] => 6
    [file] => eprapub/EW201606-01-000884.pdf
    [abstract] => <p>In the present paper the determinants of external finance in Indian Iron and Steel Industry are being investigated in the framework of principle of increasing risk as proposed by Kalecki (1937). The explanatory variables considered for the study are flow of net debt, retained earnings, profit after tax, sales change variable and inventory investment. This paper used the data of public limited companies, which are non-governmental and non-financial, for the period 1999-2000 to 2010-11. The model has three specifications in which time series, cross section and pooled data is employed for estimation using ordinary least squares method. The results of the three above mentioned analyses, revealed the importance of external finance as a determinant of fixed investment in Indian iron and steel industry. Appropriate monetary and financial policies are thereby called for to strengthen the accessibility of finance by the companies under the industry. The influence of accelerator, profit after tax and retained earnings on fixed investment expenditures of the industry is found to be weak.</p>

<p>JEL classification numbers: E22, G31</p>

<p><strong>KEYWORDS: </strong>External finance, Fixed investment, Flexible accelerator</p>

    [keywords] => 
    [doj] => 
    [hit] => 2088
    [status] => 
    [award_status] => P
    [orderr] => 4
    [journal_id] => 4
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Economic and Business Review(JEBR)
    [short_code] => IJES
    [eissn] => 2347-9671 (O), 2349-0187(P)
    [pissn] => 
    [home_page_wrapper] => images/products_image/12.JEBR.png
)
Error fetching PDF file.