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Current Trends in Science and Technology

an Open Access Publication ISSN: 0976-9730 | 0976-9498

Management and Economics

Impact of Retail Management in the Growth of Indian Economy

Payal .
SRS, IMSAR, MDU.
Online First: February 03, 2018
| Google Scholar

Abstract

The recent years have witnessed rapid transformation and vigorous profits in Indian retail stores across various categories. This can be contemplated as a result of the changing attitude of Indian consumers and their overwhelming acceptance to modern retail formats. The Indian retail Industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 percent of the country’s Gross Domestic Product (GDP) and around 8 percent of the employment. India is the world’s fifth-largest global destination in the retail space. Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store. Organized retail also includes internet retailing, which is the process of buying and selling products and services, such as COD, card on delivery through the internet. India has entered a stage of positive economic development which requires liberalization of the retail market to gain a significant enhancement.

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Feb 3, 2018
Published
Feb 3, 2018
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References

1. ENQVIST, J., GRAHAM, and NIKKINEN, J. 2014.The impact of working capital management on firm profitability in different business cycles: Evidence from Finland. Journal of research in international business and finance, 32:36-49. 2. Goel, S. (2013), Working Capital Management Efficiency and Firm Profitability: A Study of Indian Retail Industry, South Asian Journal of Management, 20(3). 3. ARSHAD, Z. and GONDAL, M.Y. 2013. Impact of working capital management on profitability: A case of the Pakistan cements industry. Interdisciplinary journal of contemporary research in business, 5(2): 384-389. 4. ABUZAYED, B. 2012. Working capital management and firm’s performance in emerging markets: The case of Jordan. International Journal of managerial Finance, 8 (2): 155-179. 5. Islam, Md. Nazrul. , Mili, Shamen Ara., (2012), “Financial Diagnosis of Selected Listed Pharmaceutical Companies in Bangladesh,” European Journal of Business and Management., 4(4), pp 70-88. 6. Bolek, M., Kacprzyk, M. & Wolski, R. (2012). The relationship between economic value added and cash conversion cycle in companies listed on the WSE. Financial Internet Quarterly ‘e-Finance’, 8(2), pp. 1-10. 7. Choudhary, H. & Tripathi, G. (2012). An analysis of the inventory turnover and its impact on financial performance in Indian organized retail industry. Journal of Services Research, 12(1), pp. 43-64. 8. Erasmus, P.D. (2010). The relationship between working capital management and profitability for South African listed industrial firms. The Business Review, Cambridge, 15(1), pp. 2-10. 9. Dash, M. & Hanuman, R. (2009). A liquidity-profitability trade-off model for working capital management. Available: http://ssrn.com/abstract=1408722. (Accessed 25 October 2012). 10. APPUHAMI, B. 2008. The impact of firm’s capital expenditure on working capital management: An empirical study across industries in Thailand. International Management Review, 4(4): 8-21. 11. CHAKRABORTY, P.K. and BANDOPADHYAY, K. 2007. Strategic Working Capital Management: Case of a Turnaround Company. ICFAI Reader 2007. 12. LAZARIDIS, I. and TRYFONIDIS, D. 2006. Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, (19)1: 26-35. 13. HARRIS, A. 2005.Working capital management: Difficult but rewarding. Financial executive, 21(4):52:53. 14. BRAUN, M. and LARRAIN, B. 2005.Finance and the business cycle: international inter-industry evidence. Journal of finance, 60(3):1097-1198. 15. BREALY, R. and MYERS, S. 2005. Principles of corporate finance.7th ed. McGraw Hill. 16. EIJELLY, M.A. 2004.Liquidity-profitability trade-off: An empirical investigation in an emerging market. International journal of commerce and management, 14(2). 17. DELOOF, M. 2003. Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3): 573-87. 18. SHIN, H. and SOENEN, L. 1998. Efficiency of working capital and corporate profitability. Financial Practice and Education, 8(2):37-45. 19. WEINRAUB, H.J. and VISSCHER, S. 1998. Industry practice relating to aggressive conservative working capital policies. Journal of Financial and Strategic Decision, (11) 2: 11-18. 20. SMITH, M., BEAUMONT, E.BEGGEMAN, E. 1997. Measuring association between working capital and return on investment. South African journal of business management, 28(1). 21. CHITTENDEN, F. and BRAGG, R. 1997. Trade credit, cash flow and SMEs in the UK, Germany and France. International small business journal, 16(1):22-35. 22. BLINDER, A.S. and MACCINI, L.J. 1991.The resurgence of inventory research: What have we learned? Journal of economic survey, 5(4):291-328. 23. BRENNAN, M., MAKSIMOVIC, V., and ZECHNER, J. 1988. Vendor financing. Journal of Finance, 43:1127–1141. 24. EMERY, G. W. 1987. An optimal financial response to variable demand. Journal of Financial and Quantitative Analysis, 22: 209–225. 25. SMITH, M., BEAUMONT, E.BEGGEMAN, E. 1997. Measuring association between working capital and return on investment. South African journal of business management, 28(1). 26. CHITTENDEN, F. and BRAGG, R. 1997. Trade credit, cash flow and SMEs in the UK, Germany and France. International small business journal, 16(1):22-35. 27. STEVEN M. FAZZARI and BRUCE C. PETERSEN, 1993. “Working Capital and Fixed Investment: New Evidence on Financing Constraints”. The RAND Journal of Economics, pp. 328-342. 28. BLINDER, A.S. and MACCINI, L.J. 1991.The resurgence of inventory research: What have we learned? Journal of economic survey, 5(4):291-328. 29. BRENNAN, M., MAKSIMOVIC, V., and ZECHNER, J. 1988. Vendor financing. Journal of Finance, 43:1127–1141. 30. EMERY, G. W. 1987. An optimal financial response to variable demand. Journal of Financial and Quantitative Analysis, 22: 209–225.
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References

