Mandatory 30% Dividend Payout to Government of India by Central Public Sector Units: is it Justified?

Abstract Dividends are an important financial measure for signalling the prevailing health of a company to shareholders, investors, lenders and for the market to gauge the conservatism/ aggression and soundness of a company with respect to future growth. The dilemma that decision-makers are perennially confronted with is the quantum of dividend disbursement and the ‘Now Read More …

Emerging Structural Response of the Corporate Sector – Early evidence on Mandatory Commitment

Abstract Sustainability is expected to be the essence of antecedents, process and the outcomes of any business. It is a marked change since the oft-quoted statement that social responsibility of business is to increase its profits (Friedman 1970). In line with the globally sweeping attitudinal transformation, the Indian corporate sector too witnessed a major structural Read More …

Sustaining Earth: Bringing Law, Society and Sustainable Development Together

Abstract The world is facing an unprecedented crisis of sustaining life and the earth. There is the need to have a balance between sustainability and governance, and between traditional patterns of ‘conflict’ and contemporary need for ‘cooperation’ in international affairs. It is graver than what is generally understood. Contemporary ‘urgency’ to cope with the issues Read More …

Paradoxical Performance – Indian Power Sector in need of interventions

Abstract The Indian Power Sector responded positively to the policy reforms initiated in 1991 in the economic and industrial sectoral domains. The opening up of the power sector witnessed immediate interest and caused almost a gold rush kind of situation. Though the enthusiastic entry happened in tranches that are separated by settling period, overall the Read More …

Transformation of NMIMS – A Case Study on making of an Institution

Institutions are an outcome of a leader’s dream, vision and strategy. In the context of knowledge organizations like educational institutions, which involve talent management, its intangibility, values and culture define the institution. These characteristics differentiate it from all other forms of organization. For example, the culture of collegiality and consensus building helps in making a Read More …

The Long and the Short of It: Do Public and Private Firms Invest Differently?

Abstract Using data from U.S. corporate tax returns, which provide a sample representative of the universe of U.S. corporations, we investigate the differential investment propensities of public and private firms. Re-weighting the data to generate observationally comparable sets of public and private firms, we find robust evidence that public firms invest more overall, particularly in Read More …

Potential GDP Growth for China and India: What Growth Rate is Sustainable

Author Paul Kutasovic New York Institute Of Technology Abstract In this manuscript, we determine the sources of historic growth for the economies of India and China. Next, we estimate potential GDP growth for each country. The study concludes that India is more favorably positioned for long-term growth than China with a higher steady state growth Read More …