Trends in Profitability of Maharatna Central Public Sector Enterprises in India during the Post-Liberalization Era

Authors

  • Sunil Kumar Yadav The Institute of Cost Accountants of India

DOI:

https://doi.org/10.33516/rb.v47i1-2.113-128p

Keywords:

Globalization, Liberalization, Profitability, Market Dynamics, Post-Reform.

Abstract

The liberalization of the economy in 1991 has changed the market dynamics with private sector playing a greater role in shaping the industrial landscape. As a consequence, the Central Public Sector Enterprises (CPSEs) have exposed to competition from domestic and overseas companies. Some CPSEs have been able to reorient their business strategies and benchmark their performance with best practices while others failed to do so. As a result, there has been a significant change in the profitability trend of these companies during the post-reform period. This paper attempts to make a comparative analysis of profitability of Maharatna CPSEs during the post-reform period. The issue addressed in the present study has used appropriate statistical tools and technique as per requirement. The study discloses that GAIL and ONGC jointly proved themselves as highest profit earners during the period under study by skirmishing all the obstacles emanated from liberalization, globalization and competitiveness.

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Published

2022-01-27

How to Cite

Yadav, S. K. (2022). Trends in Profitability of Maharatna Central Public Sector Enterprises in India during the Post-Liberalization Era. Research Bulletin, 47(1-2), 113–128. https://doi.org/10.33516/rb.v47i1-2.113-128p

Issue

Volume 47, Issue 1-2, April-July 2021

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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