1. ENQVIST, J., GRAHAM, and NIKKINEN, J. 2014.The impact of working capital management on firm profitability in different business cycles: Evidence from Finland. Journal of research in international business and finance, 32:36-49.
2. Goel, S. (2013), Working Capital Management Efficiency and Firm Profitability: A Study of Indian Retail Industry, South Asian Journal of Management, 20(3).
3. ARSHAD, Z. and GONDAL, M.Y. 2013. Impact of working capital management on profitability: A case of the Pakistan cements industry. Interdisciplinary journal of contemporary research in business, 5(2): 384-389.
4. ABUZAYED, B. 2012. Working capital management and firm’s performance in emerging markets: The case of Jordan. International Journal of managerial Finance, 8 (2): 155-179.
5. Islam, Md. Nazrul. , Mili, Shamen Ara., (2012), “Financial Diagnosis of Selected Listed Pharmaceutical Companies in Bangladesh,” European Journal of Business and Management., 4(4), pp 70-88.
6. Bolek, M., Kacprzyk, M. & Wolski, R. (2012). The relationship between economic value added and cash conversion cycle in companies listed on the WSE. Financial Internet Quarterly ‘e-Finance’, 8(2), pp. 1-10.
7. Choudhary, H. & Tripathi, G. (2012). An analysis of the inventory turnover and its impact on financial performance in Indian organized retail industry. Journal of Services Research, 12(1), pp. 43-64.
8. Erasmus, P.D. (2010). The relationship between working capital management and profitability for South African listed industrial firms. The Business Review, Cambridge, 15(1), pp. 2-10.
9. Dash, M. & Hanuman, R. (2009). A liquidity-profitability trade-off model for working capital management. Available: http://ssrn.com/abstract=1408722. (Accessed 25 October 2012).
10. APPUHAMI, B. 2008. The impact of firm’s capital expenditure on working capital management: An empirical study across industries in Thailand. International Management Review, 4(4): 8-21.
11. CHAKRABORTY, P.K. and BANDOPADHYAY, K. 2007. Strategic Working Capital Management: Case of a Turnaround Company. ICFAI Reader 2007.
12. LAZARIDIS, I. and TRYFONIDIS, D. 2006. Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, (19)1: 26-35.
13. HARRIS, A. 2005.Working capital management: Difficult but rewarding. Financial executive, 21(4):52:53.
14. BRAUN, M. and LARRAIN, B. 2005.Finance and the business cycle: international inter-industry evidence. Journal of finance, 60(3):1097-1198.
15. BREALY, R. and MYERS, S. 2005. Principles of corporate finance.7th ed. McGraw Hill.
16. EIJELLY, M.A. 2004.Liquidity-profitability trade-off: An empirical investigation in an emerging market. International journal of commerce and management, 14(2).
17. DELOOF, M. 2003. Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3): 573-87.
18. SHIN, H. and SOENEN, L. 1998. Efficiency of working capital and corporate profitability. Financial Practice and Education, 8(2):37-45.
19. WEINRAUB, H.J. and VISSCHER, S. 1998. Industry practice relating to aggressive conservative working capital policies. Journal of Financial and Strategic Decision, (11) 2: 11-18.
20. SMITH, M., BEAUMONT, E.BEGGEMAN, E. 1997. Measuring association between working capital and return on investment. South African journal of business management, 28(1).
21. CHITTENDEN, F. and BRAGG, R. 1997. Trade credit, cash flow and SMEs in the UK, Germany and France. International small business journal, 16(1):22-35.
22. BLINDER, A.S. and MACCINI, L.J. 1991.The resurgence of inventory research: What have we learned? Journal of economic survey, 5(4):291-328.
23. BRENNAN, M., MAKSIMOVIC, V., and ZECHNER, J. 1988. Vendor financing. Journal of Finance, 43:1127–1141.
24. EMERY, G. W. 1987. An optimal financial response to variable demand. Journal of Financial and Quantitative Analysis, 22: 209–225.
25. SMITH, M., BEAUMONT, E.BEGGEMAN, E. 1997. Measuring association between working capital and return on investment. South African journal of business management, 28(1).
26. CHITTENDEN, F. and BRAGG, R. 1997. Trade credit, cash flow and SMEs in the UK, Germany and France. International small business journal, 16(1):22-35.
27. STEVEN M. FAZZARI and BRUCE C. PETERSEN, 1993. “Working Capital and Fixed Investment: New Evidence on Financing Constraints”. The RAND Journal of Economics, pp. 328-342.
28. BLINDER, A.S. and MACCINI, L.J. 1991.The resurgence of inventory research: What have we learned? Journal of economic survey, 5(4):291-328.
29. BRENNAN, M., MAKSIMOVIC, V., and ZECHNER, J. 1988. Vendor financing. Journal of Finance, 43:1127–1141.
30. EMERY, G. W. 1987. An optimal financial response to variable demand. Journal of Financial and Quantitative Analysis, 22: 209–225.
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