Dividend policy is a key decision area in the field of financial management. It is not clearly understood by a large segment of the financial community even today. There is a misconception that dividend policy is a straight forward and simple aspect of finance as compared with the more technical areas such as taxation, liquidity management and cost accounting. However, dividend policy decision is a complex one having numerous implications for the firm. It has both micro as well as macro significance. In spite of such a dual importance of this problem, its theoretical determinants are less well as macro significance. In spite of such a dual importance of this problem, its theoretical determinants are less well established and this is an area in which very little research has been done in our country. In the above back drop the present work has broadly been split into two parts. The first part deals with the review of the theoretical literature and the legal aspects of dividend policy. The second part is concerned with the empirical analysis of corporate dividend behaviour of sample companies selected for this purpose. The analysis of the trend of corporate dividend behaviour reflected in this book has been studied by examining the profit and dividend relationships and the dividend pay out ratios of the sample companies. However, to enquire into the determinants of dividend policy some known regression models have been extensively used in the study to gauge their relative ability to explain the dividend policy decisions in the Indian situation. This has been carried out by picking a judgment sample of 90 companies with reference to six selected industries belonging to both the traditional and non-traditional sector of our economy. It is believed that the findings of the stuffy in expected to be of great use to the teachers, researchers and students of economics, commerce and management to management personnel of various financial institutions and industrial corporation, and to the investing public at large.

Production management has developed in quantum leaps over the past three decades in tandem with the giant leaps in technology that have market the closing years of the present century. The subject is so complex and vast that the concept of the assembly line and automated shop floor has been replaced by computerised on-line systems, manufacturing information data and cyclic management of production diversification and ancillary lines. The new challenges faced by the modern technocrats range from product development and user-friendly materials to environmental considerations and competitors' markebility to sub contraction and transfer of technology. The four main segments dealt with at some length in the present set of compilations are: Production Management and Technological Choices, Production Systems and Inventory Control, Production Management and Quality Control and Production Operations and Cost Control.

Production Management and Inventory Control consists of specialised and well-researched analytical articles. The themes elaborately dealt are: Introduction: Notes on Measurement; Manufacturing Monitor and Control; quality and production Values; Production recording and Examination; Statistical Control Charting; Production and technological Options: Global View; Long-Term Production Planning Strategies; and Dynamic System in Inventory control etc. Substantially derived from authoritative sources, this book will prove informative and useful to scholars, academics and professionals alike.

A business must consider QUALITY over time (reliability) it is does not want to loose future customers. Quality is a nebulous and often variable term, how does one go about defining it so that design and production can be oriented and controlled to assure meeting quality standards? Production Management and Quality Control is compilation of well-researched articles, derived from authoritative sources. Policy and Prospects in Technological Innovation; Quality and Product Considerations; Economics of Scale: A Cost Reduction Analysis; Work Environment and Labour Concerns; Dynamics of Cyclic Servicing; Inventory Model Applications; Statistical Quality Control; Motion and Time Parameters; and Production Principles in Workshop and Shop floor are the major themes elaborately analysed in this book. Researchers, academics and students besides the management professionals in the field will be benefited immensely by this volume.