Abstract
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Article Information:
Importance of Liquidity Management on Profitability
Amalendu Bhunia and Sri Bidhan Brahma
Corresponding Author: Amalendu Bhunia
Submitted: 2011 March, 03
Accepted: 2011 April, 07
Published: 2011 May, 15 |
Abstract:
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The main purpose of this study is to identify the effectiveness of working capital in terms of shortterm
liquidity of the private sector steel companies in India. Since LPG, to ensure swift economic development
it was deemed essential that a sound steel production program with private sector on a formidable basis must
be formulated. To some extent the priority given by the country failed to flourish due to poor capacity, underutilisation
and poor consumption. We select four private sector steel companies operating in India purposively
in the present study. Liquidity position is more satisfactory in the case of TSL and unsatisfactory in the case
of JSWSL. Cash management performance is weak in case of JSWSL which means liquidity crunch exists.
There exists a relationship between liquidity and profitability indicators.
Key words: Indian steel companies, liquidity indicators, multiple regressions, private sector, working capital, ,
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Abstract
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Cite this Reference:
Amalendu Bhunia and Sri Bidhan Brahma, . Importance of Liquidity Management on Profitability. Asian Journal of Business Management, (2): 108-117.
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ISSN (Online): 2041-8752
ISSN (Print): 2041-8744 |
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