Generating financial flexibility and financial performance through disinvestment: A comparative study of disinvested and non-disinvested public sector enterprises in …

S Gupta, PK Jain, SS Yadav - Global Journal of Flexible Systems …, 2011 - Springer
S Gupta, PK Jain, SS Yadav
Global Journal of Flexible Systems Management, 2011Springer
The objective of this paper is to assess and compare the financial performance of
disinvested and non-disinvested central public sector enterprises (PSEs) based on 19 ratios
(pertaining to the profitability, efficiency, leverage, liquidity and productivity per manpower)
over a period of 16 years (1991-92 to 2006-07). The result shows that disinvestment has
played significant role in enhancing the financial performance of disinvested PSEs over a
period of time compared to non-disinvested PSEs in majority of parameters.
Abstract
The objective of this paper is to assess and compare the financial performance of disinvested and non-disinvested central public sector enterprises (PSEs) based on 19 ratios (pertaining to the profitability, efficiency, leverage, liquidity and productivity per manpower) over a period of 16 years (1991-92 to 2006-07). The result shows that disinvestment has played significant role in enhancing the financial performance of disinvested PSEs over a period of time compared to non-disinvested PSEs in majority of parameters.
Springer
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