The Neoclassical Model, Corporate Retained Earnings and the Regional Flows of Financial Capital

Salvary, Stanley

doi:10.2139/ssrn.704843

Cited by 3 publications

(3 citation statements)

References 30 publications

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“…Data presented by Grose [1993:27] Unmistakably, regional economic development is dependent upon a region's ability to devise means to influence location decisions of individual firms and the flow of financial capital into the region [Salvary 2004]. This study maintains that the impact of these factors on any region is determined to a great extent by the firm-type dominance of a region as opposed to the industrial structure/mix of a region.…”

Section: Research Objectivementioning

confidence: 99%

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The Impact of Firm-Type Dominance on Regional Manufacturing Growth

Salvary

2007

SSRN Journal

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Availability of financial capital and location decisions are variables that influence regional manufacturing output. This study maintains that a region's manufacturing growth depends upon the region's firm-type dominance. That is, the type of firms that dominate the region's manufacturing output can be classified as non-local (national or foreign -NF) vs. local and large vs. small. Accordingly, for policy analysis, regions can be classified by firm-type dominance. This distinction is important since, invariably, location decision options and availability of financial capital are more favourable for the larger NF firms than for local firms. In an attempt to assess the impact of firm-type dominance, this study draws upon the dominant industry model [Salvary 1987] which has established that, in any given region, there is a dominant industry (the driving force of the region) to which a region's manufacturing growth is linked. The information on the impact of firm-type dominance on a region's manufacturing output may enable policy-makers to design workable (or revise existing) manufacturing diversification policies.

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Section: Research Objectivementioning

confidence: 99%

“…Invariably, firms obtain their financing from the national pool of investment funds [Salvary 2004]. Yet, all firms do not get their efficient share of the investment pool (the capital availability problem).…”

Section: The Availability Of Financial Capitalmentioning

confidence: 99%

The Impact of Firm-Type Dominance on Regional Manufacturing Growth

Salvary

2007

SSRN Journal

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“…Kumar (2001) examined the financing pattern in India for the period from 1956 to 1999 using RBI statistics, results of his study showed that internal funds were the major source of funds in the 1950s. Salvary (2004) attempted to determine whether allocation of regional financial capital flow was efficient as suggested by the neo classical model, specifically the study attempted to ascertain whether the corporate retained earnings model was a good predictor of the regional flow of financial capital. The results of the study suggested that the corporate retained earnings model had an impact on the predictive ability of the neo classical model, that is regional flows of financial capital were influenced in part by corporate retained earnings.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Retained Earnings in Profitable Steel Companies in India: A Study of Steel Sector

Masood

2018

Int. J. Res. Granthaalayah

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In this paper an attempt has been made to identify the important determinants of retained earnings in profitable steel companies in steel sector of India and which have impact on the retention of earnings of steel companies under study. Multiple linear regression is used to identify the determinants of retained earnings for a period of sixteen years. Also the importance of retained earnings as a source of finance for steel sector companies is also studied in the paper.

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Determinants of Retained Earnings in Profitable Petroleum Companies in India: A Study of Petroleum Sector

2020

IJREAM

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In this paper an attempt has been made to identify the important determinants of retained earnings in profitable petroleum companies in petroleum sector of India and which have impact on the retention of earnings of petroleum companies under study. Multiple linear regression is used to identify the determinants of retained earnings for a period of sixteen years. Also the importance of retained earnings as a source of finance for petroleum sector companies is also studied in the paper.

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The Neoclassical Model, Corporate Retained Earnings and the Regional Flows of Financial Capital

Cited by 3 publications

References 30 publications

The Impact of Firm-Type Dominance on Regional Manufacturing Growth

The Impact of Firm-Type Dominance on Regional Manufacturing Growth

Determinants of Retained Earnings in Profitable Steel Companies in India: A Study of Steel Sector

Determinants of Retained Earnings in Profitable Petroleum Companies in India: A Study of Petroleum Sector

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