Title: Financial flexibility, managerial efficiency and firm performance - an empirical analysis on a sample of Indian listed textile industries

Authors: Avula Sreenivasulu; Rajesh Mamilla

Addresses: Department of VIT Business School, Vellore Institute of Technology, Vellore, Tamilnadu, India ' Department of VIT Business School, Vellore Institute of Technology, Vellore, Tamilnadu, India

Abstract: The confounding effects of financial flexibility on corporate capital remain in research and practice as hold controlled elections. The objective of this study is to use the modified financial flexibility index to portray the current characteristics of the listed textile industries of the Indian stock market. Indian indexed firms tend to pay attention to the 'new pecking order theory' when seeking external lending rather than lending to external debt for India's undeveloped bond markets. This study investigates financial flexibility, managerial efficiency, and firm performance. This can provide insights into how these factors affect the financial performance of firms, which can be helpful for practitioners and policymakers. This paper examines a sample of a listed group in India that has modified its economic flexibility indicators to strengthen the Japanese capital's market situation. This ensures that Indian index companies improve money market integration from a global perspective.

Keywords: financial flexibility; customised financial flexibility indicator; FFI; firm's performance; management effectiveness.

DOI: 10.1504/IJPMB.2024.138805

International Journal of Process Management and Benchmarking, 2024 Vol.17 No.3, pp.332 - 346

Received: 21 Apr 2023
Accepted: 26 Apr 2023
Published online: 31 May 2024 *

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