Financial management practices of public sector enterprises in India: capital structure decisions and risk considerations
by P.K. Jain, Surendra S. Yadav
International Journal of Risk Assessment and Management (IJRAM), Vol. 7, No. 4, 2007

Abstract: The major findings of the study are that most public sector enterprises (PSEs) in India have a debt dominated capital structure and a sizeable number of PSEs are beset with the risk of unserviceable debt. Therefore, it is suggested that viable PSEs should refrain from the excessive use of debt, on the one hand, and that the government, while restructuring the struggling PSEs, should formulate their financial restructuring schemes in such a manner as to enable them to operate with balanced D/E ratios, on the other.

Online publication date: Sun, 11-Mar-2007

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