ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Management Component of Cost of Capital

Paul Mampilly Firms of equivalent risk class have a common cost of capital which is independent of the capital structure of the firms concerned.

Criteria for Evaluation for Capital Projects

S A Dave V V Bhatt Out of many competing capital projects, a choice of a few projects has to be made by applying certain decision criteria. The problem becomes more complex when interest rates are regulated by government. The market mechanism cannot provide appropriate guidelines in such an economy. The selected project must yield a minimum rate of return which would very likely be above the market interest rate and this minimum has to satisfy some social criteria.

Non - Traditional Industries as Exporters-A Case Study

A Case Study Ashok V Desai How does the Government aim to achieve the planned growth of exports? While it does not formulate plans at the commodity level, it has selected policy instruments which operate largely at that level This policy of extremely heterogeneous and ad hoc favours to exporters cannot he said to have been a dazzling success, looking at the growth of exports. But it is difficult to say why it has not worked unless one looks at its effects at the micro level This is what we propose to do in the present paper. For this purpose we have selected an industry the growth of whose exports is highly impressive. But as we shall show, the growth has been achieved in spite of rather than because of government policy.

Stocks of Finished Products in Relation to Production in Indian Industry, 1955-67

Production in Indian Industry, 1955-67 J C Sandesara This study of the proportion of stocks of finished goods to output in Indian industry over the period 1955-1967 concludes that (J) a little over three-quarters of the 279 industrial products analysed here had 5 days to less than 50 days of their production in the form of stocks of finished products; (2) stocks of finished products in relation to production showed a declining trend over time, suggesting perhaps better utilisation of that part of finished products inventory in industry; (3) in the majority of the products increases in production are associated with increases in stocks, though the rates of increase of stocks are rather small.

Organisational Development An Interim Balance-Sheet- A Comment

Balance-Sheet A Comment Ishwar Dayal Nitish R De ("Organisational Development; An Interim Balance-Sheet", Review of Management, May 29, 1971) has rightly pointed out that the target of change in OD is the total organisation or a discrete segment of it rather than a chosen activity such as cost control, O and M, management develop- ment, etc. The development of an organisation is seen as a total effort; change in the segments does not always ensure change in the whole. The segments may have their own. specific features hut the whole is not a sum-total of the parts.

Approaches to Project Evaluation

Ranjit K Sau The theoretical literature on cost-benefit analysis has grown in volume as well as in perception. Little and Mirrlees, for instance, have developed a fullI-fledged, novel approach in this respect, on the foundation laid by Jan Tinbergen, Simultaneously, another approach has been taking shape in the contributions of a number of economists among which Sens and Marglin's are perhaps the most outstanding. These are the two distinct, dominant trends of thinking on the question of project evaluation.

Management of Industry Trends and Prospects

H T Parekh For Indian management the last 25 years have been a period of exciting changes, steadily broadening opportunities and a vast increase in responsibilities in the changing social and economic context.

Delays in Adoption of Management Techniques in Governmental Administration

in Governmental Administration V Subramaniam The modern developing state is schizophrenic about management tools insofar as it is subject to four, contradictory pulls in regard to maximising net outputs. The law and order state ideal still governs a part of its activity, and so does the simple Keynesian balancing ideal Neither of these calls for any effort to maximise anything, except stability. As against this, the neo-Keynesian economic growth ideal calls for balancing at higher and higher levels

Underpinning for Technology

Market Structure, Conduct and Performance Samuel Paul Management Component of Cost of Capital Paul Mampilly Management Techniques in Government V Subramaniam Organisational Development Ishwar Dayal Approaches to Project Evaluation Ranjit K Sau Criteria for Evaluation of Capital Projects S A Dave V V Bhatt Market Structure and R&D K K Subrahmanian Stocks in Industry J C Sandesara Non-Traditional Industries as Exporters Ashok V Desai Management Trends and Prospects H T Parekh Review of Management is published four times a year, on the last Saturday of February, May, August and November.

Market Structure and R & D Activity-A Case Study of the Chemical Industry

A Case Study of the Chemical Industry K K Subrahmanian This paper seeks to examine the relevance to the Indian economy of the Schumpeterian hypothesis about the role of market structure in technological progress and, therefore, in economic growth.

Market Structure, Conduct and Performance

Performance INDUSTRIAL Organisation as a field of specialisation in economics owes a great deal to the pioneering work done by Edward Mason, a distinguished Harvard economist. Mason's contributions have not been limited to industrial organisation. In the Fifties, he shifted his attention to the study of economic development where again he has left an indelible mark. Harvard's emergence as a major contre of research and training in development economics is due in large measure to Ed Mason's leadership. The book under review is a collection of articles written in Mason's honour by a group of his distinguished students on selected aspects of industrial organisation and economic development.

Employment Patterns in Large Farms of Punjab

Review of Agriculture June 1971 the different observations had a very weak statistical basis. Whatever the situation might have been in the early sixties when the FMS were conducted, the whole controversy loses much of its importance in view of the developments which are taking place in Indian agriculture because, even if the small farmer had certain advantages over large farmers in labour-intensive techniques, these are likely to be wiped out as capital-intensive techniques gain popularity among farmers.

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