Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. Scope/Elements Investment decisions includes investment in fixed assets (called as capital budgeting). Investment in current assets are also a part of investment decisions …

Abstract Despite developments of recent theoretical and numerous empirical studies on the policies effectively adopted by companies, the dividend distribution policy (DDP) remains largely unexplained. In this regard, the main purpose of the current study is to empirically examine the effects of both CEO duality and ownership concentration on DDP during a crisis period. Furthermore, we test, using an interaction …

There are many different ways to make money in this world, but there is nothing quite so thrilling – or interesting – as investments. At least that’s how many people feel, and it makes sense; by researching and studying so that you have a deep understanding of how investing works and of which investments to buy, you can see a …

We document that a centralization decision-making culture of global banks affects the transmission of shocks from parent banks to their subsidiaries. Using a novel measure of integration culture of multinational banking conglomerates based on the prevalence of a language of power and authority in financial reports, we find that subsidiaries of banks with a relatively more autocratic integration culture cut …

Co-founders of Finovate Capital Aljo Joseph (left) and Akshat Birla are set for a busy business cycle in the coming months Image – Aljo Joseph: Sharon Joseph; Akshat Birla:Sheetal Birla In early May and after four months of deliberations, fintech company Finovate Capital finalised a multi-billion dollar deal with the Indian arm of European tyre maker Continental. The Covid-19 lockdown …

Akash Ohri moved to the Seraing municipality in Liege province of Belgium as the Financial Controller for the industry sector at industrial machinery manufacturer John Cockerill Group in July 2019. The group, having a turnover of 1.3 billion euros, has five verticals and the industry sector is one of them. For Ohri, this move from India to Belgium was a …

Volkswagen India too has added its name to the list of automakers that are now offering special finance schemes and offers aimed at helping people buy cars through these challenging circumstances. VW’s program, christened Omni-channel mobility solutions, brings together its Power Lease and Secure offerings so as to tend to the distinctive requirements of its customers. The automaker assures now …

April was a disastrous month for car makers, as sales were almost nil for most of them. Many car manufacturers have now rolled out schemes to attract buyers. Then, there are discounts and exchange offers too. Should you buy a car by taking such financing schemes, discounts and exchange offers after the lockdown and are they worth it? Naveen Kukreja …

Ujjivan Small Finance Bank reported 15% jump in net profit at ₹73.2 crore for the quarter ended March, 2020. It had reported net profit of ₹63.8 crore in the year-ago period. The interest earned in March quarter was ₹737 crore as against ₹536 crore in March 2019. The Gross NPA was 0.97% during the quarter as against 0.95% in December …

With lockdown and its economic fallout causing untold damage to the economy, more and more South Africans are finding themselves on unpaid leave, reduced salary packages or laid-off entirely. This is places many homeowners under severe stress when it comes to keeping up with their mortgage repayments and could well be deterring new buyers from entering the market as well. …