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Book Cover
Author Singh, Harjit

Title Corporate restructuring through disinvestment (An Indian perspective) / Harjit Singh
Published New Delhi : New Age International, ©2007


Description 1 online resource
Contents Chapter 1. Corporate Restructuring: An Introduction -- Introduction -- Background Leading to Corporate Restructuring Decisions -- Corporate Restructuring: Meaning and Definition -- Types of Restructuring -- The Role of Government in Times of Crisis: Foreign Experience -- Evolution in India -- Effects of Corporate Restructuring -- Corporate Restructuring and NPL Disposition -- Summary -- Chapter 2. Public Sector in India -- Introduction -- Public Sector: Meaning and Definition -- Objectives -- Background of Public Ownership -- Evolution of Public Sector Policy in India -- The Need for Disinvestment -- Background Leading to Disinvestment Decision -- Reasons of Poor Performance of PSEs -- Chapter 3. Disinvestment Drive in India -- Introduction -- Disinvestment: Meaning and Definition -- Commencement of Disinvestment Process -- Contribution of Disinvestment Proceeds in Meeting Fiscal Deficit -- Conclusion -- Chapter 4. Privatization Policy Framework -- Introduction -- Strategy for Privatization -- Essential Elements of Privatization Strategy -- Criterion for Reform Options -- Criterion for Selection of Enterprises for Privatization -- Techniques of Privatization -- Conclusion -- Chapter 5. Ownership Vs Competition -- Public Interest Theory and Market Failure -- Hypothetical Viewpoints on the Effects of Ownership -- Relative Performance of Public and Private Firms in Global Context -- Summary -- Chapter 6. Changes and Impacts on Industry Structure and Operations -- Introduction -- Hypothetical Viewpoint on the Performance of Disinvested Companies -- Indian Disinvestment Programme: Economic Implications -- Impact of Disinvestment on Financial and Operational Performance -- Profitability Change -- Impact of New Economic Policy on Indian Corporate Sector -- Impact on Operational Performance -- Conclusion -- Chapter 7. Summary and Conclusions -- Effect of New Economic Policy (1991) on Disinvested PSEs -- Effect of Disinvestment on Performance of PSEs -- Effect of Extent of Disinvestment on Performance of PSEs -- Effect of Ownership on Efficiency -- Observations and Recommendations -- Reasons for Slow Achievements -- General Suggestions -- Current Status of Ministry of Disinvestment -- Expert Comments on Disinvestment Policy of the UPA Government -- Glossary
Summary About the Book: Business combinations, corporate restructuring, financial reengineering, corporate reorganizations are the terms used for restructuring the corporate sector. In India, corporate restructuring by way of disinvestment of public sector enterprises has become a fashionable concept in recent years. It started from the middle of seventies with the disappointment of public sector, but the voices of protest were very weak and periodic. But the continuous failure of public sector to fulfill the role assigned to it intensified the voices of protest. The opening of certain sectors earlier reserved for the public sector was undertaken in the beginning of eighties but the government was to some extent hesitant to make a clear statement. Then ultimately in the year 1991, under the stewardship of Dr. Manmohan Singh, then finance minister, the process of corporate restructuring through disinvestment was actually started and got momentum
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Disinvestment -- India
Corporate reorganizations -- India
Corporate divestiture -- India
BUSINESS & ECONOMICS -- Mergers & Acquisitions.
Corporate divestiture
Corporate reorganizations
Form Electronic book
ISBN 9788122425437