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Does Better Management Of Financial Obligation Promote Productivity?

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  • PRATAP SINGH Awadhesh

    (Indian Institute of Management Lucknow, India)

Abstract

The purpose of this paper is to examine the role of key financial obligation factors on total factor productivity (TFP) for 34 Indian industries for the period 2008–2018 using qualitative and quantitative techniques. Financial obligations are measured by short- and long-term loans, operating expenses and liabilities. The outcome of qualitative techniques does not appear to support the hypothesis that short term and long-term loans, liabilities and operating expenses influence TFP. On the contrary, the evidences arise from quantitative technique appear to suggest that short term loan and operating expenses promote TFP. The study also suggests that complimentaries exist between operating expenses and short-term loan and they together appear to boost productivity.

Suggested Citation

  • PRATAP SINGH Awadhesh, 2020. "Does Better Management Of Financial Obligation Promote Productivity?," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 212-222, April.
    • Handle: RePEc:blg:journl:v:15:y:2020:i:1:p:212-222
    as

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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/15116pratap.pdf
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    References listed on IDEAS

    as
    1. Awadhesh Pratap SINGH, 2016. "Do Technology Spillovers Accelerate Performance of Firms? Unravelling a Puzzle from Indian Manufacturing Industry," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 108-120.
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    8. Wooldridge, Jeffrey M., 2009. "On estimating firm-level production functions using proxy variables to control for unobservables," Economics Letters, Elsevier, vol. 104(3), pages 112-114, September.
    9. Awadhesh Pratap SINGH, 2017. "Merge or Acquire - A Strategic Framework," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 125-139.
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