TITLE

Impact of Total Cost Management on Financial Performance : An Empirical Study of Selected Public Sector Oil and Gas Companies in India

AUTHOR(S)
Sarkar, Aniruddha
PUB. DATE
July 2012
SOURCE
Journal of Institute of Public Enterprise;Jul2012, Vol. 35 Issue 3/4, p28
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Total Cost Management (TCM) is an integral part of management through which managers urge to control costs so that the objective of a firm can be achieved in an efficient and prudent manner. It is the effective application of professional and technical expertise to plan and control resources, costs, profitability and risk. This paper makes an attempt to assess the impact of TCM on financial performance of the selected oil & gas companies in India on the basis of available data collected from published annual reports of the companies over the period of 10 years (i.e., from 2000-01 to 2009-10).The available data have been analyzed by using important statistical tools viz., correlation and statistical test. Student's 't'-test has been applied to test the significance of the results of the empirical study.
ACCESSION #
85380828

 

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