FINANCIAL MANAGEMENT OF PUBLIC SECTOR

ENTERPRISES IN KERALA UNDER LIBERALIZATION

Thesis submitted to the University of Kerala for the

Award of the Degree of Doctor of
Philosophy in Management

BEENA. R

Under the Supervision of

Dr. G. RAJU
Professor of Commerce
Institute of Management in Kerala
School of Business Management and Legal Studies
University of Kerala
Thiruvananthapuram

November 2012
DECLARATION

I, Devi Priya do hereby declare that the thesis entitled “Financial

Management of Public Sector Enterprises in Kerala Under Liberalization” is a
bonafide record of research work done by me under the supervision of
Dr. ….., Professor, Department of Commerce, University of Kerala and that
this thesis or any part thereof has not previously formed the basis for the award
of any degree, diploma, associateship, fellowship or other similar title or
recognition.

Thiruvananthapuram,
November, 2012. Devipriya
Dr. devi priya Tel: Res: 0471-2305862, 2305179
Professor Mobile: 09496254542, 09895456105
Fax: 91-471-2307158
E-mail: rajmukal@yahoo.co.uk
Department of Commerce
School of Business Management
and Legal Studies
Kariavattom Campus
Thiruvananthapuram
Kerala – 695 581
CERTIFICATE
This is to certify that the thesis entitled ‘Financial Management of Public Sector
Enterprises in Kerala under Liberalization’ submitted by Mrs. Devi priya for the award of the
Degree of Doctor of Philosophy in Management of the University of Kerala, is a record of
bonafide research work carried out by her under my guidance and supervision. No part of
the thesis has been submitted before for the award of any degree, diploma, associateship,
fellowship or other similar titles of recognition from any other University or Institution.
She is permitted to submit the thesis.

Thiruvananthapuram Dr. …..

November 2012 Supervising Teacher
 ACKNOWLEDGEMENT
I thankfully acknowledge the unique guidance, expert advice and continuous encouragement from my
supervising teacher Dr. G. Raju, Professor, Department of Commerce, University of Kerala. His corrective
comments and creative suggestions have always stood in good stead when I needed them most.

I would like to express my gratitude to Dr. J. Rajan, Professor and Head, Institute of Management in
Kerala for his whole-hearted cooperation.

I am thankful to Dr. M. Sarngadharan, former Professor and Head, Department of Commerce, University
of Kerala who took active interest in my work. He was the person who introduced me with patience to
the subject of financial management.

I wish to record my thanks to Dr. K. Manoharan Nair ,Associate Professor, M. G. College,

Thiruvananthapuram who helped me a lot in the collection of data and materials required for the study.

I thankfully acknowledge the help, cooperation and encouragement from the faculty, librarian and other
staff members of Institute of Management in Kerala and Department of Commerce.

My son Mr. Gokul Nair not only encouraged me but also helped me a lot in the computer
works. Helps and inspiration from my mother Smt. K. T. Radhamani Amma requires thankful
mention.

I would like to thank all the respondents who have recorded their opinion to the questionnaire, the
information of which formed the backbone to my study.

And finally I bow before the Almighty for all the blessings showered upon me.

Devi priya