5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India
Abstract
Both macro and microeconomic dynamics affect the financial results of a firm. To reduce their impact on future cash flows and profitability, it is critical that businesses are aware of these issues. Microeconomic elements include organizational culture, leadership, demand, quality of product, constituents in production and the effect of which could be executed and controllable by the management. However, macroeconomic factors such as government regulations and policies, unemployment rates, socio-political and environmental conditions, corporation tax rates, suppliers, and competitors ...
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