Abstract:
The Role of Subsidiary Companies from the Perspectives of Growth and Development
THEME - Role of Competition, Flexibility and Trade in Economic Growth
This Research Paper throws light on the efforts of Indian corporations in their objectives of maximization of shareholders wealth. To achieve this, they have taken the route of subsidiarization. This Paper only takes the results achieved by Indian business corporations in fulfilling the objective of maximization of shareholders wealth, to some extent by studying the financial relationship between the holding companies and their subsidiaries. For achieving this objective, various strategies have been employed by different companies.
Growth refers to expansion, rise, progress, success, and improvement of a specific organ through development. Growth may be achieved in vertical direction or horizontal direction or both ways at a time. To what extent corporation achieves this through the route of formation and development of subsidiaries, is being traced through a financial relationship established between the holding companies and their subsidiaries.
In a nutshell, the researcher exploited the subject for this study in context of the following two questions:
1) Do subsidiaries help financially a holding company in achieving the primary target or objective of growth?
2) If yes, then how and to what extent?
These questions have been answered on the basis of collection of available data, analysis of facts, and conclusions drawn.
BRIEF INTRODUCTION OF THE RESEARCHER
NAME - DR. YASHAVANT S. VAISHAMPAYAN
INSTITUTE – SINHGAD INSTITUTE OF MANAGEMENT, VADGAON (Bk.), PUNE – 411 041
RESIDENCE – G-15, GANESH PARK, MANIKBAG, SINHGAD ROAD, PUNE – 411 051 PH. RESI. – 020 – 24352868 MOBILE – 9881364934 e-mail – yashogeeta@hotmail.com, vaishampayan_yashavant@vsnl.net
EDUCATIONAL QUALIFICATION – M.COM., PH.D.