Page 101 - MA - May 2017

Results Numbers Really Mean. Business Literacy Institute, Inc.
The results of present studies show that the average ROE USA, 284 pages.
of 30 Sensex companies follows the bearish trend. As Sensex, 3. Herciu, M., Ogrean, C., Belascu, L. (2011). A Du Pont
being the India’s capital market indicator, is directly reflected Analysis of the 20 Most Profitable Companies in the
by the financial performance of the largest and most actively World. 2010 International Conference on Business
traded stocks, is not growing in comparison with the global and Economics Research, Vol.1, 45-48.
capital market. 4. Aimen Ghaffar (2014), Impact of Research and
Development on Firm Performance International
Conclusions Journal of Accounting and Financial Reporting, Vol.
The responsibility of management of any company, the 4, No. 1
obligation of BSE and NSE for creating infrastructure facility 5. Irina Berzkalne – Elvira Zelgalve (2014) Return On
to make the capital market most efficient and finally the Equity And Company Characteristics: An Empirical
duty of the regulators and policy makers (SEBI, RBI and Study Of Industries In Latvia, The 8th International
MCA) of our country to simplify the regulatory framework Days Of Statistics And Economics, Prague, September
so that it would have a positive synergy effect on the 11-13, 2014
performance of all the listing companies with an objective to 6. Kritika, Vikas Choudhary (2015) Impact Of Board
put our Sensex or NIFTY as benchmarked index in the global Size On Firm Performance : A Study Of Selected Bse
capital market. 500 Companies, Apeejay Journal of Management and
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Journal of Agricultural and Applied Economics, 32(2),
383-392 prafullaswain@soauniversity.ac.in
2. Berman, K., Knight, J., Case, J. (2013). Financial aryakumar@soauniversity.ac.in
Intelligence. A Manager’s Guide to Knowing What the

At the helm

Our heartiest congratulations to CMA Narender Kumar Bhola, a fellow member of the
Institute, for his appointment as Director General, Corporate Affairs with effect from
1 April 2017. Prior to this he was Regional Director (Northern Region).

We wish CMA Narender Kumar Bhola the very best for all his future endeavours.

www.icmai.in May 2017 l The Management Accountant 101