Abstract
Purpose: The CPSEs play a vital role in the economic structure of the country by supplying necessary products and services. To sustain in the long run, it is essential to earn a reasonable amount of profit on a consistent basis. Thus, the higher the dispersion in investment returns, the higher is the risk and vice-versa. In this perspective, an industry-wise dispersion of investment returns in Indian CPSEs are carried out from 2010-11 to 2019-20. Design/Methodology/Approach: To fulfill the research objectives of the study, secondary data is used. Dispersion is calculated for the investment ratios by coefficient of variation. Furthermore, paired ‘t’ test is applied to locate any significant transform in the average dispersion of investment returns of all the selected industries taken together. One-way ANOVA is also applied to measure variation in investment returns among the selected industries. Findings/Result: The study results reveal that the rate of fluctuation in investment returns has varied extensively among the industries. Moreover, most of the selected industries in the 1st sub-period have shown better consistency in investment returns as compared to the 2nd sub-period. Further, significant differences are observed in investment returns among the selected industries, which implies that investment returns in each selected industry has a significant bearing on the aggregate investment returns of the CPSEs. Originality/Value: To recognize the rate of dispersal in investment returns generated by the CPSEs. Paper Type: Empirical Research.
Highlights
INTRODUCTION : defined, investment return is the quantity of profit that is earned by an enterprise from their investment during a particular time period
[14] Paired ‘t’ Test and One-way ANOVA: Paired ‘t’ test has been applied to find out whether there is any significant change in the average dispersion of investment returns of the total industry during the period under study
8.2 Paired ‘t’ Test for Dispersion in Investment Returns: To examine whether there is any noteworthy change in the average dispersion of investment returns of the total industry between the two sub-periods, paired ‘t’ test is employed in the study
Summary
On the basis of Fig., the hypotheses of the study are affirmed underneath: 1st Hypothesis (H1): Null Hypothesis (H01): There is no significant change in the average dispersion of investment returns of the total industry. Alternative Hypothesis (HA1): There is significant change in the average dispersion of investment returns of the total industry. 2nd Hypothesis (H2): Null Hypothesis (H02): There is no significant variation in investment returns among the industries. Alternative Hypothesis (HA2): There is significant variation in investment returns among the industries.
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