Efficiency of Liquidity Management and Corporate Profitability: a Study of Selected Indian Manufacturing Companies During the Post-liberalization Era

The Indian industries have been facing fierce challenges due to intensified competition in the market place as a result of liberalization, privatization and globalization(LPG). As a consequence,the Indian manufacturing companies have been making necessary changes in their liquidity management. Furthermore, the recent collapse of big businesses in and around the world also makes the firms more aware of their liquidity. In this backdrop, the present book presents an empirical study which makes an attempt to evaluate the efficiency of the liquidity management of the selected manufacturing companies in Indian corporate sector during the post-liberalization period. Awareness of this topic has been increased recently because of the changes in the short-term debt management. It has been hoped that this book will definitely enrich the literature on financial management.