Financial restructuring anditsimpacton corporate performance incementindustry inindia

Nisarg A Joshi., Narayan Baser and Jay Desai

Major objective of the paperisto study the impact of financial restructuring on corporate performance.The data was collected fromsecondary sources. Financial statements of cement sector firms both large and medium scale firms were analyzed and comparison of parameters such as sales, gross profits, net profits, gross assets, taxes paid by them to the government and current ratio,before and after restructuring was under taken. Pair edt-test was used to compare the performance of the sefirms before restructuring and after restructuring. The empirical result sindicate that financial restructuring has a significant impact on the financial performance of large and medium sized firms in the longrun.

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