Abstract
This study explores the impact of financial performance on forex efficiency of the selected Indian Defence companies. To meet this objective the sample of five companies selected from nifty defence index based on availability of data. This research uses a descriptive research design and the analysis spans over ten years from April 2014 to March 2024. The financial performance indicators, including profitability, liquidity, asset efficiency, and solvency are examined in relation to forex efficiency through correlation and panel regression analysis. This research aims to address two key questions: the overall relationship between financial performance and forex efficiency in selected Defence companies and the influence of selected financial indicators on forex efficiency. The previous studies have explored related themes but they have not specifically targeted the Defence sector or detailed how particular financial indicator impact forex efficiency. This study fills this gap by providing a meticulous analysis of how financial performance influences forex efficiency. This contributes in valuable insights for strategic financial management and policy formulation in the Defence industry.
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